COMMERCIAL LOAN
PROGRAMS
No loan committee meetings
to wait for.
No on-going financial reporting requirements.
Terms up to 30 years & 40 years for multi-family purchases.
Pre-Approvals in 48 hours.
Rates:
Adjustables from 6 mo., 2 yrs., 3 yrs., & 7 yrs.
Fixed 30 yr. with rate declining .5% every 5 years.
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 90% 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 3 years. They are most often written with
a 10 year balloon.
Fixed
Rate (up to 30 yrs)
This is a popular type of mortgage. The interest rate will remain
the same for up to 30 years. With prompt payment history the
rate will decrease .5% every 5 years.
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
will include 100% of lease income to help qualify.
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