Commercial Loans

By Barnes Ross

What is the Minimum Investment? Generally, the LCM Fund is financing residential property at less than 80% loan-to-value and commercial property at less than 65%. LCM underwrites all loans with as much rigor as required to determine collateral value, insurance, credit and title history. Typically, the process is the same as that of leading institutional lenders. We control risk through consistent lending practices. Please review the prospectus.French purchase contracts automatically carry a condition suspensive relating to the availability of a mortgage offer to the intended buyer. This is required by Law 79-596 of 13 July 1979 known as the Loi Scrivener. This law applies to all credit for the purchase of a dwelling or premises to be used for the combination of a business and living accommodation. It does not apply to loans for the purchase of purely commercial or business property.

Do you finance commercial property loans? Yes, we provide commercial loans for commercial properties. Call to speak with one of our loan consultants at . Finest Capital Ltd is a Registered Mortgage Broker, New York State Banking Department arranging 1 - 4 family residential and commercial mortgages through excellent 3rd party providers.A Mortgage Originator organises and negotiates funding for home owners and property investors (residential, commercial, industrial and retail) from a variety of funding sources.

WHAT IS A MORTGAGE ORIGINATOR? A Mortgage Originator organises and negotiates funding for home owners and property investors (residential, commercial, industrial and retail) from a variety of funding sources. Settlers Home Loans Pty Ltd is such a mortgage originator. Mortgage Originators act to introduce a borrower to the lender that in the originator's opinion offers the best product for the specific needs of the borrower.Dorchester Finance Limited has three main areas of lending. The first is larger commercial type loans from $50,000. These are mostly secured on first and second mortgages over properties.

What are the other types of loans? Stated income/verified assets: Income is disclosed and the source of the income is verified, but the amount is not verified. Assets are verified, and must meet an adequacy standard such as, for example, 6 months of stated income and 2 months of expected monthly housing expense. Stated income/stated assets: Both income and assets are disclosed but not verified. However, the source of the borrower's income is verified.Environmental Insurance is, unfortunately, a requirement for most commercial loans. However, the insurance cost should be minimal if your property is not known for environmental hazards.

Where do you lend funds to? Dorchester Finance Limited has three main areas of lending. The first is larger commercial type loans from $50,000. These are mostly secured on first and second mortgages over properties. The borrowers are many different enterprises covering the commercial, industrial and property sectors in NZ. Dorchester Finance also has subsidiaries which are active in the motor vehicle hire purchase business and also act as brokers in this industry.Tax Ease structures our loan program to keep out-of-pocket expenses to a minimum. An affordable loan processing deposit covers expenses related to the processing of your loan application and the closing of your loan, and is due with your completed application. This fee is $250 for residential loans, and $1,000 for commercial loans. This covers our costs of property inspection, credit check, title review, property inspection and other expenses.That is a good question and something important to understand.

What are some other financing options that may interest me? If for some reason you cannot be qualified for the VA Loan Program due to lack of entitlement, loan amount requirement, etc., we do offer other loan programs that may fit your needs. Please contact us. The National Mortgage Department's parent company bank does offer In House Financing. Jumbo loan programs that allow for larger loan sizes than what secondary market programs would allow for.Castle Commercial Mortgage Co. is a Private Money Lender. Some also call us a Hard Money Lender. Basically, we use Private Funds to make short-term real estate/real property loans.

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