cc: by: //flic.kr/p/8ttaHC Last year , SBA began to take applications for the new 504 Refinance program. The program allows small businesses that own their properties to refinance with low fixed rates in the 4’s and 5’s. The Cash out for eligible business expenses up to 85% of the appraised property value (business expenses are limited […]

cc: by: //flic.kr/p/oQZQF4 Multi-family Lending Stays Hot!   What’s Closing at Commercial Capital Limited? For years, multi-family lending has been the darling of commercial lending.  It remains the favored asset class despite years of rallying.  It is not unlike the stock market, just keeps going positive.  FNMA and FREDDIE Mac are the big coveted lenders […]

If you need to use 100% of the appraised value, than typically banks/lenders want you to own the property 24 months.  If you have owned the property less than 24 months,  the lender will use the value  from either the purchase price or percentage of the appraised value.   For the longer fixed term loans, you […]