Commercial Loans Florida - Property Types
Multi-Family
Rates start at 3.750% on our 30 year FIXED, 5/1 ARM & 10 year Interest Only
• Investment Non-owner occupied ONLY
• SFR, 2-4 Units, 5-8 Multifamily and Mixed Use properties
• Loan amounts from $150,000 to $ 2,500,000.00
• No personal income verification
• Qualifying based on property income and expenses
• DSCR as low as .75x on 1-4 properties; min 1.0x on MF and MU
• If property is currently vacant, we will use market rents for DSCR calculation.
• 6 months reserves for the subject property only with last 2 month’s asset statements
• Flexible Prepayment Penalty – 5 to 1 year PPP (6 months interest)
Commercial Loans Florida
No Docs
- No for tax returns, bank statements, leases, rent rolls, or historical operating statements
- 6.125% +
- $100K - $300K
- LTV Max 75%
- FICO 650 +
- Min. DSCR (700+): 1.15
- Investor or Owner-occupied
- Purchase, Cash-Out, Refinance
- 5 ,7 , 10-yr Hybrid
Lite Docs Investor
- No tax returns or 4506T required
- 6.00% +
- $250K-$2 Million
- LTV Max 80%
- FICO 650 +
-
Min. DSCR (700+): 1.15
Min. DSCR (<700): 1.20 - Investor or Owner-occupied
- Purchase, Cash-Out, Refinance
- 5 ,7 , 10-yr Hybrid, 30-yr Fixed
Low Rate Program
- FULL Income Docs or Bank Statements
- 5.75% +
- $250K-$5 Million
- LTV Max 80%
- FICO 650 +
- Min. DSCR (700+): 1.15
- Investor or Owner-occupied
- Purchase, Cash-Out, Refinance
- 5 ,7 , 10-yr Hybrid, 30-yr Fixed
Low Rate Program
- FULL Income Docs or Bank Statements
- 5.75% +
- $250K-$5 Million
- LTV Max 80%
- FICO 650 +
- Min. DSCR (700+): 1.15
- Investor or Owner-occupied
- Purchase, Cash-Out, Refinance
- 5 ,7 , 10-yr Hybrid, 30-yr Fixed