Commercial Loan Options Available
Need funding and have a solid exit plan, then our loan financing may be your ticket.
We are Direct Lenders to $1M and broker $1M or more projects to our propietary lender partners.
If you are experienced, have done your homework, have a great project and exit plan, we can get you your money fast.
Direct Lender - SBA 504:
Min $250,000 to $5 Million, Owner Occupied Real Estate.
Use for purchases and refinances. No projections, must use historical cash flows. 50% Lender 1st mortgage and 40% SBA 2nd. If SBA Approves, we take the lender portion.
- 51% or more owner occupied
- 620 Min FICO, but 680+ preferred
- 1.2 DSCR & personal DTI must cash flow
- To 90% LTV, the 10% must be personal seasoned funds
We are the Bank, actually want to lend and can and will make quick decisions. Typically 1 week to commitment average 45 days to close.
Direct Lender - Conventional Mortage Loans
Owner Occupied or Investor:
Starting at $500,000, LTV's from 65% - 75%, DSCR 1.20, Am 20 - 25 year, Min credit 680. Fixed Rates
Use for Purchase, Rate & Term Refinancing and Limited Cash Out for justifiable business purposes. Not SBA
Small Balance Stated Income (No Doc) Loans:
$100,000 to $2M, up to 75% LTV, Fixed Rates, 1.25 DSCR, 20 year Amortization, 650 FICO+, no tax returns, quick decisions. Global DTI of min 1 to 1. Can use other income to qualify.
Use to purchase, Refinance and/or cash out
Multifamily Mortgages:
Mortgages from $250,000 to $5, Million Max LTV Purchase 75%, DSCR 1.25, Am 25 to 30 year, Min credit 680 Limited cash out.
Non Recourse at 50% LTV.
SBA 7a:
Can use for owner occupied real estate, start ups and business only loans. The only loan product that can use projections to get approval. Possible refinances, if saves 20% over present P & I payments. Possible cash out to improve business.
- 51% or more owner occupied
- Min 620 FICO, higher is much better
- 1.2 DSCR and personal DTI must cash flow
- Real estate to 90% LTV
- Business only, 80% LTV
- Business only may need cross collateralization
- Great vehicle to purchase name Franchise(s)
- Min loan $150K, Max loan $5M
Our lenders are "Preferred" Banks. Typically 1 week to commitment and 60 days to close.
USDA Business & Industrial:
If your business is in a rural area, a town with less than 50,000 population, this is the answer! Loans start at $300,000, up to $10 Million. Fabulous program for owner purchase, machinery, equipment, FF&E and working capital in one package.
- 51% or more owener occupied
- 650 Min FICO
- 1.2 DSCR
- Real Estate 30 yr AM
- Equipment 15 year AM
- Working Capital, 7 yr AM
- Can do construction
Must have 10% tangible net worth in the business, 20% if a start up, so check your Balance Sheet!
Credit Impaired - Small Balance Commercial Mortgages:
$100,000 to $400,000: Max LTV 65% -70%, DSCR 1.25, Fixed for 25 years, 3 Year Prepayment Penalty, Min Credit 600.
Use for Purchase - Cash Out - or Rate & Term
Hospitality:
Hotels, Motels, RV Parks, Campgrounds.
Independent Motels OK, if strong, pretty and maintained.
$300K to $4M
Fixed rates, 25 year AM
Possible cash out to improve and/or purchase another property
Borrow from your IRA/401K, W/O Tax Problems: Did you know you can borrow from your IRA/401K for business purposes and pay yourself interest (instead of Bankers) without tax penalties? Use your own saved funds for purchasing a business or income producing real estate, refinancing a business or personal loan or to pay down expensive short term, high cost, debts.
Commercial Lines of Credit:
No Doc to $75,000. Must have sterling credit. Full Doc to $500,000. Quick decisions.
If you have used credit cards to finance business, a line of credit will pay them off, cost less and improve your personal credit score.
Why pay interest to the banks, when you can pay to yourself to earn more money to retire on? Eureka!
Factoring:
Old line factor with great service and rates. $15,000 to ? We can educate you on factoring and how to determine if it is right for you. In the right circumstances factoring can can increase your net profits. Worth looking into if unhappy with present factor or new to factoring.
Funding for Purchasing A Franchise:
Many "Franchisors" have lost their normal financing sources. We have lenders ectatic to lend to qualified entrepeneurs for purchasing nationally known franchises.
If you need "start up" financing for your new franchised business, perhaps we can make your business ownership dreams come true..
Securities (Stocks/Bonds) Loans:
No Calls!
Interest only rates from 4% to 5%. Minimum portfolio $500,000. LTVs from 70% to 90%, depending on strength of portfolio.
Normally used as adjuct to provide down payment or to prove liquidity for a large commercial loan.
There is no credit crunch at CMS Funding!
- Call Arthur at 800-381-9827 or 860-946-6637
