COMMERCIAL MORTGAGE LOANS MADE SIMPLE

Great News for Investors or Small Business Owners Who Are Interested in Purchasing or Refinancing Commercial Property!

•Small & Large Commercial Mortgage Loans at Competitive Interest Rates
•Commercial Lending for Small Commercial Mortgage Loans Made as Simple as Residential Mortgage Borrowing!

We are offering a revolutionary commercial loan program designed to make small commercial mortgage loans (from $100,000 up to $1.5 Million) as fast and easy as residential mortgages.  This innovative program is actually based on a residential approach to underwriting your commercial purchase or refinance.  Call us and experience how painless commercial lending can be.  As a small commercial property owner or potential investor, this program offers you enormous potential. Our new small-balance commercial loan program was designed specifically to meet the needs of the small commercial property owner.  It may have been difficult to obtain commercial financing in the past, but our new small commercial loan program changes everything.  This program is based on EITHER your good credit OR the property’s cash flow - NOT BOTH! We make it possible for you to buy commercial property with little money down, or to refinance your commercial property to take cash out, or to replace your current interest only commercial loan with our fully amortizing commercial loan for a 15, 20 or 30 year term.  Best of all, this innovative program does not require any mortgage lien on your home.

Some of the Advantages of Our New Small Commercial Mortgage Program Include:

•Minimum credit score reduced to 580 FICO
•Borrow as much as 90% of the purchase price, if FICO mid score is 680+
•Fixed and variable interest rate programs available
•Interest Rate Options:6-month adjustable, 2 year, 3 year & 7 year fixed, and full term fixed rate
•Interest rate lock in for 45 days from conditional pre-approval letter
•15, 20 and 30 year terms available
•Fully amortizing loans, or interest only
•No balloon payment, except on interest only loans
•Interest only program available for A credit borrowers
•Commercial mortgage loans with residential-style underwriting (DTI approach)
•Borrower can qualify by either: Debt to Income approach and Credit Score (Borrower’s ability to make the loan payments)  OR Debt Service Ratio (Property’s ability to make the loan payments)
•Our new small-balance commercial loans are 100% assumable upon sale of the property
•Cash out refinance on commercial property
•No usage restrictions on cash-outs
•Tap equity in current location as down payment for next commercial purchase
•Annual financial re-qualification of the borrower during the term of the loan is not required, as many other commercial mortgage lenders require
•Environmental surveys are usually not required
•Multiple loans to one borrower are permitted
•Lender fee on small commercial loans is only $500
•Other bank fees are capped at 1% of loan amount with max of $5000
•Appraisals from a network of appraisers who charge lower fees than most other appraisers
•This program does not require any mortgage lien on your home
•Pre-qualification letters are issued on small commercial loans (Many other commercial lenders do not issue pre-qualification letters)
•Simple application process
•Fast pre-approvals
•Quick closings - Due to the streamlined underwriting requirements, we are also able to close on your small commercial mortgage loan quickly (usually within 30-45 days
•Competitive interest rates and terms
•Highest level of service that any mortgage professional can offer
•Full documentation is required if the loan is based on the borrower’s credit and DTI
•Stated income commercial loans are available if the loan qualification is based on the property’s Debt Service Ratio

Commercial Mortgage Loans Are Available for the Following Property Types:

Auto Dealers; Auto Repair/Parts Shops; Bakeries; Beauty Shops; Bed and Breakfast; Bowling Alleys; Bus Terminals; Camps; Car Wash; Casinos; Commercial Condominiums; Day Care Centers; Department Stores; Deli’s/Convenience Stores; Distribution Facilities; Dry Cleaners; Factories; Funeral Homes; Garages; Health Care, Hotels/Motels; Industrial Buildings; Laundromats; Marinas/Boat Storage Facilities; Mixed Use (Including Store or Office & Dwellings); Mobile Home Parks; Multi-family (5+ Units); Office Buildings; Outdoor Entertainment Centers; Pharmacies; Recreational Vehicle Parks, Restaurants (Including Fast Food); Retail Stores; Rooming Houses; Schools(for Profit; Self Storage/Cold Storage Facilities; Shipping Depots; Single Room Occupancy Buildings; Stand Alone Retail; Strip Malls, Supermarkets/Grocery Stores; Taverns/Pubs; Trailer Parks; Truck Terminals; Warehouses; and more.

At First Metropolitan Financial Group LLC, we understand the needs of the commercial property owner or buyer  If you are interested in purchasing commercial property, or cashing out the equity in your commercial property for any reason, we have a loan program for you! Call us to discuss our streamlined, innovative small balance commercial lending program, or our traditional commercial lending programs.

Let us help you achieve your financial objectives.  With our residential style approach to small commercial mortgage loans, we can help you refinance or purchase commercial property quickly and without the burdensome lending requirements usually associated with commercial mortgage loans. We also offer commercial mortgage loans at competitive rates for larger loan amounts. Our mortgage experts can help you obtain the right type of financing you need for your commercial property.  Call us now to find out how we can help you.