Commercial Mortgage Unlimited

               New Loan Program!

                        Rates starting at 7.95%, 1-2 points,

–                      Nationwide including secondary markets

–                      Core product types (Office, Industrial, Retail, MF), Student Housing, Self-Storage

–                      No ground up construction, no specialty

–                      Loan Sizes from $2M to $30M

–                      Term: Up to 24 months

–                      Prepay:  3-6 month minimum interest guarantee

–                      Close: 10-days

–                      No appraisals required, no dscr requirement, all Borrowers welcome, non-recourse

–                      Up to 75% LTV, no cash flow or credit requirements.  Very asset coverage based

–                      Can include an interest reserve and rehab reserve up to 100% of rehab budget

–                      *Entitled Land (up to 55% LTV in Western States)

Bridge Loans

Some common uses of our funds are:

• Refinance
• Acquisition
• Bridge to HUD
• Cash-out
• Partner buyout
• Bridge to stabilization

We provide quick response and closing capabilities for all financing needs.

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• $1MM-$20MM

• Up to 85% LTC

• First Mortgages

• Mezzanine Loans

• Preferred Equity

• Construction Loans

• GP Co-Investment Capital

Since I am located in NJ the easier deals would be the loan requests in the Tri State Area. Commercial Mortgage Unlimited LLC offers funding Nationwide and offers a very broad range of loan programs.

Here is an example of a lender in the NY-NJ Tri State Area.

Bridge loans in the $500k to $10 million range you could send to us for funding.

We remain focused on making loans in the Northeast U.S. and larger cities throughout the East Coast; lending on multifamily, single family investment properties (including condos and co-ops), mixed-use, retail, office and industrial.

We lend on all types of scenarios, including construction.

Loan sizes ranging from $500,000 to $10 million; LTVs up to 65% (or higher in certain situations); rates starting at 8.75%+ and closings as quickly as two weeks.

A multifamily bridge loan is a financial tool used by commercial property owners to bridge the gap between the moment they get the loan and the moment they can do what they want to do with the property. Multifamily and commercial real estate bridge loan terms are usually between 3 months and 3 years, most landing in the 12 – 24 month range. Now if this seems incomplete as a definition, please forgive the apparent vagueness, it’s just that a bridge loan can be used for so many things and so many reasons.

The most common uses of bridge loans are to quickly purchase a property when all cash isn’t an option. The frequent advantage to bridge loans is that they often close very quickly and are based more on the value of the property than anything else. Other types of loans are often heavily based on the income a property generates and heavy analysis. Because of this lack of necessity of analysis a bridge loan can close much faster than a traditional loan. This however comes at a trade off. Interest rates on bridge loans can be triple or quadruple market rates for conventional financing.

Another use of a bridge loan for a multifamily or other commercial property, would be for a substantial rehabilitation and stabilization prior to getting conventional multifamily funding.. The bridge loan would be used to keep the property financed while finishing up the necessary upgrades and then likely leasing up the property. This can apply to most property types such as multifamily, retail, office, etc.

The gist is that bridge loans are usually for out-of-the-box, one-off type situations. Each borrower may have very unique circumstances, but bridge loans requirements remain pretty consistent at around 65% of the property value and a payoff date usually in less than three years

Depending on where you live and what property type you are funding you have available to you many different lenders.

Some are better than other and it is the job of the mortgage broker to determine which bridge loan lenders are the best.

Bridge Loans are offered when you need money fast and cannot either qualify of wait for a conventional loan. The LTV is more conservative than a conventional loan 65% to 70% LTV and the rates can start at 7-11%  plus 2 to 4 points and yes the deal must make sense.

Most importantly there must be a take out strategy in place within a reasonable period of time.

These loans are for a savvy investor to move quickly to close on a purchase opportunity, or renovate a property to improve the value and income.

Below we are going to discuss a handful of loan programs available.

   Product Description:

• Loan Term:  Up to 3 years
• Loan Amount:  $1m to %50 million
• Lending Area: United States
• Loan to value: Up to 65%
• Interest rate:  7%-11% (Interest only)
• Origination Fee:  1% to 3%
• Prepayment Penalty: Not required
• Closing Time: 1-2 weeks
• Collateral:
• Property types (National) Multi family I Office I Retail I Mixed Use
• Property Types (Core markets) Condo Inventory I Parking Facilities I Urban Land I Luxury residential I Hospitality I Warehouse space
• Lending Scenario’s
• Time sensitive Transactions: 1031 exchange, Expiring Purchase, contracts auctions, partnership buyouts
• Distressed Scenario’s: Bankruptcy bailouts, foreclosure Bailouts, Discounted payoff agreements.
• Value Add:  Construction Loans, renovation Loans, Construction Completion, Tenant Improvements
• Cash out: Non revolving Line of Credit
• Asset Risk: Expiring leases, Non Stabilized properties
• Sponsorship Risk: Foreign Nationals, credit issues, liquidity Constraint

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Second Example of a Bridge Loan Lender:

NY Tri State Area (Brooklyn, Manhattan, Queens and the Bronx)

Here is a Third lender

      Offering real estate lending and investing. Our firm provides loans for short sales, acquisitions, refinancing, REOs, construction and commercial property acquisitions as well as bridge loans. Product types include multifamily, commercial properties, new construction, retail, land, and industrial. We offer quick decisions to meet your financing needs no matter how complex the transaction.

• • BASIC LOAN CRITERIA

• • Term 18 Months

• • Loan Amount$100k to $2.5M+

• • LTV
    

    Up to 70% of the purchase price; Up to 50% Refinance; Up to 50% Cash-Out

• • Property TypesMixed-use; office buildings; apartment complexes (5 units+); retail spaces

• FICO 600

Feel free to email any scenario’s? mark@commercialmortgageunlimited.com

Below is a new lender I have used once with success. All the loan program guidelines I post are from lenders I have used at least once in the past. That is the reason why you would hire commercial mortgage unlimited we are presenting you with lenders who we have screened before and used. I have been doing this for over 16 years and know what lenders are good and what lenders simply either bait and switch or are app fee mills. Please email me your loan request and I will help you attain funding without being cheated.