Bank Turndown "Low Doc" Investor and Commercial Lending
According to recent reports, while exact figures vary, a significant portion of commercial real estate loans are currently being denied by banks, with some estimates indicating that around half of loan applications are being rejected due to tightening lending standards and concerns over market volatility, particularly in the office sector; this is largely driven by rising interest rates and potential property value declines.
We offer:
Portfolio Investor and Commercial 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
- Non- Recourse
Property Types
- SFR, Condo and 2-4 Units
- Bridge Acquisition and Construction
- Rental Portfolio
- Office, Retail, Warehouse
- Multifamily, Mixed Use
- Self Storage, Automotive
* Options Available up to $45,000,000
Feel free to contact me with any questions or scenarios
Bob McCormick, President
Toll Free 800-328-0144
Visit us at www.McCormickLendingGroup.com
Residential-Commercial-Portfolio-Private Lending
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