We're definitely noticing a push to close as many commercial loan deals as possible before year-end. I wanted to give you a quick look at how are finding success with alternative lending solutions from Commercial Capital, LTD right now:
- Bank Statement Program for business owners: We qualify loans with 12 consecutive months of business bank statements, a signed application, and a tri-merge credit report - no tax returns required!
- No Doc Streamline Program: We don't need tax returns, leases, a rent roll, or historical operating statements to close your deal. We do need bank statements to show six month PI reserves. Now can go down to a loan amount of $100,000.00 with this program.
- 30-year fixed rate term for commercial loans: This has been our most popular update in 2019.
- Bridge or Hard Money for purchase for properties like hotels. Many of the 504 SBA loans are not closing hotels due to the CDC's being full with these types of properties.
These solutions can be a great fit for your bank fallout scenarios, so contact me today to discuss your current deals at 512-354-5949 or get started by filling out this form!
Commercial Capital, LTD