|
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 most borrowers and/or commercial property
type depending on the circumstances.
They are priced
according to the
loan program selected, commercial property type and/or
individual circumstances.
|
$100K to $5M |
|
12
Month MTA |
8.125% |
| 3 Year
ARM |
7.875% |
| 5 Year
ARM |
7.625% |
| 10
Year Fixed |
7.625% |
| 15
Year Fixed |
7.625% |
| 30
Year Fixed |
7.625% |
|
*Multifamily Rates.
Please call for commercial, mixed-use
and light industrial rates. |
Highly competitive rates for commercial and
multifamily loans from $100,000 to $5 million.
Geographical restrictions apply.
- 80% LTV, up to 90% with seller carryback
- Up to 40 year amortization
- 30 year fixed loans available
- Minimum credit score of 640
- Minimal documentation requirements
|
$500K
to $5M |
| 3 Year
ARM |
6.89% |
| 5 Year
ARM |
6.70% |
| 7 Year
ARM |
6.76% |
| 10
Year ARM |
6.80% |
|
*Multifamily Only |
Flexible program with many options available for
multifamily loans from $500,000 to $5 million.
- 80% LTV available
- 1.15 DCR for purchase, 1.20 DCR
for refinance
- Up to 40 year amortization
- 660 minimum credit score
- No Doc/ No Ratio and Market Rents
program available
|
$500K
to $10M |
| 3 Year
ARM |
6.703% |
| 5 Year
ARM |
6.604% |
| 10
Year ARM |
6.745% |
| 15
Year ARM |
6.937% |
|
*Multifamily, please add
.375% for commercial property types. |
Competitive program for larger multifamily and
commercial between $500,000 and $10 million.
- Up to 80% LTV on multifamily, 75%
LTV on commercial
- 1.2 DCR on multifamily, 1.25 DCR
on commercial
- Up to 30 year amortization
- 660 minimum credit score
- Full documentation
|
$100K to $1.5M |
| 2 Year
Fixed |
5.50% |
| 3 Year
Fixed |
7.00% |
| 7 Year
Fixed |
7.25% |
|
*Multifamily, Please call
for commercial. |
Flexible underwriting for commercial loans between
$100,000 and $1.5 million.
- Up to 97% financing available for
“A” credit owner occupied commercial
-
Up to 90% financing available for
“A” credit multifamily/non-owner occupied commercial
- Up to 30 year amortization
- 600 minimum credit score
-
Flexible underwriting
|
$100K to $1M |
| 1 Year
ARM |
8.99% |
| 2 Year
Fixed |
10.25% |
|
5 Year Fixed |
10.625% |
|
*Multifamily, Please call
for commercial. |
Stated Income/ Stated Asset loans for most
commercial property types, loan amounts from
$100,000 to $1 million.
-
Credit Score as low as 600
-
No verification of Income or Assets
-
Up to 30Year Amortization Available
-
Up to 80% financing on multifamily and mixed use. Up to
75% on Commercial property types.
*Please note that the pricing above is intended for
informational use only and could vary depending on the
overall loan scenario. Rates are subject to change. |
