Portfolio Commercial and Investor Lending (Low Documentation)

-

 



Portfolio Commercial and Investor Lending (Low Documentation)



  • Qualifying based solely on Lease Agreements and/or Rent Schedule
  • No Business or Personal Tax Returns or P&L Statements
  • Loan Amounts up to $5,000,000
  • 30 Year Fixed Rate with Interest Only Option and No Balloon
  • Minimum Fico of 650
  • Lower rates and longer terms than Hard Money
  • Non- Recourse



Property Types


  • Bridge Acquisition and Construction
  • Rental Portfolio
  • Office, Retail, Warehouse
  • Multifamily 5+ Units, Mixed Use
  • Self Storage, Automotive
  • SFR, Condo and 2-4 Units

Nationwide


Feel free to contact me with any questions or scenarios



Visit us at www.McCormickLendingGroup.com


Residential-Commercial-Portfolio-Private Lending 


Bob McCormick, President


 

Toll Free 800-328-0144




14362 N Frank Lloyd Wright Blvd 1000
Scottsdale, AZ 85260

23 Corporate Plaza Dr. #150
Newport Beach, CA 92660







 
 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

Comments

Post a Comment

Popular posts from this blog

Portfolio Underwriting Qualifying (Outside of the Box)

-
Image
We utilize our same low cost pricing model for these loans as well: "Non-QM" Portfolio Underwriting Options  12 or 24 month bank statement income options Asset Depletion for Income Bank Statement Balance = Loan Amount  Alternative Income (1099 only, employment verification form, ITIN) Debt Service Coverage Ratio (DSCR) P&L Only Foreign National  Credit score as low as 620 Loans up to $4,000,000 Contact Us With Any Questions Visit us at  www.McCormickLendingGroup.com Bob McCormick, President   Toll Free 800-328-0144   Email-  McCormickLending@gmail.com 14362 N Frank Lloyd Wright Blvd #1000 Scottsdale, AZ 85260 23 Corporate Plaza Dr. #150 Newport Beach, CA 92660  mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender
Read more

Nationwide Commercial Lending Options (Bank and Non-Bank)

-
Image
Commercial and SBA Lending Not all Lenders are the same.  We know which lenders offer the best option and lowest rate margins for every scenario! For the past 25 years we have utilized our own internal funding or well established partnerships with domestic banks, credit unions, GSE's (Fannie Mae, Freddie Mac), HUD, CMBS, SBA, midsize to large insurance companies, wholesale conduit lenders, portfolio, private and equity capital companies for loans ranging from $50,000 to over $75,000,000+. Programs Offered Conventional and Non-Bank Commercial Fannie Mae, Freddie Mac and HUD  CMBS and Trust Lending  Bridge   and Construction  Portfolio and In-House Private Lending Insurance Company  SBA 7a and 504 Lending  (Plus Working Capital and Equipment Financing) Property Types   Industrial, Multi-Family and Retail Self-Storage and Mobile Home Parks  Office, Warehouse, Mixed-Use, Build to Rent, Fix and Flip and More Feel free to contact me with any questi...
Read more

Why Your Current Loan Servicer or Bank May Not Offer You The Best Rates

-
Image
Low Overhead + Low Margins = Low Rates Without question mortgage rates are a very hot topic..   One common question that  I am often asked  is how I can generally offer a lower rate than the homeowner's current lender/servicer (even though I may have originally closed the original loan for the homeowner with this same servicer)? As a wholesale broker I receive wholesale rates which are generally .25%+ lower than what a homeowner's current loan servicer will offer directly as they price rates as "retail" and not "wholesale". Their hope is that the homeowner does not question the fact the loan servicer is only handling the mortgage payments (most of the time Fannie Mae, Freddie Mac, HUD or VA owns or insured the loan) and a  brand new loan  has to be originated on any refinance.  Ironically, I  work directly and receive wholesale rates from a very well known "automated" lender that advertises day and night on television, internet and the radio throug...
Read more