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Low Fixed Rates |
Small Balance
Plus offers borrowers that aren’t able to obtain
traditional bank financing an alternative to the
high rates charged by traditional hard and soft
equity lenders. Rates start as low as 3% above
the WSJ Prime rate. |
Up to 80%
Leverage |
Up to 70%
leverage on the senior mortgage and 10% on a subordinate
second, Small Balance Plus provides higher
combined leverage than most banks and other
alternative lenders. |
No Balloon
Payments |
Most commercial lenders
include balloon payment features in their loans
which require borrowers to pay off their
commercial mortgage early, generally in 3 to 10
years. A balloon loan will force you to spend
thousands of dollars in closing costs and go
through the entire loan process again. It could
also mean risking a higher cost loan if interest
rates have risen. Even worse, if you are in the
midst of difficult times in your business or
have vacancies in your property, you run the
risk of not qualifying for a loan renewal with
your lender. |
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Less Paperwork |
With a simplified,
residential style approach to underwriting, many
of the documents traditional commercial lenders
and banks require are eliminated saving you time
and aggravation. No most cases, tax returns
aren’t required. |
No On Going
Financial Reporting Requirements |
Once your loan is closed
and all payments are made on time, that’s it, no
more financial information needs to be supplied.
Imagine the time you will save, as well as
avoiding the typical financial covenants
associated with most commercial mortgages.
Covenants are legal obligations concerning the
future financial strength of your business. This
means that losing a tenant or experiencing a
tough business period could put you in default
on your commercial real estate loan, even if you
are current with your monthly payments. The
commercial mortgage may become due and payable
as a result. |
48 Hour
Conditional Commercial Mortgage Approvals |
No loan committees
requiring document after document and weeks to
review and decide on your loan request. Simply
provide Capital Assets,Inc with the basic
commercial loan document requirements, and we’ll
notify you within 48 hours if you are approved. |
30-45 Day
Closings |
With a streamlined loan
process, Capital Assets,Inc strives to close
your loan in 30-45 days. |
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Low Closing Fees |
Capital Assets,Inc can
save you thousands of dollars in closing fees
and costs by charging no point options, low
processing fees and no lender legal costs. In
addition, we accept existing surveys, use a bid
management process to order the appraisal and
generally not requiring a full environmental
assessment. |
Assumable
Commercial Mortgage Loans |
If you’re thinking of
selling your property in the future, enhance the
marketability of your property to potential
buyers, accelerate your closing time frame, and
even save your buyer money by allowing the buyer
to assume your loan. |
No Banking
Relationship Required |
Commercial loans and apartments loans
availability under the Small Balance Plus
Commercial Mortgage program may vary depending on property
type, state, population, economic
conditions, exposure, and other variables
that may negatively influence risk. Minimum
loan size varies depending on asset type and
location.
To determine if your property is eligible for
financing under the Small Balance Plus program, complete
the Quick
Quote loan request summary and one of our commercial
mortgage specialists will determine eligibility.
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