Monday, January 16, 2012

Gas Station with or without Convenience Store Lending

Loan Program # 1

Territory          Nationwide
AMNT              $100k - $2M
LTV                 65%
INT                 10 - 15%
PTS                 3 - 6
TRM               12 - 36 months
PPP                None
CRDT             Not FICO driven

Bridge / Hard Money Loans / SBA Fallout  - Looks usually at O/O Commercial
Trophy Homes: AZ, CA, CO, FL, ID, HI, NV, NY, OR, UT, WA
Construction / Construction Completion $1M and up, SE & SW $200k and up


Loan Program # 2

TRTY            ID, WA                        Nationwide
AMNT           $50k - No Max            $300k - No Max
LTV              70%                            70%
INT               9 - 15%                      12 - 14%
PTS              2 - 6                            4 - 5
TRM             12 - 36  months          12 - 36 months
PPP               None                          None


Loan Program # 3

TRTY            National         
AMNT           $25k - $2M
LTV              65%
INT               10 - 14%
PTS              3 - 6
TRM             6 - 24 months
PPP              No
Credit           No score requirements

Stated and Full Doc to 65% LTV
DSCR may be relevant in some cases


Loan Program # 4

TRTY           Nationwide
AMNT          $100k -  $5M
LTV             50 - 70%
INT              10 - 15%
PTS             2.5 - 6
TRM            15 / 30 
PPP             None

Will not lend on 1 - 4 unit apartment buildings

Multifamily, Apartments, Mixed Use, Office, Retail, Warehouse,
Industrial, Shopping/Stip Centers, Storage, ALF, Mobile Home Park,
Auto Repair, Restaurant, Daycare, Funeral Home, Gentleman's Club,
Gas Stattion, Motel, Church, B & B, Golf Course, Dary Care, Other

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