Small Balance Commercial Loan General Guidelines
* Please note: All commercial applications MUST be in the name of a business (ie: LLC, Corporation, etc.) and all signers will be the personal guarantee. The guide below is for general description purposes only and does not accurately represent all products offered for smaller loans.
Loan Amounts: $75,000 to $4,000,000
Property types: Multi-Family, Mixed-Use, Retail, Office, Auto Repair, Day Care, Funeral Homes, Beauty Shops, Motels/Hotels, warehouse,
Mobile Home Parks, Campgrounds, Churches, Self-Storage, Dry Cleaner (Drop off only), Recreational properties
Ineligible Properties: Raw land, construction, stand-alone churches or gas stations (although we will lend on auto repair/auto body shops)
LTV: Maximum LTV is 70%.
Credit Scores: 650 Minimum FICO Scores. Any scores below 650 require a reason to request an exception.
Closings: Three to four weeks
Rates: Fixed Rates ranging from 7.5% to 12%. Interest Only rates start at 12.00% and no prepay.
Points: 0 - 3
Fees: Usually No upfront fees
Prepay: Declining 5%-4%-3%-2%-1% Prepay Penalty
States: Restrictions: Alaska, Alabama, Arizona, California, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.
When submitting your application, please send the following information for us to review:
1003 or Commercial Loan Application - Click Here for Application
Credit Report with scores and trade lines
Summary of the deal
Digital pictures of the property (if available)
Rent Roll (if applicable) - Click Here for XLS
Income and Expense Statement on the subject property (if applicable)
Capital Palm Partners, Inc.
8546 Palm Parkway, Ste 240, Orlando, FL 32836
T:) 407-278-1466 | Email: firstname.lastname@example.org
Copyright 2018 Capital Palm Partners, Inc. All rights reserved.