At MortgageDepot, we understand that many people who want to invest in real estate also may have credit issues. Credit issues are unfortunately common, and they can interfere with your ability to achieve your goals. While some credit issues may indicate financial irresponsible, we understand that credit can also be damaged due major life events, unexpected issues and other things that may have simply been beyond your control. We offer competitive programs for multifamily and commercial financing for borrowers with credit issues, and through our loan programs, you may be able to achieve your investment goals.
Multifamily, Mixed-Use, Student Housing and Mobile Home Park Financing
At MortgageDepot, we offer excellent multifamily and commercial financing programs, and we finance on properties that are located in major markets throughout the nation. Our loan amounts range from $200,000 to $30 million. In addition, we can finance up to 75% LTV (Loan to Value), and we offer a 3, 5, 7, or 10-year fixed hybrid loan with 30-year amortization. Our pricing is competitive for great deals.
Retail, Office, Industrial, Warehouse and Self-Storage Financing
Our commercial loan program is ideal for borrowers who have credit issues that can be explained with a reasonable story, and it is available for properties in major markets only. Loan amounts range from $750,000 to $1 million, and interest rates are as low as 4.75 percent. This competitive program has no origination fee, and up to 70 percent loan-to-value. You can choose between a 3, 5, 7 or 10-year fixed hybrid with a 30-year amortization.
2-4 Unit Residential Financing
The two-to-four unit residential financing program is available in loan amounts from $500,000 to $2 million. The properties must be in a major MSA, and they must meet a 1.25x minimum DSCR. The borrower is not permitted to occupy one of the units, and the property must close in a business entity, such as an LLC, LLP or trust. If the loan is a cash-out refinance, the funds cannot be used for personal reasons.
Whether you have plans to purchase a new investment property or to refinance an existing property, MortgageDepot has a great range of financing solutions to choose from. Contact our office to discuss your financing needs in detail with one of our helpful Loan Consultants.