Platinum Star Financial
secures financing for commercial properties
within two categories.
SMALL
BALANCE COMMERCIAL
Our small balance commercial
programs serve most borrowers with loan
requests from $100,000 to $5,000,000.
Through these select programs, we offer no
personal documentation loans, 90% loan to
value loans, stated income loans, second
mortgages and lines of credit up to
$500,000.
These programs are very
competitive and allow borrowers the
opportunity to reduce their closing costs
when compared to large balance commercial.
Please click here to
view rates.
To submit a loan scenario
please
click here.
LARGE
BALANCE COMMERCIAL
Our large balance commercial
programs start at $2,000,000. Generally, the
following property characteristics must be
in place:
-
class "B" or better
property
-
a debt service coverage
(DSC) of 1.20x+
-
actual and trailing
vacancy factor of less than 10%
-
3 years of operating
history unless newly constructed
These programs offer the
following:
-
competitive spreads based
on Treasury for fixed loans and LIBOR
for short term loans
-
typically 80% LTV; with
mezzanine financing up to 90%
-
non-recourse
-
commitment fees typically
less than 1.00%
-
up to 30 year
amortizations
This program is quoted on a
case by case basis. Platinum Star Financial
secures financing as a correspondent lender
with over 70 conduit lenders and life
insurance companies throughout the United
States. Our process assures the best
possible financing by using our industry
knowledge to understand the lender's
appetite for any particular scenario at any
given time. Our negotiation skills combined
with our lender relationships allows the
borrower to tap into a very competitive
source of financing.
To submit a loan scenario
please
click here.
