Mixed Use Mortgage Loan Requirements for Southern California Property
Mixed Use Property Commercial Mortgages in Southern California
Minimum loan amount is: $50,000
Mixed use property may consist of apartments and retail stores in the same building, or apartments with dance studio or fitness center in the same building. Most banks and other conventional lending sources often turn down small amount loan requests for mixed use property financing.
Many times the borrower's credit is good and the property is sound and well-occupied. They just don't want to handle a small loan. Because of this many deserving business people do not get necessary loans. Lantern Financial will work with you to close that small mixed use property financing that others will not handle. We work with all credit levels.
|Geographic Region||Southern California|
|Loan function||Loans for purchase, refinance and cash outs of Mixed use properties.|
|Rates||Very competitive - Call for quote.|
|FICO score||We work with all credit levels|
|Loan types||Interest only, partially amortized, fully amortized and fixed rate loans.|
|Loan-to-Value ratio (LTV)||Up to 75 % LTV.|
|Subordinated debt||Seller carry back (2nd) position allowed up to 100% (CLTV).|
|Buyer down payment||As little as 10% with seller carry back.|
|Collateral||Senior or junior trust deed loans available.|
|Appraisal||Appraisal paid out of proceeds - no upfront fees.|
|Fast Commitment and Closing||In most cases, 24 hour commitment and 4 day funding|
Call 1-800-504-0100 Today for a Free Loan Evaluation or better yet, fill out the No-Obligation, Free Application Form to see how we can help your situation.
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Our Ministry financial needs were pressing and immediate; and the means to continue an extensive building project where great but incomprehensible to conventional lending institutions.
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