Commercial Mortgage

Minimum FICO score of 660 is required
Loan amounts from $150,000 to $20 million
Only Tier 1 properties are eligible
Loan-to-Value (LTV) ratio up to 70%
Minimum Debt Service Coverage Ratio (DSCR) of 1.20
Applicable for multi-family, industrial, warehouse, office, retail, mixed-use, and self-storage properties
Prepayment is required
Global underwriting is necessary
Requires 2 years of both business and personal tax returns
Impounds are mandatory
Suitable for both owner-occupied and investment properties
Liquidity is a requirement
Interest rates range from 6% to 7% nationwide
Can be closed in either an entity or individual name
Property must be free of environmental issues
Property must be stabilized before closing