Commercial Hard & Soft Money Loans - Areas we Serve - Nationwide

Apartment Buildings 

Mixed Use Buildings

Retail/Office

Warehouse/Office Buildings

Day Care

Hair Salons

Funeral Homes 

Auto Repair Shops

Hotels & Motels 

Storage Warehouses

Hard Money Loans

Loans from $100,000 to $10,000,000

Non-Credit Based - Loans up to 70% LTV

Purchase - Refinance  - Cash Out

12 to 24 Months  Interest Only - No Pre-Payment Penalty - Rates range from - 9% to 12% 

Based on Qualifications

Soft Money Loans

Loans from 100,000 to 10,000,000

15 to 25 Year Terms

Rates  range from 6%  to 10 % 

Based on Qualifications

Loans up to 85% LTV

Purchase - Refinance - Cash Out

1. Loan Application Document Checklist

2. H & H Loan Submission Form

3. Executive Summary

4. Loan Application

5. Credit Report Authorization

6. Rent Roll

7. Renovation Budget

 Soft Money - Document List

• 2 Years of tax returns
• CPA prepared financial statements
• Personal financial statement for all guarantors
• Project plans and elevations
• Environmental report
• Appraisal
• Draw Schedule - (Renovation or Construction)
• Sources and Uses budget
• Articles of Incorporation
• Operating Agreement
• Certificate of good standing
• Surveys
• Engineering reports
• Permits

1 - 4 Units Residential

Single Family Residence

Town Homes

Tear Down & Build

Development Projects

Fix & Flip Loans - up to 70% of ARV

Loans from $100,000 to $5,000,000

9% to 12% - Interest Rate - Based on Qualifications

12 months- Interest Only - No Pre Payment Penalty

Residential Rental Property Loans

Loans for 100,000 to 2,000,000

5.5% to 9.5% Interest Rate - Based on Qualifications

No Income Docs - Rental Income used Only

Purchase - Refinance - Cash Out

Cash Out using Appraised Value  - 30 Days

1. Loan Application Document Checklist

2. H & H Loan Submission Form

3. Executive Summary

4. Loan Application

5. Credit Report Authorization

6. Rent Roll - If Applicable

7. Renovation Budget

Industries we Fund 

• Assisted Living 

• Auto Parts Retail 

• Auto Repairs 

• Bail Bonds 

• Bakeries 

• Bars 

• Bed & Breakfast 

• Beverage Stores 

• Bridal/ Tuxedo Stores 

• Car Wash 

• Cellular Phone Stores 

• Chiropractic 

• Convenience Stores (no gas)

• Dance & Music School

• Deli’s (no seating)

• Dog Kennel/Doggie Day Care

• Dry Cleaners

• Educational Services

• Equipment Rental

• Eye Care

• Fashion Accessories

• Florists

• Gift, Card & Novelty

• Hair Salon/ Spas

• Hardware Stores

• Health Care

• Hotels & Motels

• Jewelry

Cash Advances from $20,000 to $500,000

Documents Needed to Qualify 

1.) Completed Application
2.) 4 most recent months of bank statements
3.) Average monthly deposits $20,000 and the minimum average > $0
4.) There is a maximum of 5 overdraft days per month.

5.) Proof Mortgage/Lease Payments paid last 3 months
 

Business Qualifications
1.) Be fully operational for at least 4 months
2.) Process a minimum of $4,000 per month in credit card transactions or have average monthly sales of $20,000 or higher.

 

Cash Advances from $20,000 to $500,000

Documents Needed to Qualify

1.) Completed Application
2.) 4 most recent credit card processing statements -- Merchant Account
3.) 2 most recent months of bank statements
4.) Proof Mortgage/Lease Payments paid last 3 months 

 Business Qualifications  

1.) Be fully operational for at least 4 months 

2.) Process a minimum of $4,000 per month in credit card transactions or have average monthly sales of $20,000 or higher. 

The eligibility requirements to apply for a $500,000 to $5,000,000 SBA 7(a)  are:

• Time in business must be above 2 years
• The business owner’s personal credit score must be above 675
• The real estate must be majority owner-occupied, i.e. at least 51% of the square footage of the property you’re buying must be occupied by and used by your business
• Sufficient business and personal cash flow to service all debt payments, demonstrated by 3 years of tax returns and interim financial data

You can use this loan for purchasing or renovating commercial real estate or for purchasing equipment.

Here’s exactly how the SBA defines use cases:

• The purchase of existing buildings
• The purchase of land and land improvements, including grading, street improvements, utilities, parking lots and landscaping
• The construction of new facilities or modernizing, renovating or converting existing facilities
• The purchase of long-term machinery

.

1. Pre-qualify for an SBA 7(a) Commercial Real Estate Loan from $500,000 to $5 million.

2. Provide financial information about your business and its owners. 

3.  Accept Your Letter of Intent

You will receive a non-binding letter of intent (LOI) outlining details of the SBA commercial real estate  loan.

4. Conduct Property Valuation

During the SBA commercial real estate application process, the property you’re interested in will be valued.

5. Get Funded