Whenever you have a product that no one else has, it really gives you an edge in the marketplace. Well, we are rolling out another one that is going to be a boon to your marketing to business owners. It is an 85% consolidation loan! 85%!
This loan can be used to refinance out of an SBA loan – it is NOT an SBA product. It can be used to pay off business debts. IT CAN BE USED TO BUY OUT A PARTNER! The only stipulation on the money is that it MUST be allocated somewhere; you just can’t pull out cash. The rates on this loan will compete straight up with SBA; right now this deal is in the low 6’s! And for purchases, we can take this NON-SBA Loan up to 90%. 90% LTV, rates in the low 6’s on a 25-year amortization and NO SBA hassles. Sweet!
The deal is a full doc deal; the business must occupy 25% of the building – much better than SBA’s 51%. This is another HOT niche about this product. With this product, you can go owner occupied when a business is occupying say 30% of it. Anywhere else that becomes an investor loan. Another SWEET caveat in this loan. Lehman Brothers used to do that, but of course, not anymore. And possibly the best part, Debt Service Coverage can go as low as 1:1 and we will base that off of 2007 and FY 2008. WOW! This will help you close more commercial. This can be the deal that rallies your commercial volume. This deal is HOT!
Tony DeCresie
Your #1 Source for Commercial & Business Financing
Office: 863-298-8900 or 813-833-3132
Click Below to fill-out a quick loan scenario Pre-Qualification form
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