COMMERCIAL HIGHLIGHTS

• Loan amounts from $100,000 to $5,000,000.
• Close in S Corp, C Corp, LLC or Individual.
• 90% Financing.
• Simple & flexible step-down pre-payment options.
• No Seasoning Refinances- great to get out of Hard Money.
• Down to a 620 credit score.
• Preliminary underwrite to help you structure your deal and properly negotiate numbers.
• No disclosure of your income, employment or assets.
• Do not need to disclose cash to close or reserves.
• Leases not required for monthly lease payments below $1,500
• Rapid issues of LOI (Letter of Intent).

COMMERCIAL TERMS & FORMULAS

Capitalization Rate (Cap Rate): The cap rate is a ratio used to determine value.  The cap rate can vary from market to market.  It may differ based on location, property type and economic conditions.  Lower caps rates typically translate into higher values.

Gross Lease: in this type of lease the landlord is responsible for paying expenses associated with the rental space.

Triple Net Lease: In this type of lease the tenant is responsible for the expenses rather than the landlord.  In a Triple Net Lease the tenant pays taxes, insurance and common area maintenance (CAM).

Income Approach to Value: For the appraisal & determining value we are going to look at the income that the property produces as opposed to the sales comparables.

Effective Gross Income: Annual Gross Income --minus--  Vacancy factor (5%).

Net Operating Income (NOI): Effective Gross Income --minus-- Expenses & Management Fee (5%), Maintenance (5%) & Reserves (2%).