New Conventional Commercial Program Released
Commercial Finance Advisor’s, Inc is excited to announce the recent release of a new commercial mortgage program for business owners, that is non SBA backed. The program has 3, 5 and 10 year fixed rates, with amortization schedules from 15, 20 or 25 years. Loan amounts range from $400,000 to $4,000,000. Lending area is nationwide.
“We are starting to see signs that the commercial mortgage business is returning. The release of this program, which is not subsidized by the government via any type of support such as Fannie Mae or the SBA, is a real sign of it. Conventional banks are starting to come back. And borrowers can get long term commercial mortgage financing without the hassles of these government programs.” Comments Jeff Rauth President.
More Information On Program - GO HERE Commercial Mortgage Program
Interest rates on the program depend on the fixed period of the loan, but start in the lower 5%’s on 3 year fixed loans, upper 5%’s for 5 year fixed and in the mid 6%’s for 10 year fixed rates. Loan to values go up to 65% on refinances or purchases.
“One of the interesting components of this program is that when the fixed period of the loan expires, the loan re-fixes itself for anther 3, 5, or 10 years; whatever was originally chosen. Borrowers do not have to worry about facing a ballooning loan or a quarterly adjusting loan. They are also not forced to refinance their loan when the adjustment occurs. They can simply stay with the loan and incur no costs at all. And if the borrower finds a better loan program elsewhere, they can always move on.” Continues Rauth.


