Loans: apartment buildings, office, retail, and industrial buildings

“Fidelity Commercial Funding: We fund commercial real estate loans including apartment buildings, office, retail, and industrial buildings (owner-occupied and investor), gas stations and car washes, certain mobile home parks nation-wide. Apartment loans are agency and non-agency, up to 80% LTV ($750,000 and above). Office, retail, and industrial property loans are owner-occupied (conventional and SBA), and investor property loans and conventional commercial property loans can go up to 75% LTV. We also fund hard money and interim (bridge) loans. LOI within 48 hours. Service includes Inland Empire.

Loans – Multifamily, Office, Car Washes & Reverse Mortgages

“Wholesale Capital Corporation: Conventional direct lender on 1-4 unit residential properties in California, including owner-occupied and investor properties. Loans close in 30 days. Fewer requirements and rules than banks. We commonly close loans that banks decline, loan more loan dollars on the same property, and close more easily than banks. Rates comparable with banks. All loan origination, processing, appraisal management, underwriting, docs, and funding is in house and in one office. Regular updates to agents. Effective in hitting short sale deadline dates.“

Earl McCoubrey Expounds On Trailing 12 Statements

Earl McCoubreyIncreasingly, apartment building lenders are requiring T-12 or trailing-12 income and expense statements when financing properties. So, this blog entry is an urgent entreaty to all apartment property owners to begin creating and storing monthly income and expense statements electronically. When refinancing or when a buyer is arranging purchase financing, the underwriting process will be far simpler when 12 monthly statements are readily available.
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