Small Balance Commercial Loans Are Available
Here is an Overview
Loan Size: Ranging from $90,000 to $500 Million
Loan Terms: Offered as either a 30-year fixed-rate or a 5-year adjustable-rate mortgage (ARM)
Amortization: Available for 15, 25, or 30 years
Loan Purposes: Purchase, cash out, or rate & term refinance
Maximum Loan-to-Value (LTV): 80% for purchases, 75% for refinances
Minimum FICO Score: 650
Income Qualification:
- Full Documentation: Required for the best rates
- Lite Documentation: No tax returns needed
- No Documentation Streamline: No tax returns, bank statements, or operating statements required
Borrower Eligibility: Open to both individuals and business entities
Eligible Property Types:
- Multifamily
- Mixed-Use
- Retail
- Office
- Light Industrial
- Automotive
- Mobile Home Park
- Warehouse
- Self-Storage
- Restaurant/Bar
- Daycare Center
Exclusions: No rural properties allowed
Property Requirements:
- Stabilized properties only, with a minimum occupancy of 75% and no rehab or deferred maintenance required
- Long-term financing options available, with no short-term or bridge loans offered
Population Requirements: Limited to properties located in the top 300 Metropolitan Statistical Areas (MSAs)
Servicing Residential Investor’s in the following States, AL, CO, FL, HI, IL, IN, IA, KY, MD, MS, NE, OH, OK, PA, SC, TX, DC, WA, WI, WY.
Servicing Commercial Investor’s in the following States, AL, AZ, AR, CO, CT, DE, FL ( only if closing in a business entity), GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NH, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA,WA, WV, WI, WY.
Ready to take the next step? Contact one of our knowledgeable Loan Officers today at 800-662-8794.
Advance Capital Funding is here to guide you through the financing process with expertise and efficiency.