2015 Estimated Rates & Terms As a private money lender, so our rates and terms vary with each transaction. Here are some general guidelines we follow: Commercial Mortgage Loans 10.9%-15.9%* for the first 3-5 years. Adjustable semi-annually for 10 years thereafter. Index- Five year constant Maturity Treasuries *Higher start rate for older, less attractive properties. Terms: 2.0 to 3.5 points + $950 (maybe 1.75 points for a gorgeous property less than 10 yrs old) 15/15 or 30/15 No prepayment penalties!! Assumable Minimum loan amount- $100,000/ Maximum loan amount- $2,500,000 * we can do smaller loan sizes on a case by case basis * Loyd Carrington Jr 972-891-9364 Loan-To-Value Ratio: We Allow Junior Financing up to 80%-85% CLTV! 65% maximum LTV on rental-type commercial properties: Apartment Buildings (5+units) We can finance 1-4 family dwellings (N/O/O) Office Buildings Retail Buildings Strip Centers and Shopping Centers Industrial Buildings and Warehouses Mobile Home Parks and Trailer
http://lacjcapital.net/2015/09/14/need-a-commercial-loan/
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