Thursday, August 7, 2014
InterstateFinancialGroupOnline.com Commercial Immediate Term Loan
InterstateFinancialGroupOnline.com Commercial Term Lending is actively seeking new loans, nationwide. Please reply to this email or give me a ring.
Always looking for more business. -Lloyd
Today's Pricing:
- 3.71% 3 Yr Hybrid, nationwide, 30/10, (both commercial and multifamily)
- 4.38% 5 Yr Hybrid, nationwide, 30/10, (both commercial and multifamily)
- 4.31% 7 Yr Hybrid, nationwide, 30/10, (both commercial and multifamily)
- 10 Yr Hybrid: Please call
Program overview:
- $1-10MM. Nationwide lending platform. Secondary and tertiary markets are welcome here!
- 3, 5, 7, 10 years fixed rate, 25 or 30 year amo, due in 10.
- 75% LTV Multifamily, 70% Commercial (75% LTV for strong deals).
- 1.20x multifamily, 1.25x commercial.
- Office, multi-tenant retail, multifamily, self-storage, light industrial.
- Par pricing on all loans, always. We only work with mortgage bankers and brokers.
- Non-recourse available.
More "niche" aspects of our program:
- Secondary and tertiary markets are okay.
- Faster closings with a technology-driven approach and a Deal Manager portal. Our internal target is 35 days to close.
- As a non-bank lender, we don't mandate "global cash flow" underwriting.
- Step-down prepays. No YM or defeasance.
- Non-recourse available for 25bps to rate.
- Cheaper execution than Life Co or CMBS. $6000-6000 Application Deposit is standard and covers all third party reports. $2500 Processsing. Par pricing.
Please give me a ring or simply reply to this email with your deal.
I look forward to hearing from you! -Lloyd
Lloyd Carrington Jr.
Commercial Term Lending
interstatefinancialgrouponline.com
lloyd@interstatefinancialgrouponline.com
972-891-9364
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