Commercial Loan Update
Peter Richard
Commercial Mortgages - We close the tough ones. Difficult property types and problem credit issues.
In need of commercial financing?????????? Purchase or refinance.
If you have a property you wish to finance, we have a program for every scenario.? Credit problems are not that big an issue.
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All types of commercial and residential investment properties can be considered including Land, Condo Development, Multifamily, Hospitality, Office, Retail, Special Use, One – Four Family, Automotive Property, Self-Storage, Hospitals, Marinas, and Mixed Use properties.
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Small fix and flips
We offer up to 90% of the cost and 100% of the renovation based on a 65% ARV.? We can use your appraisal and close within 7 days.
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Stabilized Multifamily and Mixed Use Properties
$1 MM and up.
10 year money starts at 6.2%*. ??Many programs offer interest only for the first 3 years.? Limited documentation.? LTVs up to 80%.? Non-recourse.
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Foreclosure Bailout Program
Rates can start in the 11% range LTVs up to 65%.? Loans up to $2.3 MM.? Product is stated and all credit scores qualify.? Closings can be in as little as 1-2 weeks.
Creativity, Flexibility and Diversity of loan products get your deals closed.
All rates subject to change.? Call today for a specific quote on your loan scenario.
Contact Peter (516) 581-5151???? PLCCNOW.COM ??