- Name
- Arthur L Pepperman II
- Company
- CMS Funding, Division of Commercial Capital Ltd
- E-mail
- Contact Arthur L Pepperman II (CMS Funding, Division of Commercial Capital Ltd)
- Website
- http://cms-funding.com
- Office Phone
- (800) 381-9827
- Alt. Phone
- (860) 946-6637
- Fax
- (866) 610-7414
- Address
- 37 Flanders Road, Woodbury, CT, 06798
- Description
- Nationwide Commercial Lender with ample funds and a consultative, educational approach. See Qualifying Tips at cms-funding.com. Successfully closing reasonable commercial loans requests for 35+ years.
About Us:
Arthur L Pepperman II, Consultant, Lender, Business Broker
I've been a corporate officer, entrepreneur, banking consultant and family owned business consultant for 40 years. I have either made, or seen, just about every business mistake ever made.
Looking back, one prime aspect of business stands out above all --- and that is the business owner's constant need to create, or obtain capital, to grow a successful business. That is even more true in these extremely tough economic times.
Having been in the Commercial lending business for four decades, I have lived and prospered through many cycles of boom and recession periods. Let me assure you, the direct lenders who work for me are not hampered by past sins in underwriting the Commercial Market, thus they are ready, willing, able to lend on good Commercial Loan requests.
As you probably know, many top Commercial Lenders are now gone, the Mega Banks aren't lending to Main Street at all and even most smaller local and regional Banks have put commercial lending on the back burner as they work off bad Development loans and rebuild their reserves.
Therefore, it is not unusual to have your time wasted to be ultimately be turned down by your local banker. If this has happened to you, it usually means that your Bank just can't lend at the moment ...... as opposed to refectly poorly on you personally or the quality of your loan request.
Due to our years of successful underwriting of worthy commercial loans, lenders, that are willing, and able, to fund commercial loans, come to us to find them good borrowers. We weed those lenders down to the most competitive, most cooperative and most stable in their fields of lending, so our borrowers are assured they will be at the top of the pile when we present your commercial loan request. This means that if you have a solid loan request, that meets present underwriting standards, your odds of a successful funding go up tremendously, because we will present it to the best willing lender now lending in the field where your loan request fits best.
Since we work with our lenders on a daily basis, we know that each lender has its own criteria it likes to see --- to approve a loan request. Therefore it is to your advantage that we understand the unique circumstances of your loan request so that we can package your loan request for the best chance of obtaining a successful closing from one of our captive lenders truely interested in funding your type of commercial loan.
Here are a few of our lending programs that we are offering today!
Direct Lenders for Owner Occupied Real Estate Purchases:
50% occupancy for SBA 504 programs and 25% occupancy for traditional financing.
Very Small Balance Commercial Mortgages:
$100,000 to $500,000: Max LTV 65% -70%, DSCR 1.25, Fixed for 25 years, 3 Year Prepayment Penalty, Min Credit 600. Use for Purchase - Cash Out - or Rate & Term
Funding for Purchasing A Franchise:
Many "Franchisors" have lost their normal financing sources. We have lenders ectatic to lend to qualified entrepeneurs for purchasing nationally know franchises. If you need "start up" financing for your new franchised business, we can make put you in business.
Borrow from your IRA/401K, W/O Tax Problems:
Did you know you can borrow from your IRA/401K for business purposes and pay yourself interest (instead of Bankers) without tax penalties? Use your own saved funds for purchasing a business or income producing real estate, refinancing a business or personal loan or to pay down expensive short term, high cost, debts. Why pay interest to the banks, when you can pay to yourself to earn more money to retire on? Eureka!
Office, Retail, Light Industrial:
Mortgage loans from as low as $300,000 to $5 Million, Purchase LTV's 60% to 75%, 60% to 70% for R & T refi's. 60% to 65% LTV for Investment properties. Choice of variable and fixed Rates, DSCR 1.25, 20 to 25 year Amortizations, Min credit 650 Conventional financing, not SBA.
Multifamily Mortgages:
Mortgages from $500,000 to $5, Million Max LTV Purchase 70% to 75%, DSCR 1.25 to 1.4, Am 25 to 30 year, Min credit 680 Limited cash out . Caveat: Population of metro area will be important! Property must be in a Major city.
Owner Occupied Mortgage Loans:
Too many loan conventional loan options to list, starting at $500,000, LTV's from 65% - 75%, DSCR 1.20, Am 20 - 25 year, Min credit 650, Use for Purchase, Rate & Term Refinancing and Limited Cash Out for justifiable business purposes.
Bridge Loans:
Need funding to pruchase or restore a distressed property and have a solid exit plan, then Bridge loan financing may be your ticket to building your real estate portfolio. Consider Bridge loans as semi hard money, starting at $1 Million. If you are experienced, liquid, have done your homework and can prove it, we can probably hook you up. Excellent deals if wating on a pre approved FHA/HID loan to close.
SBA 504:
Min $250,000 to $5 Million, Owner Occupied Real Estate Purchases only. Everybody says they can do these loans and then jerk you around. We don't, and do them quickly.
SBA 7a: Greatest Government guaranteed program available, coveres most property types, virtual 100% financing. Owner Occupied only for Purchase, Construction, Renovation and/or Refinance. Loans from $150,000 to $5 Million and we do them quickly.
USDA Business & Industrial:
If your business is in a rural area, a town with less than 50,000 population, this loan is the answer when your Bank says no! Loans start at $300,000, up to $10 Million. Fabulous program for owner purchase, machinery, equipment, FF&E and working capital in one package. Must have 10% tangible net worth in the business, 20% if a start up, so check your Balance Sheet!
There is no credit crunch at CMS Funding! Call Arthur at 860-946-6637
Borrowers - Be Prepared
Experienced borrowers already know this, however if you are an occasional, or new, commercial borrower, the following will save you much valuable time and frustration while vastly improving your chances for a successful commercial funding.
In this example, we will assume you need a commercial mortgage, whether for purchase, a rate and term refinance or a cash out refinance, please be prepared as follows:
Obtain a Tri-Merge Credit Report or call us for a free one.
Prepare an up to date Personal Financial Statement. Be honest, include the good, bad and the ugly, if applicable.
Have copies of the last 2 years Corporate and Personal Tax Returns available
Have a YTD P & L and Balance Sheet at the ready, either yours or the Seller's, if purchasing.
Have your, or the Seller's, Rent Roll and property expenses up to date and accurate.
Have a two paragraph Executive Summary, if only in your head, ready to communicate your goals, needs and expectations.
Don't ask for, or expect, an interest rate "Quote" in the first conversation!
Do the above and the good news is:
If you are prepared, and communicative, the chances are that we can do some preliminary underwriting on your loan request, find the proper lender in your circumstances and in 24 to 48 hours get back to you with a written "Letter of Intent" (LOI) to do your loan within your time frame to close!
Your LOI will contain all the pertinent information such as rate, term, monthly payment and terms and condition for you to make an intelligent and informed decision of whether the Lender's offer meets your ROI needs and bottom line expectations.
By following this simple preparedness formula, you put yourself in the driver's seat.
To be ill prepared is a dis-service to your own business and to us whose only mission is to see you obtain the loan you desire.
Understand that the first preliminary underwriting may show weaknesses in your loan request that will preclude us from obtaining a LOI for you. By being prepared as outlined above, your information may very well lead us to suggestions to improve your package to be acceptable so an LOI can become available.
It is far better to learn correctable bad news from us first than to waste months shopping a loan that is fatally flawed from the git go.
An educated, or educable, borrower always wins over time.
Testimonials
When my bank wanted my small motel property for a bank branch, I refused to sell. They then used a technical clause in my mortgage agreement to foreclose. No one could help me until Arthur rode in on his white horse. He held off foreclosure, found new financing, saved my motel business and allowed me to pass on the property value to my children and grandchildren. I have aptly dubbed him "St Arthur"
Evelyn H Lee, Williamsburg VA
When my bank could not refinance my commercial mortgage, they referred me to Arthur Pepperman. Having dealt with other mortgage broker before, I have to say Mr. Pepperman is in another league. He immediately recognized the problems I was having and put together a loan package where everybody wins. I highly recommend this outstanding man.
Thomas Scorda, Lake Wales FL.
I had a $5,000,000 construction mortgage for a medical building that needed to be converted into a permanent mortgage. My bank was being purchased by a larger bank that didn't want to do the take out loan. I had never had problems getting take out loans before, but because my bank didn't want the loan, neither did any others. I asked the out going President for help and he recommended Arthur L Pepperman II. Within two months, Arthur did the job and at a better rate than I ever expected. This man really earns his fee.
John Sullivan, Manchester, NH
We do appreciate the drive, professionalism and guidance that Arthur portrayed in our attempt to correct the many mistakes made by our current "BROKER". Our situation would definitely be different if we had found his company earlier. Arthur, it has been a privilege working with you!
Bill Phillips, Collierville,TN
