Presidential Mortgage - Loan Programs

PRIVATE EQUITY LENDING

No credit check

No Income Verification

No Financials Needed

Loan is based on Equity in Investment Property

Interest Only Payments up to 5 Years.

CONSTRUCTION & SPEC LOANS

No credit check

No Income Verification

Interest Only Payments up to 5 Years

May allow 2nd mortgages on Property

HARD MONEY LENDING

Investment Properties only

Loan is based on Equity in Investment Property or other Assets

Can be Interest Only Payments up to 5 Years.

TRADITIONAL COMMERCIAL LOAN PROGRAMS
No loan committee meetings to wait for.
No on-going financial reporting requirements.
Terms up to 30 years for multi-family purchases.

Rates:
Adjustables from 6 mo., 2 yrs., 3 yrs., & 7 yrs.
Fixed 30 yr.

Types:

A) Purchases - Owner Occupied or Investment
Prompt approvals and quick closings are not just important, they are critical. Presidential Mortgage brings the experience and latest technology all in a streamlined fashion to provide you with prompt professional service.

B) Constuction - New or Remodel

C) Refinancing
Consolidate debt or take unlimited cash out of your property. No ongoing financial reporting requirements.

Up to 70% Financing
These loans are available for 5+ family investment properties as well as the following properties:

Mixed Use	Health Care
Office	Hospitality
Retail	Automotive
Self Storage	RV Park
B&B	Industrial
Mobile Home Park	Warehouse
Restaurant	Gas Stations
Day Care	Churches

Interest Only
These loans allow the buyer to pay the interest only portion of a loan for up to 5 years. They are most often written with a balloon payment.

Fixed Rate
This is a popular type of mortgage. The interest rate will remain the same for a predetermined period.

Adjustable Rate (ARM)
This type of mortgage generally starts out with an interest rate lower than a fixed-rate loan. This saves you money early on and may help you qualify for a more valuable property. Your rate is tied to a market index. As the index goes up or down, your payments will also change at each scheduled adjustment period. Terms vary from 6 mo., 2 yrs, 3 yrs, & 7 yrs.

TO QUALIFY:
We utilize a streamlined process similar to residential lending. Timeframes are shortened and fees are lower. Borrower can qualify on personal financial strength, not on property cash flow only. Subject property can be empty. If leased we may include 100% of lease income to help qualify.