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Commercial Mortgage Loans |
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| Why Choose Capital Assets,Inc |
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| Capital Assets,Inc has the knowledge,
expertise and strategic relationships required to
provide you with the most competitive rates and terms
for your commercial property loan. |
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Multiple commercial financing options
- Competitive interest rates, terms and costs
- Knowledgeable and seasoned commercial mortgage
specialists
- Certainty of execution
- Convenient electronic loan process saves you
time and money
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| Request a Quote Today! |
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| Provide some basic information
about the property and commercial real estate financing you’re
seeking and we will provide a no cost no obligation
quote. |
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| Commercial Learning Center |
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Home >
Commercial Loan Center Refinance or Purchase |
Micro Equity Series Commercial Loan Program Overview
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The Micro Equity Series? is a
small commercial loan program targeted towards borrowers
that are unable to qualify for bank financing due to
being self employed and not showing enough income on
their tax returns or for borrowers with low credit scores. Rates are
higher than traditional bank rates, but lower than hard
equity rates.
- Great option for borrowers unable to obtain
traditional bank financing
- Perfect for self employed borrower
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- 25-yr fully fixed rates / no balloons / no
resets
- 3-4 week closings
- Exception based underwriting
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Micro Equity Series Program Guidelines
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Commercial loans from $100,000 – $1,000,000
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15, 20 and 25 year terms
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Up to 70% LTV for purchases
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600 minimum credit score
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Exception based underwriting guidelines
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25-year fully fixed rate terms
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No balloons or interest rate resets or adjustments
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Owner occupied or investor properties
- Declining percentage prepay
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Eligible Property Types |
- Apartment Building Mortgages
- Mixed-Use Mortgages
- Office Mortgages
- Retail Mortgages
- Hair Salon Mortgages
- Funeral Home Mortgages
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- Warehouse Mortgages
- Daycare Mortgages
- Hotel / Motel Mortgages
- Auto Repair Mortgages (owner-user only)
- Strip Center Mortgages
- Grocery Store Mortgages
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Ineligible
Property Types |
No
environmentally sensitive industries,
dance/night clubs, nursing home, houses of
worship, land, construction, gas stations, car
washes. |
Ineligible
Markets |
Available in 42
states. States not eligible include,
Alaska, Alabama, Hawaii, Michigan, Nevada, North
Dakota, Vermont, West Virginia and several
counties in California (LA, Orange, Riverside –
Call). |
Documents
Required to Determine Eligibility |
- Completed 1003 or detailed loan request
summary
- Personal financial statement
- Copy of credit report
- Subject property operating statements
- Rent roll (if applicable)
- Digital photos
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Micro Equity
Series Provides |
- Commercial mortgages for self employed
borrowers
- Commercial mortgages for individuals
with bad credit (600 minimum score)
- Small commercial mortgages for multiple
property types
- Commercial mortgages without tax returns
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Commercial mortgage loan program availability may vary depending on property
type, state, population, economic conditions,
exposure, and other variables that may
negatively influence risk. Program rates, terms,
and conditions are subject to change without
notice.
Commercial
loans for bad credit sponsors may be eligible for
financing under an equity based commercial real estate
loan program.
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