Permanent Commercial
Permanent Commercial
A commercial Real Estate Permanent loan can help business owners finance a property for their business or rental portfolio. Also referred to as a permanent mortgage or permanent financing, a Permanent Loan is a long-term financing vehicle, usually with a 15-30 year maturity period, that is often obtained at the completion of a construction project, frequently used to repay the non-permanent (short-term) Construction or Rehab loan.
Who is it for?
This loan is for you if you are looking to finance a commercial project. Flipper Cash offers permanent loans for Multifamily, Office, Retail, Self-Storage, Industrial, Special Purpose, Mobile Home Parks, and Single tenant. No matter your financial situation we can offer you financing options.
| Terms | |
|---|---|
| Loan Amount | Up to 75% of Appraised Value |
| Origination Fee (Points) | 0% to 5% of loan amount (payable at closing) |
| Interest Rate | 9.99% to 15.99% Principal and interest payments. Interest only amortization also available |
| Pre-Payment Penalty | None after 90 days. 1% if prior to 90 days |
| Term | 5,7,10,15, 20 year terms |
| Time to Fund | As little as 21 days |
| Income Verification | "No Income" options available |
| Qualifications & Requirements |
|---|
| 580 + Credit Score. No Income options available |
| Liquid Reserves (cash, stocks, bonds, money market) must equal at least 4% of the loan amount. Seasoned for two months. |
| Two Years Tax Returns |
| Completed Loan Application |
| $575 Processing Fee |
| $60 Wire/Courier Fee |
| Personal Guarantee worth at least 30% of the loan amount. |
| Borrower must have Debt to Capital ratio less then 90% (As calculated by Total Debts/Total Asset Value) |