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FASTLANDLOANS.com -Easy Nationwide

Income Producing Commercial:

 Up to 90%CLTV for purchase on commercial properties 100,000 - 3,000,000

Acquisition and Development:

65% LTV on as-is value, Exceptions to 70% may be made with compensating factors and up to 80% after completed value.

Purchase Raw Land:

General rule is 65% on raw land. Exceptions to 80% may be made based if 25 - 30% cash down payments made by the borrower(s). Zoning and exit may influence LTV.   We will allow a seller held 2nd mortgage behind our first.

Improved Land Purchase:

We will lend up to 90% CLTV on improved land. Zoning, use, stage of improvements, number of improvements made, may influence LTV.  50-40-10 - Ask for seller participation program when speaking to a representative.

Lots:

Typically 50% LTV on recorded lots, with exceptions to 70% if on the ocean or fantastic views on a case-by-case basis.

 

FASTLANDLOANS.com - Farms & Agricultural Easy Funding

  • Loans up to 55% of property value (in some cases higher LTVs may be available)
  • No minimum credit history required
  • Minimum loan amount $500000
  • Property worth at least $1 million
  • First liens only
  • Although underwriting criteria is more liberal than for conforming loans, income projections, credit scores, and owner equity are still important factors in the loan evaluation process.
  • Prepayment penalties usually expire in six months
  • Wide range of real estate properties will qualify, including commercial, agricultural, residential (subject to state lending laws) and facilities
  • Interest escrow or interest only plans available

 

620 Credit Score -COMMERCIAL FARM LOANS

  • Highly competitive rates with minimal fees
  • Personalized and experienced loan processing. We know how to maximize your borrowing potential
  • First lien on real estate
  • $200,000 minimum loan
  • Loans to 70% of the value of collateral
  • No prepayment penalty
  • Loans over $1,000,000 qualify for customized rates and terms
  • No maximum acreage limitations
  • Good credit required - Credit Scores over 620 -
  • 3-5 years tax returns to document history of adequate income
  • Requires total debt /total assets ratio no more than 60%
  • Farm Operating Line of Credit available to 7.5 million
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