Micro Balance Multifamily - Commercial Mortgage Loans

No 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:

Eligible Properties Purchase - Refinance - Cash out - Working Capital - FLEXIBLE UNDERWRITING
Minimum Loan Size $50,000 - $500,000
Pricing 8.99% - 12.99% Interest only - 0% - 4% Origination points (paid at closing)
Loan Terms 5 - 25 year fixed term - 25 year amortization schedule - Adjustable rate option
Prepayment Penalty YES - Declining - 5-4-3-2-1%
Personal Guarantees YES - All grantors with greater than 20% ownership of the building
Loan-to-Value 70% AS-IS maximum LTV- As completed LTV is NOT considered
New Equity (cash) Requirements NO new cash equity requirement for refinance or cash out - Purchase minimum - 15% - 20% - Seller allowed to carry/subordinate/bridge the remaning LTV/LTC gap once approved.
Third Party Reports Appraisal - Collateral value opinion
Phase I environmental report insurance
DML Property inspection (required)
ALTA land survey
Preliminary Submission Package For Micro Balance Commerical - Multifamily Loans: 1. Well written summary OR our online application - Top of page
2. Representative color photographs OR older appraisal
3. Current, detailed Rent Roll, including the unit mix
4. Historical & YTD operating statements
6. Sources and uses
7. Resume or Bio

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