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Commercial Mortgage Updates For January 2012 - 01/13/12 10:49 AM
Happy New Year! CRE rates continue to be low.
Great rates on both 5 year and 10 year fixed loans. 5 YEAR fixed money at 4.95%, 10 year fixed money at 5.90%.
Please note, all owner-user conventional loans are now eligible for SBA 504 refinancing.
Here are a few program highlights:
Owner-user and Investor CRE programs > $250k SBA 504 and 7(a) financing for most states – rebates up to 2% on SBA 504 (SBA 7a financing for hotels/motels and gas/c-stores) Multi-family financing in most medium and large cities – all 50 states – rates starting @ 4.25% Bridge to perm … (0 comments)

Stated Commercial Loans up to $3 million - 01/05/12 03:24 PM
With The 23 Ventures small balance loan program, less is more. By starting and closing with us, we provide more efficient and quicker process for funding small balance loans.
Product Type:Purchase, Refinance, and Refinance with cash out.
Property Type:Multi-Family (5) Plus unitsMixed-UseOffice & RetailMotelsMobile Home ParksWarhouse/Light IndustrialGarage & Auto RepairChurches & non Profit
Program TypesFull and State Documentation
HighlightsLoan Amounts form $50k to $3 MMLTV up to 75%Credit as low as 600 FicoFixed and Adjustable LoansRate as low as 8.5%(Lower on Better Credit Risk)States Offered: National
  … (0 comments)

Non Owner Occupied 1-4 Family - 01/05/12 11:04 AM
23 Ventures is now expanding into the small balance arena to include 1 to 4 unit investment properties. This program is ideal for the investor looking to expand their investment portfolio to include 1 to 4 unit dwellings without the stringent banking policies for non owner occupied residential properties.
PROPERTY TYPES AND CONDITIONS:multi-family 1 to 4 unit dwellingsnon owner occupied/investmentmust be owned in corp or LLC name
HIGHLIGHTS:Loan Amts $50K to $500kFull and Lite Doc Options600 Middle Fico Score25 year amortizationLTV’s up to 65%Cash out Available
… (0 comments)

 
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Christopher Hills, Managing Dir. Lending

Hopkinton, MA

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23 Ventures LLC

Address: 197 Main Street, Milford, MA, 01757

Office Phone: (508) 488-9186

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