Commercial Second Mortgage

Commercial second mortgages gives owners the option to tap equity with the added benefit of having a fixed rate.  Pull cash out of your property to use as down payment on another investment property, recapitalize your business, or use proceeds as capital to rehab a property – whatever you want.

There are no upfront fees or third party fees on this loan – period.   Borrower literally has no cash into loan.  No appraisal fee, no title fee, no envirormental fee (All costs are paid for by lending bank). Only costs is an origination fee (ranging from 1 - 1.5%, see attached fee agreement), which is received at funding of loan.

Commercial Second Loan:
 

• Fixed periods from 5, 10 or 15 years with amortization schedule at either 25, 30 or 15 years, respectfully – you decide.
• Borrower needs 700+ credit
• Rates currently as low as 6.9% (As of 2/1/08) 
• Low documentation - no tax returns needed. 
• Loan from $200,000 to $500,000 max.
• Loan sits in second lien position (Or first) behind any lender/loan program.
• Letter of Intent/preapproval within 72 Hours.
• Closing typically takes 45 days.
• No financial reporting to Lender like typical bank loan requires.

Whether you need to consolidate business debt, get cash to purchase another property, launch a new venture, whatever, you can make it happen. 

Call 248 885-8797 or click here to Get started now on your commercial second mortgage.

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