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Which commercial loan program is
right for me?
Whether purchasing
or refinancing a commercial property, a commercial loan officer
at Platinum Star will analyze your situation to see which
commercial loan program best suits your needs. Our loan programs
are designed to fit any borrower and/or commercial property type
depending on the circumstances.
Availability -
Must be corporate entity
Loan Type -
Full Documentation
No
Documentation/ No Ratio & Market Rents Available
Minimum Credit Score -
660
Loan Size -
$500,000 Min -$5,000,000 Max
Terms -
6
month, 3 yr ARM, 5 yr ARM, 7yr ARM, 10 yr ARM
Interest
Only Available
Amortization-
30 years
Max Loan to Value Ratio -
80% - with .125% add on
Pre-payment -
6
month & 3 yr = 3,2,1
5 yr =
3,2,1,1,1
7 yr =
3,3,2,2,1,1,0
10 yr =
3,3,3,2,2,2,1,1,1,0
Fees -
Origination Fees vary depending on loan size
Please call for details
Collateral -
First Mortgage on subject property
Loan Type -
Full Documentation
Can be flexible on financials if investor purchase
Need
minimum 3 years operations for owner-occupied.
Minimum Credit Score -
660
Loan Size -
$500,000 Min -$10,000,000 Max
Terms -
6
Month, 3 yr ARM, 5 yr ARM, 10 yr ARM, 15 yr
Amortization-
Multifamily: 30 am/15 term
Commercial: </= 70% LTV= 30 am/15 term
Commercial: >70% = 25 am/15 Term
Max Loan to Value Ratio -
Multifamily: Up to 80% on 5/10 yr; 75% on 3 yr/6
month
Commercial: 75%
Pre-payment -
6
month & 3 yr = 3,2,1
5 yr =
5,4,3,2,1
10 & 15
yr = 5,5,4,4,3,3,2,2,1,1
Fees -
Origination Fees vary depending on loan size.
Please call for details.
Collateral -
First Mortgage on subject property
Loan Type -
Full Documentation
Minimum Credit Score -
600
Loan Size -
$100,000 Min -$3,000,000 Max
Terms -
2
yr ARM, 3 yr ARM, 7 yr ARM
Fixed
Rate & Interest Only Available
Amortization-
15/15,
20/20 or 30/30
Max Loan to Value Ratio -
85% Max
Pre-payment -
Negotiable
Fees -
Origination Fees vary depending on loan size.
Please call for details.
Collateral -
First Mortgage on subject property
Loan Type -
Stated Income/Stated Assets
Minimum Credit Score -
600
Loan Size -
$100,000 Min -$2,000,000 Max
Terms -
2
yr ARM, 3 yr ARM, 7 yr ARM
Fixed Rate
Amortization-
15/15,
20/20, 25/25 or 30/30
Max Loan to Value Ratio -
85% Max
Pre-payment -
Negotiable
Fees -
Origination Fees vary depending on loan size.
Please call for details.
Collateral -
First Mortgage on subject property
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