Restaruant Commercial Mortgages
Spartan Commercial Mortgage offers Restaurant Commercial Mortgages for either a purchase or a refinance. As well, we offer Bar/Pub Financing for the real estate involved. Spartan Commercial Mortgages offers Conventional, Stated Income, and No Doc options for borrowers. Furthermore, we have the ability to close quickly and offer competitive rates on 30 year fixed loans.
Here is an overview of our programs:
- 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. We pride ourseleves on customer service and look forward to working with you. Spartan Commercial Mortgage says YES when your local Bank says NO!
Thanks,
Michael Meyer
President Spartan Commercial Mortgage Services
mike@spartancommercialmortgage.com
(860) 876-0572