Showing posts with label Gas Station with or without Convenience Store Lending. Show all posts
Showing posts with label Gas Station with or without Convenience Store Lending. Show all posts

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