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Author Topic: Max LTV for commercial financing??  (Read 16027 times)

Offline silverhilljohn

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Re:Max LTV for commercial financing??
« Reply #30 on: May 12, 2006, 09:03:34 am »
We got rid of the declining pre-pay on the long term fixed loan, boosted our max loan amount to $1.5M, offering 85% LTV with A- credit, giving a reduction for lower LTV deals with A credit and good DSCR, giving 80% 30 amortizations on Tier 3 properties, and 75% 30yr ams on Tier 4 properties.  No defeasance, no yield maintenance, I believe it is a straight forward program.  We are not built for the buy/fix/flip 6 months later borrower, our focus is on moderate long term positive cash flow investors that may way to purchase more than one property, thus the 10% down.  When our brokers understand the products, the market to the correct investors, the results are very good.  When we see a borrower that is only hunting for the best rate and does not look at the entire scenario, we watch lots of train wrecks occur.

 




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