SteveKnowsLoans recognizes that many people who wish to invest in real estate may also be experiencing credit difficulties. Credit problems are all too frequent, and they can make it difficult to go forward. We recognize that poor credit may not always be an indication of a lack of financial responsibility and that it may instead be the result of unforeseen circumstances. You may be able to realize your investment objectives with the help of our lending programs, which provide affordable multifamily and commercial financing for borrowers with credit difficulties.
Loans for Apartment Complexes, Shopping Centers, College Dorms, and Mobile Home Parks
At SteveKnowsLoans, we finance properties in all the major markets across the country, and our multifamily and commercial financing programs are among the best in the industry. Our loan amounts might go as high as $30,000,000. In addition, we provide a 3, 5, 7, or 10-year fixed hybrid loan with a 30-year amortization and can finance up to 75% LTV (Loan to Value). We offer reasonable prices for high-quality goods.
Commercial Mortgages for Storefronts, Offices, Factories, Warehouses, and Storage Units
To qualify for our commercial loan program, properties must be located in large areas, and we prefer borrowers with credit difficulties that can be explained in a reasonable manner. You can borrow between $750,000 and $1,000,000 with interest rates as low as 4.75 percent. There is no origination cost with this program, and you can borrow up to 70% of the property’s worth. Three-, five-, seven-, and ten-year fixed hybrids are available, with amortization periods of either 15 or 30 years.
Lending for Multifamily Properties with 3 to 4 Units
Loan amounts from $500,000 to $2,000,000 are offered through the program that provides financing for homes with two to four units. The properties must be located in a large MSA and have a DSCR of at least 1.25x. The property must close in the name of a business entity, such as an LLC, LLP, or trust, and the borrower may not live in any of the units at any time throughout the loan term. The funds from a cash-out refinance cannot be utilized for non-business purposes.
SteveKnowsLoans provides a wide variety of financing options, whether you’re looking to buy an investment property or refinance an existing one. Make an appointment with one of our knowledgeable Loan Consultants by calling our office.
Call Steven Jackson at 813-616-9411 now!
