COMMERCIAL LENDING INFORMATION
Hard Money | Equity Based | Asset Based | Private Money | Conventional
Commercial real estate can be difficult to finance, especially when time frames are tight. Some property types are very difficult to find funding for at all. Finance One can use the equity from one or more properties to get the funds property owners / investors require in a timely manner. When flexibility is the name of the game, Finance One is ready. You can help us understand more about your needs by contacting us or submitting an Executive Summary.
Commercial Loan Program Highlights
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Rates Starting at 12% (as low as 8.99% case by case) up to 65% LTV
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Up to 75% LTV/CLTV case by case
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Interest Only Loans
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No Pre-Payment Penalty (most cases)
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6 to 36 Month Terms (ability to recast in most cases)
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Fast Closing (Able to fund in 7 to 14 days in many cases)
We are experienced in the commercial hard money lending space and can help you fund your commercial properties in a timely manner while keeping hassles to a minimum. Contact us today to find out how we may be able to help.
Loan Profiles
Property Types |
Office, industrial, retail, apartments, mobile home parks, R&D, mini-storage, condo conversion, and on a case by case basis; land, entertainment complexes, hotels and motels, and other specialty properties...other property types case by case...call! |
Geography |
USA Nationwide, but prefer Western States |
Loan Size |
$50,000 minimum to $10,000,000 |
Security |
First and/or second mortgages |
Funding Time |
Two weeks or less. As fast as 48 hours under emergency circumstances with proper documentation |
Borrower Profile |
Prefer entrepreneurial, hands-on leasing and management, proven experience, local market presence, credit-worthiness |
Leverage/Equity |
Loans to 70% LTV (Higher LTV considered on purchase transactions and special circumstances.) |
Loan to Cost |
Up to 70%, possibly higher for special circumstances |
Pay Rate |
Positive debt service coverage preferred |
Loan fees |
5 to 6 points depending upon type of deal and term |
Rates |
Short term fixed or adjustable rates. ( 12% to 13%...low as 8.99%) |
Terms |
1 to 3 yrs |
Amortization |
Interest only |
Recourse |
Depends on deal specifics |
Prepayment |
Typically no prepayment penalty |
Please contact us or call 1-888-814-8406, info@finance1online.com to discuss your business needs.
Programs & rates change daily and without notice. This is not an offer to lend. Call for details. |
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