"YOU ARE LOSING "MONEY" NOT GETTING YOUR COMMERCIAL LOANS CLOSED?
You don’t have a resource for your Commercial loans? Now you do!!! …
“SENDERRA COMMERCIAL FUNDING”
Don’t know where to send them? Run it by us first and let us see what we can do to help get it closed. You have nothing to loose and MONEY to gain! We Can Provide Financing For A Wide Variety Of Properties.
Our Best program - Stated Income - Stated Assets loans from $100K to $2.0M FICO 675 or above. All we need is 1003 (loan application) and a credit report within 30 days and we will do the rest!
Eligible properties include:
* Mixed Use – These properties integrate residential spaces with commercial uses, such as retail or office space. Often these properties have a ground floor retail store or office with apartment(s) above, all in the same building.
* Multi-Family Housing – We fund residential structures that contain five or more dwelling units in the same building. These multi-story buildings generally offer individual apartments for rent with common area facilities, such as an entrance, lobby, elevator, stairs, hallway, walks or grounds.
* Retail/Office Buildings – This category includes stand-alone buildings such as offices, supermarkets, convenience stores, drug stores, department stores, bakeries, and beauty shops as well as strip centers, and neighborhood and community shopping centers.
* Warehouses/Light Industrial Properties – Single and multi-tenant facilities that are used for warehousing, light manufacturing, distribution, research and development. Does not include buildings where heavy manufacturing or specialized industrial operations such as welding occur.
* Automotive Services – Includes everything from auto repair facilities to retail auto shops and part supply stores.
* Special Purpose/Unique Properties – We will consider all commercial and unique properties that fall within our program guidelines and loan amounts, including funeral homes, campgrounds, trailer and mobile home parks, gas stations and others.
* Hotels/Motels – With our industry knowledge and expertise, we feel we understand the non-flagged world of hotels and motels better than most lenders. Our valuation assumptions are based on facts relative to the specific property.
* Self-Storage Facilities – Now one of the most competitive building classes in the country, these facilities are designed primarily for storage. This category also includes cold storage, RV and boat storage facilities, and truck terminals (transit facilities).
* Health Care – Included in this category are all Assisted Living or Nursing Home types of operations where a license is required to operate the business.
Property Types:
Class I: Multifamily (5 units or more) in NJ (7 units or more) and mixed use (up to 80% LTV)
Class II: Office, retail, warehouse, self storage, mobile home parks
Class III: Light industrial, restaurants (even stand alone restaurants), hotels/motels, automotive services (must clear environmental risk parameters) (On Restaurants) - stated 55% LTV and full doc 65% LTV
Loan Types
* Purchase
* Refinance
* Cash-out Refinance (no limit on cash out)
Loan Amount: $100,000 to $3.0 million
LTV: Up to 80% (CLTV = Matrix LTV)
Fixed Period: 3, 5, 10 and 30 - year fixed rate
Term: 20 year fully amortizing (15, 25 and 30-year amortization available)
Minimum FICO: 675
Minimum DCR: 1.20
Points: PAR
The Advantage
* Simple loan documents
* No loan committees
* Brokers protected
* Impounds required for taxes and insurance
* Quick Closings – 30-45 days!
Documents:
STATED: $100,000 to $2M FICO for Stated is 675
1003
Credit Report
Rent Roll (if Class I or II) Property Types
FULL DOC: $100,000 to $3M - FICO for FULL Doc is 650
1003
Credit Report
Rent Roll
2 years of personal tax returns
‘Brokers protected’
We can issue an LOI within 72 hours
Income Producing Properties ONLY!
Contact us
Dana Watts
Dana@senderracommercialfunding.com
913-367-4996 Office
or
Gerald Biggs
Gerald@SenderraCommercialFunding.com
817-453-6293 Office
http://activerain.com/gee_scfunding
With Offices in California, Kansas, Ohio and Texas
