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“Stated” Commercial Loan Program
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Owner Occupied Properties |
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International Incorporation Services
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Property Types: All commercial property types considered, including land
Lending Area: Nationwide
Loan Size: $750K to $4M
Minimum DCR: 1.05X
Rate Benchmark: Libor/Prime/Swamp
Margin: 300 to 500 Basis Points
Amortization: interest only or 30 years
Term: Adjustable and Fixed 2,5,10,15,20,25 and 30 years
Loan to Value: 90%
Funding Fee: 1-3% out of loan proceeds
Third Party Reports: Phase 1 Environmental Report, MIA Appraisal
Closing Term: 60 days or less
Application Fee: $500
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