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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 office
building 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 office building 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
office building loan types
may not available in all jurisdictions. The commercial office building loan programs on this web
page are
subject to change without notice. Our loan programs are for commercial business
purpose only.
Office Building loans.
Commercial office building loan - 100% Joint Venture Financing.
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Reference Number: |
JV 061101 |
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Loan Type:
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Purchase of retail,
multi family, office, 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. |
Commercial office building loan - 90% LTV Adjustable and Fixed up to $1M
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Reference Number. |
OB
061101 |
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Loan Type: |
Permanent first mortgage loans for
Acquisition and refinancing. |
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Term: |
6
month adjustable, 2,3,7,15,20 and 30 year. |
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LTV: |
Up
to 90% |
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Interest Rate: |
Fixed from 2,3,7,15,20 & 30 Years. |
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Loan Purpose: |
Acquisitions and refinancing. |
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Max. Loan: |
$125,000 to $1,000,000 |
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Credit: |
Only 600 FICO required. |
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Doc Type: |
2
years income and expense statements. Rent roll. |
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Area: |
Nationwide |
Commercial office
building loan - 85% LTV Non-recourse, $1M and
more -
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Reference Number. |
OB 061102 |
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Loan Type: |
Purchase and Re-finance loans. |
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Term: |
3-15 years; 10 years preferred |
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Amortization: |
Generally 25-30 year schedules,
but less can be offered if debt service ratios are met. |
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LTV: |
Will
consider up to 85% for loans over $3,000,000 with 5% in house secondary
financing. |
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Interest Rate: |
3,5 & 10 year fixed rate. |
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DSCR: |
1.25 to 1.30 |
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Loan Purpose:
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Purchase or refinance. |
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Max. Loan: |
$1,000,000 or more. |
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Doc Type: |
Traditional. |
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Area: |
Nationwide |
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Recourse: |
Non-recourse to borrower, except
for the standard carve-outs. |
Commercial Office and medical office Purchase
or Refinance loan from $500K -
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Reference Number. |
OB061103 Office loan. |
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Loan Type: |
Office loan purchase or
refinance. |
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Term: |
5,7,10 plus 15 and 20-year
self-amortizing loan. |
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LTV: |
75% to 80% for refinancing.
Up to 80% of acquisition price for purchase. |
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Interest Rate: |
5,7,10 and 15 (self amortizing)
and 20 (self amortizing) year. 3 year LIBOR floating rate. |
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DSCR: |
1.20 - 1.25. |
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Loan Purpose:
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Acquisition of refinance. |
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Max. Loan: |
Small loan program $500,000 to
$3,000,000.
Large loan program $2,000,000 to $50,000,000. |
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Doc Type: |
Property profit and lost
statements past 3 years and recent 12 months. Current rent roll.
Occupancy rate past 3 years and recent month by month. |
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Experience: |
Experience of key principals
required. |
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Area: |
Nationwide. |
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Recourse: |
Non Recourse. |
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Underwriting: |
Quotes within 2 business days.
Conditional commitments within 10 days of quote acceptance. Closings
approximately 30 days thereafter. |
Commercial office building loan -
Up to 90% CLTV with no
replacement reserve
impounds -
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Reference Number. |
OB 061204 |
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Loan Type:
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Purchase or refinance and cash out
fixed and adjustable rate loan. |
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Term: |
3,5,7, and 10 year. 15 to 30 year
terms on full amortization loans. |
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LTV:
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Up to 75% loan to value. Unlimited
cash out up to 75% loan to value. |
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CLTV: |
Up to 90% CLTV w /seller second
available. Subordinate debt up to 85% CLTV allowed. |
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Interest Rate: |
3,5,7 and 10 year fixed or adjustable
rate loan. |
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Loan Purpose:
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Purchase or refinance. |
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Max. Loan: |
$500,000 to $10,000,000. |
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Reserves: |
No
replacement reserve impounds. |
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Doc Type: |
Traditional. |
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Area: |
Nationwide. |
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Balloon options: |
No-balloon options available. |
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Underwriting: |
Flexibility
with historical income on purchase. |
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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