Commercial Owner-Occupied Loan Program

1st Commercial Lending provieds Owner-Occupied Property owners with financing solutions for new acquisitions or refinancing. Whether the borrower is seeking the lowest rate, highest leverage, no pre-payment penalty, or a long-term fixed rate, 1st Commercial Lending can help.

Program Highlights:

	660 Minimum Credit Score
	Loan Amounts From $500K - $4 Million
	65% Maximum LTV / 90% CLTV
	4.75% - 5.75% Interest Rates
	Variable, 3 and 5 Year Fixed Terms
	Up to 25 Year Amortizations Avialable
	Click here for an Owner-Occupied Property Loan

Property Types Considered:

	Office Building		Office Condo
	Retail Building		Strip Center
	Warehouse		Mixed Use
	Medical Office		Light Industrial
Special-Use Properties (add .5 to 1% to rate)
	Flagged Hotel		Automotive
	Adult & Child Daycare		Funeral Home
	C-Store (no gas)		Dry Cleaner
	Assisted Living		Restaurants

Guidelines:

Use of Proceeds

Real estate - Purchase, rate/term refinance, cash-out for property improvements only

Standard Loan Structure

Terms - Adj., 3 and 5 years
Amortizations - Up to 25 years (underwritten to a 20 year amortization)
DSCR Requrements - Minimum property DSCR of 1.30x
Recourse- All loans are recourse
Good Faith Deposit - $5,000 collected at acceptance of Conditional Approval and used for 3rd party fees (ie. appraisal, environmental & property condition report)

Geography:

Nationwide - Preferable locations are urban and suburban areas with population greater than 25,000

Borrowers must be U.S. citizens or eligible legal permant resident alien

Loan Proposal Issued In 24-48 Hours Guaranteed!

Make the 1st Commercial Lending Advantage work for you!