• sales@directmoneylenders.com
  • 800-838-1889

Small Balance – $500k – 5M – No Tax Returns Required

  • Home / Small Balance – $500k – 5M – No Tax Returns Required

Commercial Loan & Refinance Lender - Small Balance

Most commercial property types are considered. Those applicants who quailfy, will be offered either low, fixed mortgage rates or permanent long term financing. We also offer direct “in house” underwriting approvals for shorter term, bridge financing solutions. Stated income mortgages for most any commercial income producing property located in average to above-average locations on a Nationwide basis.

Commercial mortgages ranging from $500,000 – $3,000,0000. Direct Money Lenders offers a few advantages over your local bank. We underwrite to about a dozen underwriting buckets and can normally place you into one of our programs based on your unique situation.  We have established excellent, long term relationships with reliable lending institutions.

Our reputation is untarnished within the lending community. Turn times are reasonable and our expertise can’t be beat.  Stated Income Mortgages used for – Purchase – Refinance – Cash out!

During 2017 Direct Money Lenders will continue to be active by providing small balance commercial loans in most US markets.

Direct Money Lenders does not charge any upfront fees prior to Loan Terms and you will be given a quick and HONEST answer.

humanlending-e1431696924438

Small Balance Commercial Refinance General Guidelines:

Eligible Properties Retail – Office – Mixed use – Self Storage – Warehouse – Light Industrial – C-Store – Church Financing – Professional office – Owner User – Investor Properties SFR’s (1-4 unit)
Pricing 6.99% – 11.99% Interest only – Fully amortized – 1% – 3% Origination points (paid at closing)
Minimum Loan Size $100,000 – $3,000,000+
Pricing Tiered pricing based on LTV and DSCR
We can work with many document types and FICO scores
Loan Terms 3-5-7-10-25-30 year fixed terms with 20 – 25 – 30 year amortization
Prepayment Declining
Personal Guarantees Recourse
Minimum DSC 1.0 – 1.35
Loan-to-Value 75% maximum – Higher for Credit Tenant
Occupancy Requirements Stabilized or not stabilized properties considered – 12 month trailing cash flow should support minimum DSCR requirements for max LTV.
Third Party Reports Appraisal
Phase I environmental or insurance
Property inspection
ALTA land survey
Preliminary Submission Package For Commercial Mortgage Financing: Include the following in your request for a commercial mortgage quote:
1. Property description, address, & current debt structure – Well written summary
2. Representative color photographs – (6 – 7 preferred)
3. Operating statements – YTD & prior – (2 – 3 years preferred)
4. Personal and business tax returns – (2 – 3 years preferred)
5. Current rent rolls
6. Sources & uses
7. Sponsor’s resume