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We are a direct lender offering purchase and refinance mortgages for commercial real estate nationwide. Loans terms vary by program and borrower qualification. The following is a matrix of programs we offer:
|
MRC Quick Doc |
MRC FNMA |
MRC BRIDGE |
| Loan Amount |
$100k - $2.5M |
$750k - $5M |
$250k - $10M |
| Max LTV |
80% |
80% |
70% |
| Documentation |
Stated |
Full |
No Doc |
| Index |
Libor |
Treasury index |
N/A |
| Property Types |
MF / MU / RE |
MF / MU |
All property types* |
| Locations |
Most Metro Areas |
Most Metro Areas |
Most Metro Areas |
| Min DSCR |
1.0 -1.2 |
1.2 |
N/A |
| Purchase/Refi |
Purchase & Refi |
Purchase & Refi |
Purchase & Refi |
| Amort |
Fully Amortizing |
Fully Amortizing |
Interest Only |
| Recource |
Full |
Full |
Full |
| Prepayment |
Yes, varies |
Yes, varies |
Yes, varies |
Key: MF-Multifamily, MU-Mixed Use, RE-Retail.
*Financing requests for special purpose properties are reviewed on a case by case basis |
