Stated Commercial Mortgages for Mixed Use Properties made easy.
Northeast Financial provides commercial real estate mortgage programs for MUD properties and other similar property types. A good example of a mixed use property is when there are apartments on top of a convenience store. Since Northeast has expanded in our commercial marketing we have come to realize that mixed use properties are one of the most popular among the entire country. The best part about that is that our program can cater to all of them. Northeast Financial understands the special financing needs of many property types. We provide commercial property loans for the acquisition, refurbishing or refinancing of above average condition Office properties around the country. As well we offer an Interest Only financing for commercial loans from $50K – $350K with a Minimum credit score as low as a 400.
Some information you may want to know about stated commercial loans;
· Commercial loans up to 1.5 mm
· Adjustable rates as low as 7.9% or fixed rates for 25 years between 8.5%-12%
· LTVs up to 75%
· Purchase loans, refinance, minor construction, pay off IRS liens or take cash out
· True stated loan program (Most of our loan programs are stated- meaning we do not use your tax returns to qualify you for the loan.)
· Closings in as little as 3-4 weeks
Our goal is to get your loan closed and be your commercial mortgage resource for years to come.
If you are interested in purchasing or refinancing a Mixed Use (MUD) Property take the first step call me today.
Chris Adams / Vice President Commercial Real Estate
860-788-7237 (office phone)
203-413-6240 (office fax)