|
Gas Station (and other “Owner Occupied” property) Financing
–
Flexibility for difficult
transactions. Underwriting emphasis primarily based on real estate
value,
NOT reported income via tax returns or credit scores.
|
Starting Interest Rate |
Prime + 2.25% |
|
Loan amounts |
$200,000 to $2,000,000 |
|
Transaction Types |
Owner Occupied purchases
and Refinances |
|
Documentation |
Full |
|
Minimum credit score |
500 |
|
Credit History |
Problems are acceptable |
|
LTV |
75% (cltv to 90%) |
|
Program Structure |
ARM with a 25 year term |
|
Prepayment Penalty |
Yes |
|
Personal Recourse |
Yes |
|
Property Condition |
Fair to excellent |
|
Regions |
Most national markets |
Restrictions apply. Rates and terms are subject to
change.
|
