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April 11, 2012 |
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Lauderdale Lakes, FL |
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$790,000 RETAIL STRIP/CENTER REFI, 5.49%, 10-YR F... |
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April 11, 2012 |
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Plantation, FL |
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$510,000 RETAIL STRIP/CENTER REFI, 4.99%, 7-YR FI... |
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April 04, 2012 |
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Dania Beach, FL |
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$3,900,000 ALF CASH-OUT REFINANCE, 5.50%, 10-YR F... |
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February 22, 2012 |
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Orlando, FL |
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$300K HEALTHCARE PRACTICE START-UP, 6.00% FIXED, ... |
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MultiFamily Conventional Loan Program
Whether an acquisition or a refinance of a MultiFamily Apartment building, 1st Commercial Lending can provide the financing that bests suits your needs. MultiFamily Portfilio loan programs allows for a flexible alternative to Fannie Mae and cmbs options available today.
MultiFamily Conventaional Loan Program Highlights:
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680 Minimum Credit Score |
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Loan Amounts From $750K - $10 Million |
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Low Interest Rates |
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5, 7 & 10 Year Fixed Terms |
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30 Year Amortizations Avialable |
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80% LTV Acquisitions / 75% Refinance / 50% Cash-Out |
Guidelines:
Use of Proceeds
Real estate - Purchase, Refinance and Cash-Out
Standard Loan Structure:
Fixed Terms - 5, 7 & 10 - Years
Amortizations - Up to 30 years
Loan-To-Value - Up to 80% LTV
Stabalization - 12 Months
Cash Flow - 1.30 DSCR
Recourse - Personal Guarantee Req'd
Geography:
FL - Broward, Dade & Palm Beach Counties, Orlando & Tampa Bay Areas
Loan Proposal Issued In 24-48 Hours Guaranteed!
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