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Multifamily Mortgage Divisions
Commercial Financing Lender
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Micro Balance Multifamily - Commercial Mortgage LoansNo need to ever worry about refinancing again! - This is a Main Street USA product! - Perfect for the owner user that falls just outside of SBA lending guidelines but, without the wait. Smaller MSA down to 3,000 populations. Investor properties such as Multifamily are also welcomed! Flexible underwriting guidelines, with the ability to cross collateralize, seller held 2nd notes, make this specialized program a gem! Long term 5 - 25 year fixed rates with fully amortized 25 year terms. Adjustable mortgage rates also a possibility. After the close, don't have to worry about bank audits, inspections, or hassles! - Typical close times are 3 weeks, give or take a few days.. We look for real cash and or equity into the deal. NO 100% financing
will be considered or offered. We will give you a quick and common
sense answer. TARGET SPONSOR & DEAL PROFILE:Some of the properties considered are - Multifamily Apartment buildings - Mixed Use - Retail - Office - Warehouse - Self Storage - Auto related business - Day Care - Hair Salon - Liquor Stores - Hotel/Motel, Mobile Home Parks, & recreation properties in most states within the USA. For a complete list of properties considered within this program please follow Markets 3,000 or greater population within city/town limits is the target - The area demographics should display stable or positive population and employment growth. Credit above 600 is preferred however, with understanding of why credit is below, approvals may be granted with reduced LTV's or cross collateralization with other investment homes or commercial property - Prefer solid mortgage history - No bankruptcies within past 2 years! Our Micro Balance Loan product is perfect for the self employed borrower
that writes down expenses on the corporate or personal tax returns. Call us today - 317-663-3153 - Most Commercial Multifamily Apartment Property Types Considered! Micro Balance Multifamily - Commercial General Guidelines:
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Direct Money Lenders has the ability to finance Mobile Home Parks in the following states:
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Don't take our word for it...
"Our corporate owned 10 unit multifamily apartment was too small for any lender to even price. The officers at Direct Money Lenders provided me a competitive long term mortgage loan quote in 48 hours. We refinanced the existing debt, cash out $50,000 for operating capital and closed in 3 weeks!
14th Street LLC, Atlanta, Georgia
"Clear terms, without upfront fees! - Thank you Direct Money
Lenders!"
Jason Roche, Denver, Colorado
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