COMMERCIAL LOAN PROGRAMS
Our company offers many different types of commercial mortgage loans. Below is an overview of the loan programs our company offers to best suit the needs of our Borrowers. Since the circumstances of our Borrowers differ, we offer a number of different ways to quality for our company’s commercial loans.
Interest Only Payment
This is our most popular Commercial Loan Program, since it offers the lowest monthly mortgage payment. It allows for as low a monthly payment as possible to provide for maximum monthly cash flow. This loan program provides our Borrowers low payments and time to make corrective action on their credit or income to later qualify for a lower interest rate loan prior to the maturity of our loan.
Fully Amortized Payment
This loan program provides for a monthly loan payment that will fully pay off our mortgage loan by the end of the loan term. The payments are higher than our interest only loan, but there is no need to provide subsequent financing to pay off the loan.
Partially Amortized Payment
This loan program provides for an additional principal amount added to the monthly mortgage payment that will lead to a partial pay down of the mortgage loan balance over the term of the loan. There will still be a balloon payment due at maturity like our interest only loan program, but it will be less and more manageable. We offer our Borrowers many options to choose from to pay down their mortgage loan balances.
Mortgage Loan Qualifying Options
We offer our Borrowers many different loan qualifying options to best suit their borrowing needs. Some of the most popular qualifying options we offer our Borrowers are:
This is when we use our Borrower’s monthly income to quality for our commercial loan. The income we use to quality can be from income generated from the property we are lending or can be from many other different sources.
Stated Income Qualifying
This is where we calculate our Borrower’s income based on income disclosed to us by our Borrower who might have difficulty documenting their monthly income.
No Income Qualifying
With this unique circumstance we will fund a loan to our Borrower who does not have sufficient current monthly income to qualify in the traditional way but needs fund for a specific situation. Under this situation the loan is structured to be paid back from the sale of the property or by some other option provided by our Borrower