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MegaLoanFunding
11903 Middlebury Dr
Tampa, FL 33626
Tel:1-800-879-0284
Fax:813-435-2349
Email
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The commercial
automotive loan programs
described in this web page do not constitute any form of offer to make a
commercial loan or
to make a commercial loan on any particular terms. If you are interested, you must make a
formal written loan application and provide all required documentation. All
information submitted by loan applicants is subject to verification. All
commercial automotive loan
applicants must qualify under our underwriting requirements and satisfy all
contingencies of commercial loan approval. Commercial loan approval will be subject to satisfactory
appraisal, title review and no change in financial condition. Some commercial
automotive loan types
may not available in all jurisdictions. The commercial automotive loan programs on this web
page are
subject to change without notice. Our loan programs are for commercial business
purpose only.
Automotive Loans.
Automotive
loan - A
Simple and Streamlined” 90%CLTV Stated Income/Stated Asset program
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Reference Number. |
AUTO 061101 |
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Loan Type: |
Owner-Operated or Investment
property Purchase and Refinance Stated loan. |
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Term: |
1, 2 and 5 year. |
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LTV: |
Up to 80% loan to value. 90%
CLTV. |
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Interest Rate: |
1, 2 and 5 year fixed rate loan. |
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Amortization: |
15, 20, 25 and 30 year. |
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DSCR: |
0.5% DSCR requirement for owner
occupied properties.
0.8% DSCR requirement for
Investment properties. |
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Loan Purpose:
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Purchase and refinance. |
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Max. Loan: |
$200,000 to $1,000,000 |
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Credit: |
Minimum FICO only 580. |
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Doc Type: |
Documentation is minimal and is
simple and streamlined. Asset verification and income verification not
required. |
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Area: |
Nationwide |
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Underwriting: |
Fast pre approvals within 24
hours. Submission package is so simple and the required documentation is
minimal.
Owner-Operated or Investment properties. |
Automotive loan - 90% LTV gas station.
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Reference Number. |
AUTO061102
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Loan Type:
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Purchase or
refinance. |
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Term: |
5
year ARM or 25 year fixed. |
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LTV: |
Up to 90% purchase.
Up to 85% rate refinance. Up to 75% cash out. These LTV will depend on
credit score. |
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Amortization
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25 years. |
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Interest Rate: |
5 year ARM with
25-year amortization or 25 year fixed fully amortizing. |
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DSCR: |
Minimum 1.25 and 1.5 |
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Loan Purpose:
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Purchase or
refinance. |
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Max. Loan: |
$200,000 to
$5,000,000 |
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Doc Type: |
Simple documents.
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Area: |
Nationwide. |
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Seasoning: |
Business must have
an operation history of a minimum of 2 years. |
Set up an appointment to discuss your loan requirements
Set up a telephone appointment
to talk to a processor who will prepare your loan application for you.
See our complete loan
process.
Our phone number is 1-800-879-0284
Our Email address is
Originator@MegaLoanFunding.com
Introduce
your self and receive updates on this site.
Get your
Unsecured Business Line Of Credit today.
Broker Co-Op Policy
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Loan Products.
Construction.
Office
Building
Multi Family.
Speed
Loans and Hard Money.
Retail.
Land
Development.
Automotive.
Assisted
Living Facility.
Golf Course.
Mixed Use.
Warehouse.
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