March Commercial Rates!! - 03/11/09 12:20 PM
As the lobster hunting season comes to an end ( if you're a diver :)  ) I thought I would update you on the changes happening in the Commercial Side of Real Estate.
 Below are the average rates for a "Full-Doc" loan. or someone who has no trouble showing tax returns that verify thier income.
To keep it simple Everything listed below is based on a 5/30 fixed rate loan program with a 3-5 yr prepay.
Multifamily and Mixed-use                 5.625-6.75%
Office/Medical/Retail/warehouse/Storage/etc          7-8.125%
Special Purpose/Gas Station/Industrial/Churches      7.89-12.%
Stated programs are also available … (2 comments)

Commercial Lending Needs list - 03/11/09 11:59 AM
To alleviate some confusion I thought I'd post what is needed in most cases for applying for a Commercial mortgage. Hope this helps!
 
Although all Commercial property types differ in required documentation, this short list should help you with what will be required at the beginning of the process.
Business Loan Summary (short summary of the property type, loan amount, Location, and type of financing desired) Listing (if a purchase) Purchase Contract (if a purchase) Property Financials Profit & Loss Statement (Year to Date) Balance Sheet (Year to Date) Rent Roll (if applicable) 3 Years of Federal Business Taxes (must … (0 comments)

 
Cunningham_josh

Josh Cunningham

San Clemente, CA

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Surterre Properties

Address: 621 S. El Camino Real, San Clemente, Ca, 92672

Office Phone: (949) 498-7711 x 7

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