Summary
We have partnered with a Nationwide Direct PAR Lender to offer small balance commercial mortgages up to $100 Million. We offer easy access to funding with minimum documentation.
Qualifications
Max LTV
80%
Minimum Credit Score
650
DSCR Ratio
None up to $750k loan amount (if 75% LTV). 1 to 1.25 for loan amounts greater than $750k (or 80% LTV)
Eligible Property Types
Multifamily, Mixed Use, Office, Retail, Light Industrial, Warehouse, Self-Storage, Automotive, Mobil Home Parks, Daycare Centers, Restaurants and Bars
Loan Amount
$150,000 to $100,000,000
Reserves
3-12 Months (based on loan amount for 80% LTV). None for 75% or greater LTV
Occupancy Type
Owner Occupied & Investment
Vacancy
Allowed if purchase
Transaction Types Allowed
Purchase, refinance, and cash out
Sourced Funds
2 Months of bank statements