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- Property Type: Apartment buildings, office buildings, medical office buildings, shopping
centers, strip centers, large and mini malls, self storage facilities, mobile home parks, Industrial buildings,
single tenant retail stores and other commercial structures
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Geographic Region: Nationwide
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Loan Function - Loans for acquisition and refinance.
- Financing for most types of commercial income producing properties
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Loan Amount: $2,000,000 and over
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Loan Term: 5, 7, 10, 15 and 25 year terms
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Amortization period: 20 to 30 years
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Assumable with fee
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Loan-to Value: 70% to 80%
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Debt service coverage: Minimum 1.20x to 1.30x
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Non Recourse - Loans are non-recourse except for standard carve outs
- In most cases, a firm financing commitment is issued within four weeks after receipt of documentation
from borrower
To get a simple loan application Click here:
Income property application. and follow
directions.
NEW SMALL LOAN PROGRAM FOR APARTMENT BUILDINGS.
Minimum loan amount is: [See minimum amount at the bottom of this page.]
Barclay Associates has a small loan program with
low minimum loan amounts. Use this special small loan program for the
purchase, refi or cash out of apartment buildings. Competitive rates and terms with fast loan
commitment
and closing.
Most banks and other conventional lending sources all over the country often turn down small amount
loan requests for apartment building 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. Barclay Associates will
work with you to close that small apartment building financing that others will not handle.
CLICK HERE==> for complete information on this exciting small loan
program for apartment buildings.
Some Highlights of the Program:
- Loan type: Fixed and adjustable loan types available.
- Loan term:15 and 20 years. Up to 30 year fixed with a good FICO score.
- Buyer down payment: As little as 10% with seller take back.
- Loan-to-Value ratio (LTV): apartment building financing - Up to 80 % LTV.
- FICO credit score: this small loans program requires only a 600 minimum FICO
score.
Informative and detailed information of great value to income property buyers
can be seen at
Income Property Buyers Tips This new section includes a
Special Report which explains how to
calculate the true value of an
income property. A continually expanding “FAQ”
(Question and Answer) page is also included. We invite you to visit this area of our web site.
PLEASE CLICK ON AN ITEM BELOW FOR MORE INFORMATION ON FINANCING FOR VARIOUS PROPERTY TYPES.
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