Restaruant and Bar Mortgages (and Day Care properties too)!
What do restaurants, bars, and day care centers all have in common? They are all properties now eligible for funding at Spartan Commercial Mortgage. Spartan Commercial Mortgage offers Restaurant and Bar Mortgages for either a purchase or a refinance. Furthermore, our Day Care Lending program beats the competition.
That’s right – our clients now have the opportunity to finance one (or all!) of these types of commercial properties and take advantage of our suite of alternative solutions designed for flexible funding.
Just look at the opportunities available to you if you allow Spartan Commercial Mortgage to do your loan:
- Competitive Rates: Most noteworthy is our borrowers can lock in at low rates without providing tax returns.
- Higher LTVs: Small-balance commercial: up to 80%| 1-4-unit investor (DSCR): up to 85%
- Alternative Solutions: No tax returns required with our No Doc or Bank Statement solutions.
- No lender points: That is correct. No upfront points are charged!
Credit Scores for Commercial Mortgage Loans:
- 725 Min Score for our Elite Program
- 650 Min Score for our Traditional Program.
- 649 and Under for our Alternative Financing.
Rates and Terms: First of all, we offer a true 30 year fixed commercial mortgage. We also offer shorter terms. Furthermore, there are adjustable rate mortgage options as well. Most important for borrowers to know is that rates will vary depending on credit score.
States: We transact commercial mortgages in 42 states. Except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.
Call today for a free consultation or click pre-approved for our Restaurant and Bar Mortgages programs.
Thanks,
Michael Meyer
President Spartan Commercial Mortgage Services
mike@spartancommercialmortgage.com
(860) 876-0572