Considering purchasing or refinancing commercial real estate valued under $5MM? Take advantage of our Small Balance program that is designed to capture financing oppotunities that were passed on by your depositry lender.
Transaction Type: Purchase, Refinance, &Cash Out Refinance
LTV: 75% Max LTV (based upon asset and location)
Fixed Period: 2,3,5,7,10 and 30 year
Points: up to 2 points (par pricing available)
Loan Amounts: $300,000 to $6,000,000
Amortization: up to 30 Year Fully Amortizing (other amortization options available)
Index: WSJ P
Rate Caps: 2% for the First Year Then 1% periodically
Prepayment Penalty: 5% for Each Year That The Loan is Fixed
Rate Buy-down: Available with additional origination costs.
-Minimum Credit Score: 600
-Expense Deposit Required Fort 3rd Party Reports
-Rate Lock When Loan Documents Drawn
-Impounds For Property Taxes and Insurance Required
-IBS Must Order 3rd Party Reports
Multifamily – Apartment Buildings
Mobile Home Parks
Garage & Auto Repair
Initial Required Documentation Checklist:
Loan Summary Overview form (use the form that best applies to your deal)
Recent Personal Financial Statement
Color photos of interior/exterior of property
Last 2 years business tax returns for project if it is an income producing property
Institutional Banking Services, N.A. CORP
401 E Las Olas Blvd Suite 1400
Fort Lauderdale, FL 33301
Or use our contact form.
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