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Commercial
Mortgage Loan
Quick Links |
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Flex-Series
Commercial Loans |
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Flex-Series
Non-Conforming
Commercial Loans
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Flex-Series™ is
CommercialBanc's most flexible commercial loan program
offering both owner-occupied and investor property
borrowers up to 90% commercial financing, fixed-rate and
term options to 30 years, and full-doc, low-doc, and
stated income options. |
Flex-Series
Commercial Loan
Program Guidelines
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From
$250,000 - $5,000,000
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Owner-Occupied Properties
or Investor Properties
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Traditional or
Non-Traditional Commercial
Properties
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Full Document, Low-Doc, and
Stated Income Options
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Owner-Occupied Stated Income
Commercial Loans to 90% LTV
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30 Year
Amortizations
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3 Month, 2, 5, & 30 Year Fixed
Rates
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90% LTV on Purchase
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85% LTV on Refinances
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Cash Out
Refinances to 75%
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Cash Out to 40% of
Loan Amount
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Flexible
Prepayment Options
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20% Annual Prepay
With No Penalty
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Low Minimum 1.25 DSCR
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Minimum 600 Credit
Score
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Eligible Commercial
Property Types
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Office Building
Retail - Shopping - Out
Parcel
Office Condominiums
Sales Distribution
Medical/Dental Office
Auto Repair
Day Care /
Vocational School
Improved
Property ≥ 10 Acres
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Warehouse - Distribution
Mixed-Use Commercial/Residential
Light Industrial
Professional Centers
Contractor
Yard
Restaurant
(Non-Franchised)
Convenience
Store (No Gas)
Strip Center
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Ineligible
Commercial Property
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Bar, Night Clubs, Dance
Clubs, Nursing Homes, Assisted Living Facility, Houses of
Worship, Rural or Agricultural, Self Storage, Marinas,
Prisons, Co-Ops, Time Shares, Illegal Use Properties,
Motels, Hotels, Campgrounds, Bed and Breakfast, Gas
Stations,
Restaurant Franchised. |
Flex-Series 90%
Commercial Financing
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Flex-Series™ offers
borrowers the
ability to borrow up
to 90% of a
property's value for
purchase
transactions. |
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90% Commercial financing to
$5 million for full document
owner-occupied properties.
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90% Commercial financing to
$2 million for
owner-occupied properties
for borrowers seeking a
stated income commercial
loan option.
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80% Commercial financing to
$3 million for full document
investor properties.
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80% Commercial financing to
$2 million for investor
properties for borrowers
seeking a stated income
commercial loan option.
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Commercial mortgage
refinance
transactions may
have a reduced LTV
requirement based on
individual loan
program. |
Stated Income
Commercial Loan
Option Qualifying
Parameters
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Flex-Series
commercial loans are
designed for speed,
minimal paperwork,
and expedited
closings. No
personal tax returns
or personal
financial statements
are required. |
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Minimum of 660 credit score
Owner-occupied business must
have two years of verifiable
operating history
Owner-occupied business must
support a combined DSCR of
1.5x
Investor properties
appraisal must support a
minimum DSCR of 1.25
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Commercial mortgage
loan availability may vary
depending state, population, economic conditions, exposure,
and other variables that may negatively influence risk. |
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