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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 multi
family 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 multi family 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
multi family loan types
may not available in all jurisdictions. The commercial multi family loan programs on this web
page are
subject to change without notice. Our loan programs are for commercial business
purpose only.
Multi Family Loans.
Multi Family Loan - 100% Joint Ventures Financing.
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Reference Number: |
JV 061101 |
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Loan Type:
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Purchase of retail,
multi family, offfice, industrial. |
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Term: |
36 months |
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LTV: |
100 % of the cost of the
property plus any renovation dollars necessary, plus closing costs and
fee expenses |
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JV Split: |
50% |
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Interest Rate: |
6% |
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Max. Loan:
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$25MM |
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Credit:
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Good Credit |
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Experience: |
Good Experience |
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Area: |
Good Markets nationally |
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Borrower strength:
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Borrower has to be
strong in assets (40% of purchase price) |
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Details: |
Lender provides buyer
with an internal low rate for 36 months on properties with an upside
potential and split all monthly cash flows and all gains at
disposition...which could mean selling the property or refinancing it at
or before 36 months. |
Multi Family Loan - 95% CLTV
Non Recourse loan - from $250K with only 600
FICO
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Reference Number. |
MF
061107 |
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Loan Type: |
Permanent Purchase and Refinance loan (non recourse) |
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Term: |
30
year fully amortizing. |
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CLTV: |
80/95
loan to value (seller carry back 2nd) |
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DSCR: |
1.20 |
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Interest Rate: |
2,3,5,7 or 10 year Arm and 30/15 Fixed. |
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Loan Purpose: |
Purchase and refinance. |
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Max. Loan: |
$250,000 to $3,000,000 |
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Credit: |
Fico
based . Can go as low as 600 |
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Area: |
Nationwide |
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Approvals: |
Streamlined approval process. |
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Additional: |
95%
Loans only available on deals > $750k |
Multi Family Loan -
85% CLTV Stated Non Recourse purchase or
refinance loan - from $1 M.
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Reference Number. |
MF
061109 |
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Loan Type: |
Permanent Purchase and Refinance loan. |
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Term: |
10
Year balloon / 30 year fully amortizing. |
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LTV: |
80/85
loan to value (non-recourse) |
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DSCR: |
1.05
-1.07 |
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Interest Rate: |
10 Yr
fixed |
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Loan Purpose: |
Purchase and refinance. |
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Max. Loan: |
$1,000,000 and up |
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Credit: |
Not
credit score driven but requires good credit |
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Doc Type: |
Stated income |
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Area: |
Nationwide |
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Approvals: |
Streamlined approval process. |
Multi Family Loan -
90% CLTV purchase or
refinance - $10 M+. Only 1.05 DSCR required.
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Reference Number. |
MF
061108 |
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Loan Type: |
Permanent Purchase and Refinance loan (Non-recourse) |
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Term: |
10
Year balloon / 30 year fully amortizing. |
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LTV: |
80/5/5 loan to value (2nd mortgage and 3rd true mezzanine loan behind
2nd) |
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DSCR: |
1.05
-1.07 |
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Interest Rate: |
Specific to deal |
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Loan Purpose: |
Purchase and refinance. |
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Minimum. Loan: |
$10,000,000 an up |
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Credit: |
680
FICO |
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Area: |
Nationwide |
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Approvals: |
Streamlined approval process. |
Multi Family Loan -
Purchase or Refinance Loan
$100K - $5 million. -
Streamlined approval process.- Low upfront costs.
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Reference Number. |
MF 061104 |
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Loan Type: |
Permanent Purchase and Refinance
loan. |
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Term: |
Up to 30 year fully amortizing. |
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LTV: |
80% loan to value. |
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DSCR: |
1.20 |
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Interest Rate: |
Fixed rate - 2, 3, 5, 7, 10
year. |
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Loan Purpose:
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Purchase and refinance. |
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Max. Loan: |
$100,000 to $5,000,000 |
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Credit: |
Fico based - Matrix pricing |
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Doc Type: |
Simple loan package |
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Area: |
Nationwide including Alaska and
Hawaii. |
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Approvals: |
Streamlined approval
process. |
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Additional: |
Low upfront 3rd party costs for Appraisal
and environmental |
Multi Family Loan -
80% LTV
variable or fixed loan - Minimum score only 600.
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Reference Number. |
MF 061105
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Loan Type:
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Permanent first
mortgage loans or acquisition financings and refinance. |
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Term: |
1
year * 2/6 * 5/6* Fixed rates |
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Amortization: |
15, 20, 30 years
amortization. |
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LTV: |
Up to 80%. |
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Interest Rate: |
1, 2, 5 fixed and
adjustable rate loan. |
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DSCR: |
1.20 flexible. |
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Loan Purpose:
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Acquisition or
refinance. |
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Max. Loan: |
$125,000 to
$1,000,000 |
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Credit: |
Minimum credit score
600. |
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Doc Type: |
Stated. |
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Area: |
Nationwide. |
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Collateral: |
First mortgage,
recourse loans. |
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Funding: |
45 days after
application. |
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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