Property types: Apartments, shopping centers, office buildings, industrial buildings, hotels, motels, mobile home parks, mixed use properties, and all types of special purpose properties are considered.
Information needed to evaluate loan request: Income and expense statements for 2 years, color photos of the properties, information about the principals, location map of the properties, name and address of borrowing entity and name and address of the subject properties being used as collateral.
Land loans and buildings and properties that have no existing cash flow and cant demonstrate at least 6 months of cash flow are considered asset based loans and as such rates and terms are different with rates and terms that are commensurate with such risk and principals may very well be asked to pledge additional collateral or support such loan requests with net income from other properties.
Financing for business and real estate owners assets that can be financed include commercial properties and multi-family apartments, equipment,inventory, and accounts receivables.