Commercial Loan Center

Mark Burnette - Loan Originator
256-713-1500 (Office)
256-713-1508 (Fax)
256-508-0377 (Direct/Cell)

Dear Commercial Realtor,
We are pleased to announce our new commercial programs. These additional product types are a great addition to our existing line of apartment loan programs.

COMMERCIAL PROGRAMS
Loan amounts: $500,000 to $3,500,000
Loan to value: 80% purchase, 75% cash out
Purchase: 85% CLTV with seller second
Terms: 6 month, 3,5,7,10 year ARMS, 30 year amortization
680+ credit score
Rates and terms depend on LTV, property type and credit score
No balloons - longer fixed periods than most banks
Multifamily, mixed use, retail, office, warehouse, light industrial, self storage and more....
Available in key major markets nationwide

SELECT NON-RECOURSE
Loan amounts: $1,000,000 to $6,000,000
Loan to value: up to 80%
5, 7 and 10 year terms
30 year amortization
Fixed Processing fees
Streamline Process
Multifamily, mobile home parks, retail, industrial, office, self storage, free-standing drugstores

The following programs are for apartments only:

STANDARD PROGRAM
Loan amounts: $400,000 to $3,000,000
Loan to value: 85% (CLTV) purchase, 75% cash out
6 mo, 2, 3, 5, 7, 10 year - 30 year amortization
15 year fixed
Most markets nationwide

INTEREST ONLY
Loan amounts: $500,000 to $3,000,000
Loan to value: 80% purchase, 75% cash out
3 and 5 year ARMS
700+ credit score
Most markets nationwide

NO DOC/NO RATIO
Loan amounts: $500,000 to $3,000,000
Loan to value: 70% purchase 3, 5, and 7 year ARMS, 30 year amortization
700+ credit score
NO verification of borrowers income, assets or schedule E's!

CONDUIT BUSTER
Loan amounts: $500,000 to $3,000,000
Loan to value: 80% purchase, 75% cash out 10 year fixed, 30 year amortization
Lower rates and closing costs than traditional conduit programs

MARKET RENTS PROGRAM
Loan amounts: $500,000 to $3,000,000
Loan to value: 80% purchase (Purchase only) 3, 5, and 7 year ARMS, 30 year amortization
700+ credit score
Use appraisal rents for income
Great for sales transactions where the seller's rents have fallen below market.