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Go www.BUILDINGSandLOANS.com commercial Developer acquisitions and development
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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