Are you looking for a fast commercial mortgage loan closing? Spartan Commercial Mortgage Services is a Commercial Mortgage Lender that offers loans that beat the competition. We specialize in financing commercial real estate. We cover most of the United States with a focus on the North East and East Coast.  Spartan Commercial Mortgage offers Stated Income Commercial Mortgages as well as Conventional Commercial Mortgages. Furthermore, we offer Fix and Flip, Fix and Hold, and alternative funding solutions.

Commercial Real Estate Types:

• Apartment Buildings and Multi-Family Properties
• Mixed-Use
• Retail as well as Office
• Auto Repair (Not Gas Stations)
• Day Care
• Funeral Home
• Beauty Shops
• Motels/Hotels
• Warehouse
• Mobile Home Parks
• Campgrounds
• Churches
• Self-Storage
• Dry Cleaner (Drop off only)
• Finally, Recreational properties

Ineligible Properties:

• Raw land
• Likewise, land requiring “ground up” construction (any loan requiring rehab work must equal 10% or less of the property value)
• Also, Gas stations (although, we will lend on auto repair/auto body shops) are not allowed.

LTV: Maximum LTV is 80%

Credit Score Requirements:

• 725 Min Score for our Elite Program
• 650 Min Score for our Traditional Program.
• 649 Score and under for our Alternative Financing

Closings: Three to four weeks (the timeline is based on how quickly we receive all the required information). Also, the fix and flip (rehab) commercial loan can be closed in around 2 weeks.

Financing Rates: We offer 30 year fixed rates, 25 year fixed rates, 20 year fixed rates, 15 year fixed rates, and 5 or 7 year adjustable rate mortgages. Rates will vary depending on credit score.

Points:  While Spartan Commercial does their best to not charge any upfront points, in some cases 1 to 2 points are charged depending on the transaction.

Prepay: Declining 5%-4%-3%-2%-1% Prepay Penalty for Commercial Loans and there is no prepay on Fix and Flip Loans.  Call us for alternative prepayment terms.

States:   We transact commercial mortgages in 42 states. Except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

In conclusion, we are here to help with your upcoming Connecticut Commercial Mortgage.  Spartan Commercial Mortgage offers a fast commercial mortgage loan process. We say “Yes” when your local bank says “No.”  Since we specialize in this type of financing we are able to help you get your commercial loan closed quickly.  Call us today.

Click here to get pre-approved.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

The post Fast Commercial Mortgage Loan Closings with Great Rates! appeared first on Spartan Commercial Mortgage.

Understanding Commercial Mortgage Guidelines

Why would a borrower need to understand commercial mortgage underwriting guidelines?  Isn’t that what the loan officer is for? 

When a borrower becomes well versed in commercial mortgage guidelines then that borrower can easily save themselves time and money.  Also, that borrower becomes a savvier real estate investor.  The commercial loan officer’s job is to know the guidelines and help inform their clients of options.  The loan officer is also there to navigate and process the loan until the loan is closed. 

Here are some basics that real estate investors need to know:

1. FICO score and credit history.   

This is one of the first questions a lender will ask when discussing your deal.

Past bankruptcies, foreclosures, tax liens, and other issues will make it very difficult to work with a traditional bank. However, an alternative lending option may be able to overlook an event like a bankruptcy, provided it occurred far enough in the past.

Keep in mind that a lender will likely run their own credit report if the one you provided is more than a few months old.

Acceptable credit score ranges vary from lender to lender. As an example, our minimum FICO score is 600.

2. Learn as much as you can about the commercial property you are going to purchase.   

It’s in a commercial lender’s best interest to make their list of eligible property types as readily available as possible.

That’s because an ineligible property type is one of the quickest and easiest ways to disqualify a scenario.  Generally, ineligible property types are those with DEP/EPA issues, currently in litigation, or have a history of failure.  Although with a well-crafted business plan and know how, a previously failed property can be turned into a success story.

If you are doing a refinance, make sure the property has been stabilized.  If it has been stabilized for less than 2 years, you may be limited to more non-traditional solutions.  A local bank will usually not look at a property that does not have a long history of success.  On the other hand, Spartan Commercial Mortgage has solutions to assist borrowers that have owned a property for less than a year.

3. Location, Location, Location! 

Almost more important than the commercial property in question is its location.

You can start your analysis by making sure your potential lenders do business in the property’s state. Then check the city and county population – if the property is located in a rural area, there will likely be a smaller number of lenders willing to transact.

As an example, we do business in counties with 200,000+ residents, though exceptions do occur.

Looking to get a better sense of a property’s location? Take advantage of Google Earth. Using this tool, you can get both a street-level look at the building and an aerial view of the surrounding area. With Google Earth’s help, you’ll quickly be able to tell if you’re dealing with a rural, suburban, or urban property.

4. Ownership structure.   

Is the borrowing entity an individual or a business such as a Limited Liability Company? Are the guarantors U.S. citizens or foreign nationals?

This is important because lenders have very specific guidelines regarding borrower/guarantor ownership structure and are unlikely to make exceptions in this area.  Many times, a borrower will qualify for 80% or more LTV financing if they are doing the loan in a LLC.  But, due to the national pandemic Loan to Values have been capped between 65-70%. We often suggest you consult an attorney or your CPA about the best way (for your needs) to transact your closing.

5. What is your loan purpose? 

This question is basic enough.  Sometimes borrowers are looking to lower their rate.  Maybe they are looking to simply acquire the property and need a purchase loan.  Perhaps they are looking for a renovation mortgage.  Or, they require to do a cash out refinance.

Each one of these loan types have different commercial mortgage guidelines.   The borrower is going to need to know if the property debt services.  This simply means – do the rents in the property more than cover the expenses.  If there are vacant units then this can sometimes be an issue for underwriters.

With cash out refinancing, commercial mortgage underwriting guidelines will require to know the purpose of the loan.  Underwriters will want to know what the cash is being used for.  Are you rehabbing the property? if so, does that mean that the property will be without rental income for a period of time? 

The main reason that underwriters want to know what you are doing with the cash out income is to make certain it will not put the property in jeopardy.  I know that sounds insane because if you have cash then the mortgage payments will get made.  Unfortunately, this is not always the case.  Underwriters want to make certain that borrowers have a strong plan of action with the cash they are taking out.  That way, the chances of failure or foreclosure decrease greatly.

In Closing

At Spartan Commercial Mortgage we are here to help you every step of the way during the underwriting process.  We are here to help make you the best real estate investor you can be.  As well, we want to make the process seamless.

Click here to get pre-approved or to set up a time to speak with us about your options.  Your Commercial Mortgage Approval is made easy at Spartan Commercial Mortgage

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

Proud Sponsor of Connecticut Youth Sports

The post Understanding The Commercial Mortgage Underwriting Process appeared first on Spartan Commercial Mortgage.

There are many different types of Commercial Buildings we offer financing on. Retail, Warehouses, Storage, Light Industrial, Apartments, Mixed Use, and Stand Alone Buildings are easily financed through our program

All Allowed Property Types:

• Apartment Buildings and Multi-Family Properties (1-4 units allowed as well as 5+units)
• Mixed-Use
• Retail and Office
• Auto Repair
• Day Care
• Funeral Home
• Beauty Shops
• Motels/Hotels
• Warehouse
• Mobile Home Parks
• Campgrounds
• Churches
• Self-Storage
• Dry Cleaner (Drop off only)
• Finally, Recreational properties

Ineligible Properties:

• Raw land
• Likewise, land requiring “ground up” construction (any loan requiring rehab work must equal 10% or less of the property value)
• Also, Gas stations (although, we will lend on auto repair/auto body shops) are not allowed.

LTV: Maximum LTV is 80% for Commercial Mortgage Financing

Credit Scores for Commercial Mortgage Refinance Loans:

• 720 Min Score for our Elite Program
• 650 Min Score for our Traditional Program.
• 600 Min Score for our Hard Money Solutions

Closings: Three to four weeks (the timeline is based on how quickly we receive all the required information). Also, the fix and flip (rehab) commercial loan can be closed in under 4 weeks.

Commercial Mortgage Rates: We offer 30 year fixed rates, 25 year fixed rates, 20 year fixed rates, 15 year fixed rates, and 5 or 7 year adjustable rate mortgages. Rates will vary depending on credit score.

Points:  While Spartan Commercial does their best to not charge any upfront points, in some cases 1 to 2 points are charged depending on the transaction.

Prepay: Declining 5%-4%-3%-2%-1% Prepay Penalty.  Call me for shorter prepayment terms.

States:   We transact commercial mortgages in most states, except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

In conclusion, we are here to help with your upcoming Commercial Mortgage Refinance Loan.  We say “Yes” when your local bank says “No.”  Since we specialize in this type of financing we are able to help you get your commercial mortgage closed quickly.  And, as said earlier, we will work with you every step of the way.

Call us today for a free consultation or click here to get pre-approved.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

The post Commercial Mortgage Refinance Loans are Now Better Than Ever appeared first on Spartan Commercial Mortgage.

When to refinance my mortgage

1. When the interest rate you are going to refinance into is less than your present rate.
2. Second reason, is if you are taking years off the mortgage. It is often a good idea to lower the amount of years on your present mortgage. By doing so, borrowers may save up to tens of thousands on their mortgage by simply taking 5 years off of their loan.
3. The third reason to refinance is if you are taking out money (cash-out) in order to buy more real estate and/or increase wealth.

What types of properties can be refinanced?

All investment properties can be refinanced. Borrowers will want to make certain that their property is turn key. Meaning, that the property will pass an appraisal. Commercial property, investment real estate, as well as single family homes can all be refinanced.

Is it easy to do a cash out mortgage?

The answer is yes. A cash out refinance is no more difficult than a rate/term refinance. But, the rate is always a bit higher than a non-cash out loan. A cash out refinance is usually most beneficial to a borrower when they are paying off high interest credit card debts or other loans or if they are using the cash to buy more real estate.

For a commercial mortgage, there is usually no difference in the rate if the borrower takes cash or doesn’t. What borrowers will want to be mindful of is the Loan to Value (LTV). Obviously your credit score is important for determining a rate. As well, your loan to value of the property determines what the interest rate will be. A good rule of thumb is that a borrower’s LTV should be 75% and under to still get a low rate when doing a cash out refinance.

So, How Do I Start the Mortgage Refinance Process?

Call us today for a free consultation or click here to get pre-approved. We specialize in commercial mortgage refinances and are waiting or your call.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

Proud Sponsor of Youth Sports

The post Is It Time to Refinance My Mortgage? appeared first on Spartan Commercial Mortgage.

Spartan Commercial Mortgage Services offers Real Estate Investor Mortgage Loans tailor made to fit your needs. These programs are great for either a purchase or refinance. Borrowers can finance up to 80% on a 30 year fixed loan. Even more, our rates are very competitive! We have the ability to close your loan quickly and pride ourselves on customer service. We offer Stated Income Mortgages, DSCR, Conventional Commercial Mortgages, Fix and Flip Loans, as well as Fix and Hold Loans.

All Allowed Property Types:

• Apartment Buildings and Multi-Family Properties
• Mixed-Use
• Retail and Office
• Auto Repair (Not Gas Stations)
• Day Cares
• Funeral Home
• Beauty Shops
• Motels/Hotels
• Warehouse
• Mobile Home Parks
• Campgrounds
• Churches
• Self-Storage
• Dry Cleaner (Drop off only)
• Finally, Recreational properties

Ineligible Properties:

• Raw land
• Likewise, land requiring “ground up” construction (any loan requiring rehab work must equal 10% or less of the property value)
• Also, Gas stations (although, we will lend on auto repair/auto body shops) are not allowed.

LTV: Maximum LTV is 80% for a purchase and 75% for a cash out refinance.

Credit Scores for Real Estate Investor Mortgage Loans:

• 725 Min Score for our Elite Program
• 650 Min Score for our Traditional Program
• 649 and under for alternative financing programs

Closings: Three to four weeks (the timeline is based on how quickly we receive all the required information). Also, the fix and flip (rehab) commercial loan can be closed in under 4 weeks.

Rates: We offer 30 year fixed rates, 25 year fixed rates, 20 year fixed rates, 15 year fixed rates, and 5 or 7 year adjustable rate mortgages. Rates will vary depending on credit score as well as loan to value.

Points:  While Spartan Commercial does their best to not charge any upfront points, in some cases 1 to 2 points are charged depending on the transaction.

Prepay: We offer a Declining 5%-4%-3%-2%-1% Prepay Penalty as well as a 5 year 5% Flat Prepay (this allows for the lowest rate possible).  Call us for alternative prepayment terms.

States:   We transact commercial mortgages in 42 states. Except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

In conclusion, we are here to help and offer all types of investor mortgages.   We say “Yes” when your local bank says “No.”  Since we specialize in this type of financing we are able to help you get your commercial mortgage closed quickly.  We look forward to working with you.

Call us today for a free consultation or click here for our online inquiry.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

The post Real Estate Investor Mortgage Loans in Connecticut appeared first on Spartan Commercial Mortgage.

Spartan Commercial Mortgage is one of the few places where real estate investors can get a 30 year fixed commercial mortgage on their real estate investments. This typically gives borrowers a sense of security. And even more, our rates are some of the lowest in the nation (even with the recent rate hikes). Furthermore, we have the ability to close quickly and provide great customer service every step of the way.

Any experienced real estate investor knows that lender’s typically only offer terms of 5 or 7 years on commercial loans.  At the end of the term the rate becomes adjustable. So, borrowers are rolling the dice as to where the market will be in the future and how high their rate can rise. Higher rates mean less profit. Which in turn means less cash flow for the real estate investor.

Hybrid or variable rate loans can leave borrowers feeling helpless during times of market fluctuation. And a looming balloon payment can levy unnecessary stress upon borrowers who should be focused on running their business or managing their investment portfolio.

Borrowers who experience these concerns would feel more comfortable with something similar to the 30-year fixed rate term available for residential mortgages.  The problem is that most commercial lenders don’t offer such a product.

Until now, that is.

Spartan Commercial Mortgage offers a 30-year fixed rate option for commercial loans between $100k and $3 million! This can be for a purchase or a refinance. We offer Conventional, Stated Income, DSCR, as well as No Doc options. Most important to note, is that on most of our loans there are no points. Which means great savings and more cash in the pocket of the real estate investor.

Here a few examples of borrowers who could be a great fit for a 30-year fixed rate commercial loan:

1. Borrowers who want to lock in the stability of a long-term rate on their investment
2. Borrowers who want to maximize cash flow during their loan’s term
3. Finally, Borrowers who generally want to reduce worry from market fluctuation.

Here are some additional guidelines:

• Rates depend on LTV, credit score, Debt Servicing, property type, and % of occupancy.
• LTVs up to 80% on a purchase as well as 75% for a Cash Out Refinance
• Minimum FICO: 660
• Allowable property types are: 1-4 units, apartments. office buildings, retail, self storage, mixed use, warehouses, mobile home parks, and more.

In conclusion, we are here to help with your upcoming commercial mortgage.  We say “Yes” when your local bank says “No.” 

Call us today for a free consultation or click here to get pre-approved.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

The post 30 Year Fixed Commercial Mortgage Loans appeared first on Spartan Commercial Mortgage.

Spartan Commercial Mortgage provides No Doc Commercial Mortgage Loans (Tax Returns are not needed). The No Doc Commercial Mortgage is great for either a purchase or refinance. Borrowers can finance up to 80% (for a purchase) of their investment real estate on a 30 year fixed loan. Even more, our rates are very competitive! The minimum loan size is 100K and the maximum loan size is 5 Million.

All Allowed Property Types:

• Apartment Buildings and Multi-Family Properties
• Mixed-Use
• Retail and Office
• Auto Repair (Not Gas Stations)
• Day Care
• Funeral Home
• Beauty Shops
• Motels/Hotels
• Warehouse
• Mobile Home Parks
• Campgrounds
• Churches
• Self-Storage
• Dry Cleaner (Drop off only)
• Finally, Recreational properties

Ineligible Properties:

• Raw land
• Likewise, land requiring “ground up” construction (any loan requiring rehab work must equal 10% or less of the property value)
• Also, Gas stations (although, we will lend on auto repair/auto body shops) are not allowed.

LTV: Maximum LTV is 80%

Credit Scores for Commercial Mortgages:

• 725 Min Score for our Elite Program
• 650 Min Score for our Traditional Program.
• 649 and Under for our Alternative Financing.

Closings: Three to four weeks (the timeline is based on how quickly we receive all the required information). Also, the fix and flip (rehab) commercial loan can be closed in under 3 weeks.

Commercial Financing Rates: We offer 30 year fixed rates, 25 year fixed rates, 20 year fixed rates, 15 year fixed rates, and 5 or 7 year adjustable rate mortgages. Rates will vary depending on credit score.

Points:  While Spartan Commercial does their best to not charge any upfront points, in some cases 1 to 2 points are charged depending on the transaction.

Prepay: Declining 5%-4%-3%-2%-1% Prepay Penalty as option 1. Option 2 is for a 5 year 5% prepayment penalty – which gives the best rate. Call me for shorter prepayment terms.

States:   We transact commercial mortgages in 42 states. Except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

In conclusion, we are here to help with your upcoming commercial mortgage.  We say “Yes” when your local bank says “No.”  Since we specialize in this type of financing we are able to help you get your commercial mortgage closed quickly.  And, we will work with you every step of the way.

Call us today for a free consultation or click here to get pre-approved.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

Proud Sponsor of Connecticut Youth Rugby

The post No Doc Commercial Mortgage Loans for Real Estate Investors appeared first on Spartan Commercial Mortgage.

Spartan Commercial Mortgage offers the best commercial mortgage programs on the market for real estate investors. Spartan Commercial Mortgage (SCM) was founded with the purpose of helping investors grow their business. As well, SCM wanted to do so while offering great rates and a 30 year fixed term. Even more, we are often able to do so without charging any points!

What kind of deals are a good fit for Spartan’s programs?

We specialize in providing alternative commercial mortgage loans between $100,000 and $5 million for real estate investors and business owners who can’t or won’t work with banks. More specifically, we lend on turnkey properties, 1-4 units, 5+ unit apartment buildings, Mixed Use, Office, Retail, and Stand Alone Buildings. Finally, we offer fix and flip loans for 1-4 unit residential properties.

What makes us different from traditional bank lenders?

SCM boasts more flexible loan programs, faster closing schedules, and fewer documentation requirements than traditional bank options.  With banks turning down 80% of the applicants they talk to, this is where SCM comes in. SCM offers Conventional, Stated Income, as well as No Doc commercial mortgages. Even more, we close loans quickly!

Do you lend in all 50 states?

SCM lends in all U.S. states except Hawaii, Idaho, Michigan, Montana, Nevada, North Dakota, South Dakota, Tennessee, Vermont, West Virginia, and Wyoming.

How long does it take for a commercial loan to close?

Every scenario is different, but SCM’s mortgage experts are often able to complete a transaction in 30-40 days.

Which types of borrowers are eligible for SCM’s loans?

SCM lends to U.S. citizens, permanent resident aliens, as well as legal entities (LLCs). Additionally, we now offer loans to Foreign Nationals.

Call today to get a free consultation or click here to get pre-approved.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

Proud Sponsor of Connecticut Youth Rugby

The post What is the Best Commercial Mortgage Program Available? appeared first on Spartan Commercial Mortgage.

There are many different types of real estate we offer alternative financing on. Single Family Investments, 2-4 Units, Apartments, Retail, Warehouses, Storage, Light Industrial, Mixed Use, and Stand Alone Buildings are easily financed through our program

All Allowed Property Types:

• Apartment Buildings, Single Family, Multi-Family Properties
• Mixed-Use
• Retail and Office
• Auto Repair
• Day Care
• Funeral Home
• Beauty Shops
• Motels/Hotels
• Warehouse
• Mobile Home Parks
• Campgrounds
• Churches
• Self-Storage
• Dry Cleaner (Drop off only)
• Finally, Recreational properties

Ineligible Properties:

• Raw land
• Likewise, land requiring “ground up” construction (any loan requiring rehab work must equal 10% or less of the property value)
• Also, Gas stations (although, we will lend on auto repair/auto body shops) are not allowed.

LTV: Maximum LTV is 80% depending on the scenario.

Credit Scores for Alternative Financing:

• 725 Min Score for our Elite Program
• 650 Min Score for our Traditional Program.
• 649 And Below for our Hard Money Solutions

Closings: Three to four weeks (the timeline is based on how quickly we receive all the required information). Also, the fix and flip (rehab) commercial loan can be closed in under 4 weeks.

Commercial Mortgage Rates: We offer 30 year fixed rates, 25 year fixed rates, 20 year fixed rates, 15 year fixed rates, and 5 or 7 year adjustable rate mortgages. Rates will vary depending on credit score.

Points:  While Spartan Commercial does their best to not charge any upfront points, in some cases 1 to 2 points are charged depending on the transaction.

Prepay: Declining 5%-4%-3%-2%-1% Prepay Penalty.  Call us for shorter/alternative prepayment terms.

States:   We transact commercial mortgages in 42 states. Except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

In conclusion, we are here to help with your upcoming commercial building Loan.  We say “Yes” when your local bank says “No.”  Since we specialize in this type of financing we are able to help you get your commercial mortgage closed quickly.  And, we will work with you every step of the way!

Call us today for a free consultation or click here to get pre-approved.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

Proud Sponsor of Youth Sports

The post Alternative Financing Solutions for Commercial Real Estate appeared first on Spartan Commercial Mortgage.

Spartan Commercial Mortgage Services offers Multifamily Lending Solutions tailor made to fit your needs. These programs are great for either a purchase or refinance. Furthermore, we have DSCR, Stated Income and Conventional Options. Borrowers can finance up to 80% (for a purchase) of their Multifamily building on a 30 year fixed loan. Even more, our rates are very competitive! The minimum loan size is 100K and the maximum loan size is 3 Million.

All Allowed Property Types:

• Apartment Buildings and Multi-Family Properties
• Mixed-Use
• Retail and Office
• Auto Repair (Not Gas Stations)
• Day Care
• Funeral Home
• Beauty Shops
• Motels/Hotels
• Warehouse
• Mobile Home Parks
• Campgrounds
• Churches
• Self-Storage
• Dry Cleaner (Drop off only)
• Finally, Recreational properties

Ineligible Properties:

• Raw land
• Likewise, land requiring “ground up” construction (any loan requiring rehab work must equal 10% or less of the property value)
• Also, Gas stations (although, we will lend on auto repair/auto body shops) are not allowed.

LTV: Maximum LTV is 80% for a purchase and 75% for a refinance cash out refinance.

Credit Scores for Multifamily Lending:

• 725 Min Score for our Elite Program
• 650 Min Score for our Traditional Program.
• 649 and Under for our Alternative Financing.

Closings: Three to four weeks (the timeline is based on how quickly we receive all the required information). Also, the fix and flip (rehab) commercial loan can be closed in under 3 weeks.

Apartment Financing Rates: We offer 30 year fixed rates, 25 year fixed rates, 20 year fixed rates, 15 year fixed rates, and 5 or 7 year adjustable rate mortgages. Rates will vary depending on credit score.

Points:  While Spartan Commercial does their best to not charge any upfront points, in some cases 1 to 2 points are charged depending on the transaction.

Prepay: Declining 5%-4%-3%-2%-1% Prepay Penalty as option 1. Option 2 is for a 5 year 5% prepayment penalty – which gives the best rate. Call me for shorter prepayment terms.

States:   We transact commercial mortgages in 42 states. Except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

In conclusion, we are here to help with your upcoming Multifamily Mortgage.  We say “Yes” when your local bank says “No.”  Since we specialize in this type of financing we are able to help you get your commercial mortgage closed quickly.  And, we will work with you every step of the way.

Call us today for a free consultation or click here to get pre-approved.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

Proud Sponsor of Connecticut Youth Rugby

The post Multifamily Lending for Real Estate Investors appeared first on Spartan Commercial Mortgage.