Type of Loans

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REFINANCING The SBA 7a Loan. 7a Loans allowed a justified cash out for working capital, renovation or to buy out a partner, all has to be specifically in documentation, for working capital what will be the purpose of it (Marketing, HR, Material, Etc..), the renovation accompanied with  a GC quote, and the buyout partnership with an agreed price in a buyout agreement or LOI. The loan is recourse, our lenders lend from $500k to 5 millions. Loans can be fixed or variable, for 25 years with rates between 6.5% and 7.5% fixed and floating prime +1% to 3%. There is a 3 year prepayment penalty.

FINANCING The SBA 7a. 7a Loans are LTV 80% to 90% financing as long as the DSCR of the 80% or 90% loan is 1.25. The loan is recourse, our lenders lend from $500k to 5 millions. Loans can be fixed or variable, for 25 years with rates between 6.5% and 7.5% fixed and floating prime +1% to 3%. There is a 3 year prepayment penalty.

REFINANCING SBA 504 Loan. 504 Loans offers 100% refinancing loans. This program is a combine of two mortgages. The federal government via a CDC lend a % of the money (money go to the bank) and the Bank lend the majority of the money that the client needs. Combine rates can be between 6 -7.5%. Typically a sba 504 is for loan over 5M, tho there is banks that can do as low as $1M to up to 20M. Is a recourse loan and the prepayment is for 10 years.

FINANCING SBA 504. 504 Loans are LTV 80% to 90% financing as long as the DSCR of the 80% to 90% loan is 1.25.. This program is a combine of two mortgages. The federal government via a CDC lend a 40% of the money (money go to the bank) and the Bank lend 60% of the money that the client needs. Combine rates can be between 6 -7.5% fixed for 25 years. Typically a sba 504 is for loan over 5M, tho there is banks that can do as low as $1M to up to 20M. Is a recourse loan and the prepayment is for 10 years.

REFINANCING CMBS conduits Loans, Start from $5M for hotels for brands Marriott, Hilton, Hyatt, IHG with interior corridor. Can be up to 100% refinancing,  non-recourse loans (no personal guarantee), loans are assumable, allowed Equity Cash-Out without restriction, no minimum credit score, rates are below 7% fixed for 5, 7, 10 years term and 25 to 30 year amortization. The LTV is 60-70%. Properties must be stabilized with historic cash flow to support mortgage payments at 1.35 DSCR for the past 2+ tax returns.

FINANCING  CMBS conduits, Start from $5M for hotels for brands Marriott, Hilton, Hyatt, IHG, with interior corridor. Can be up to 60-70% financing,  non-recourse loans (no personal guarantee), loans are assumable, no minimum credit score, rates are below 7% fixed for 5, 7, 10 years term and 25 to 30 year amortization.  Properties must be stabilized with historic cash flow to support mortgage payments at 1.35 DSCR for the past 2+ tax returns.