We now offer commercial and hard money loans in 50 states ------ (Chicago, IL)

We now offer commercial and hard money loans in 50 states ------

We now offer commercial and hard money loans in 50 states --------------------------------------------- -----------------------------Business Credit The Truth2 Week Closings - Apply for a Hard Money LoanLoan SizeFrom 1 000 000 on the West Coast and 5 000 000 in other areas..LocationUrban and suburban US properties. Major metropolitan areas only..CollateralImproved income producing commercial properties. At this time we ARE NOT lending on residential real estate. (no raw land or construction development projects) .RatesFrom 9.99% - and 4 points..Terms1-3 years interest only no prepayment penalty.Max LTV65% LTV Purchase Value is actual purchase price of the real estate If borrower has down 30 % in cash we ll stretch the LTV maxRefinance Value is Our opinion of the appraised value of real estate for refinances. We have our own review appraiser and principle travel to visit each property..Creative FlexibleBlanket loans points and fees wrapped into the loan multiple income sources considered..Due DiligenceA deposit of about 5 - 6k is required before due diligence process is begun and is credited against the third party costs of underwriting fair market value evaluation fee inspections site visit legal costs escrow etc..Down PaymentThe fee is due upon signing of the Letter of Intent and Term Sheet and cannot be wrapped into closing costs..Flexible Commercial Fully Amortized Loans 45 Day Closings - Apply for a Commerical LoanLoan Size 500 000 - 8 000 000.LocationUrban and suburban US properties.CollateralImproved commercial. No raw improved land construction gas stations car washes or other environmentally risky properties. We are not lending on single family..RatesDeclining Prepayment penalty 20 to 25 year terms 20-25 yr amortization.5 Year fixed from 6.5%10 Year fix from 8% .Max LTVUp to 65% LTV depending on the loan scenarioBased on FIRREA compliant appraisal within past 6 months.Credit ScoreFICO > 650 with no bankruptcy in past 10 yrs..Due DiligenceA deposit of about 5 - 6k is required before due diligence process is begun and is credited against the third party costs of underwriting fair marketvalue evaluation fee inspections site visit legal costs escrow etc..Down PaymentThe fee is due upon signing of the Letter of Intent and Term Sheet and cannot be wrapped into closing costs.We can be ready to fund in 2 to 6 weeks after receipt of these signed documents and due diligence down payment..ManagementOwner occupied Borrower must have experience in the businessInvestors Must have experience in owning managing similar property.Blanket Loans available s www.cubloan.com MARK J.FELIPECUBLOAN GroupFunding Specialistinfo(at)cubloan.com(562) 334-2922Please Visit Our Site s www.cubloan.com