As we continue to build our business relationship with our clients, we are excited to announce our new Stated Program for owner-occupied commercial properties ONLY.
Below please find our minimum eligibility for you to send in your deals for review.
If the deal is a good fit, we will issues a LETTER OF INTENT to outline the basic structure of the proposed loan within 24-48 hours.
- Minimum middle Fico score of 700
(if multiple guarantors, all other borrowers/guarantors must have a minimum of 650)
- Business must be in existence for 5 years (on subject property)
- Experian Business Score:
- a) Minimum Intelliscore Plus of 41
- b) Minimum Financial Stability of 50
- Minimum DSCR of 1.10x
- 80% Occupancy Required over 90 day trailing
- 6 months reserves
- Net Worth requirement on loan amounts exceeding 1M
- No Personal or Business Tax Returns
- No Business Financial Statements
- Up to 75% LTV (depending on credit score)
- 250K To 2M Loan Amount