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. |
| Term | 5,7,10,15, 20 year terms |
| Time to Fund | As little as 21 days |
| Credit | 500 and Above Credit accepted |
| Qualifications & Requirements |
|---|
| 500+ Credit. Scores below 620 will require a min 35% down payment (or equity) in property and no open bankrupty. No history of recent foreclosure |
| Liquid Reserves are required |
| No Income required |
| Completed Loan Application |
| $575 Processing Fee |
| $60 Wire/Courier Fee |
| Personal Guarantee is required |
| Loans can be made on Investment or business properties only. We do not finance primary residences |