C.M.U PAGE

 

Welcome to the HOME PAGE of Commercial Mortgage Unlimited LLC!

Just Closed!  10/28/19

470 Main St; Little Falls, New Jersey 07424  

Full Doc Bank Loan (Refinance)

Commercial Mortgage Unlimited fills the void created by traditional bank and finance companies.

We have the contacts and experience to provide the funding you need!

Offering the Biggest Variety of short term and long term custom Full Doc, Lite Doc and No Doc tailored loan programs in the USA.

We fund all property types in the USA!

Financing for Rental Investment and Business Real Estate

Bank Loans

Lite Doc Loan

Stated No Doc Loan

New Construction

Renovation

Land acquisition and site development

S.B.A

S.B.A Alternative Loan

Fannie Mae

Freddie Mac

F.H.A

C.M.B.S

Hard Money

Bridge Loan

Land Loan

Portfolio Loan

U.S.D.A

E.D.A

And more!

 

Offering Non Recourse and Recourse Loans.   $35,000 to $100 Million
Fixed and fully-amortizing terms

Loan Evaluations

in 3 Hours or Less 

 

Submit the basics and we’ll

contact you shortly.

Commercial Mortgage Unlimited is one of the top 50 fastest growing firms in NY-NJ Tri State Area. Voted as one of the most trusted commercial real estate mortgage brokerage firms in the U.S.  We consistently close loans on multifamily, mixed-use, medical, Retail, Office, Warehouse, single-tenant properties and properties in every category!
C.M.U provides a smooth and seamless customer experience from your initial quote through closing. Mark Fulop is one of the most seasoned commercial mortgage brokers in the business. If he cant fund a deal nobody can. All the loan program guidelines I post are from lenders I have used at least once in the past. That is the reason why you would hire commercial mortgage unlimited we are presenting you with lenders who we have screened before and used. I have been doing this for over 16 years and know what lenders are good and what lenders simply either bait and switch or are app fee mills. Please email me your loan request and I will help you attain funding without a headache.
“Yes we fund a lot of difficult no doc deals but that is only half of the business. We also specialize is full doc loans such as SBA loans, Conventional Bank Loans, Blanket Loans, Fannie Mae, Freddie Mac, HUD, C.M.B.S, Fix and Flips, Land Loans, Bridge and Hard Money, Ground up Construction Projects, Asset based, A.R.V Loans. My point is we also offer very competitive Full Doc and Limited Doc programs in addition to short term and long term no doc loans.”

We specialize in Long Term Full Doc, Lite Doc and No Tax Returns Loans for Investment properties and Commercial Owner Occupied Properties Nationwide!

Perhaps you are interested in a Business loan involving commercial real estate, business acquisitions, or machinery or equipment? We offer custom tailored loans.


NEW!! SBA Loan Program!

C.M.U now offers a brand new 30-Year Amortization Option for 504 1st TDs and Small Balance Commercial Loans!

The majority of lenders and banks won’t consider a long-term amortization. In fact, many only offer a 20-year loan.

30-year commercial mortgages provide borrowers with the flexibility to lower their monthly obligation along with the option of making extra payments without penalty.

30-Year and 25-Year Amortization Options

1.1:1 DSCR SBA 504 Loans

1.15:1 DSCR Small Balance Commercial

FICO as low as 600

Please inquire about this new loan program for commercial owner occupied property types!

We are active in the following property types

  • Financing commercial real estate when the small business owning the CRE occupies more than 51% of the space ad leases out no more than 49%
  • Leasehold improvement financing in the space being leased by the small business
  • All industry types, no exclusions
  • Construction to perm financing
  • Conventional Bank Loans.

Up to 90% funding for 7A SBA

Loan Guidelines

  • Purchase Equipment

  • Business acquisition

  • Refinance debt

  • Purchase of commercial real estate

  • Partner buyouts

  • Payoff seller notes

  • Select construction projects

  • Rate in the 6%’s
  • Loan amounts ranging from $250,000 – $5,000,000

  • Up to 25 year term and amortization

  • Up to 90% financing

 

New!

Looking for a Jumbo long term loan or Bridge Loan? 

Example: Medical Center, Warehouse, Retail Strip, Mixed Use, Apartment Building.

Perhaps you have just built a large owner occupied or investment property and now need to refinance into a long term loan or buy out your partner?

Our Loan Parameters

 
  Permanent Bridge
Loan Amounts $3-30 million $5-30 million
Collateral First Mortgages First Mortgages
Interest Rates Fixed rates priced over Treasuries Floating starting at LIBOR + 300bps
Loan Term 5-10 years and up to 30 on a case-by-case basis 1-5 years including extensions
Maximum LTV/LTC LTV Up to 75% LTC Up to 80%
Recourse Generally non-recourse, standard carve-outs only Generally non-recourse, standard carve-outs only
Prepayment Subject to defeasance or yield maintenance Open, subject to minimum interest or yield maintenance
Amortization Varies on a case-by-case basis Interest only generally with amortization structured on deal-by-deal basis
Fees Origination Fees: 0-1%
 
 

 
 
Are you looking for funding but your town is very Rural? Perhaps you qualify for our new USDA Loan Program! (Construction Loan)
 
 We are proud to announce our partnership with a new USDA firm providing added flexibility to a traditional government backed loan product.
Loan Proceeds can be used to refinance existing debt, ground-up construction, acquire real estate, purchase machinery/ equipment (FF&E), and for working capital.
We look forward to assisting with your capital needs.
Rough Terms:
Loan size: 1 Million -20 Million
Population: 50K Or Less
Term: 25 years.
Rate: 7-8%
LTV: Up to 80%
Property Types: All Are Considered But Must Be Owner Managed
Locations: Nationwide Consulting Fee: 2%
Balance Sheet Equity: 10% or more
Lateral can be property or a business


New Bank Loan Products!

Looking for a Full Documentation Bank Loan?

Here are some current  rates for a few of our products.

We are be happy to discuss options with you and your client based on their particular needs.

The following Bank only funds in the Tri State Area. If you have a Bank Loan Refinance or Purchase outside the NJ/NY Tri State Area I have other loan products that are similar.

Commercial Mortgage Unlimited offers the biggest variety of up to date Short and Long Term Bank Loans and Full Doc, Lite and No Tax Returns Stated Loan Programs. If you don’t find what you are looking for below in the new programs section go to the top of the page and find your particular category and I am sure you will find what you need on another page. If not simple email me at mark@commercialmortgageunlimited.com and I will help. Many loan programs are custom tailored to their situation.

Below are a few different very popular property type Bank Loan Programs…..

 

Multi-Family Property   (5 Residential Units and Up)
3/3/3/3/3/3/3/3/3/3 ARM 30 YEAR AMORTIZATION

Rate                                    Price

3.500%                                101

3.250%                                PAR

5/5/5/5/5/5 ARM 30 YEAR AMORTIZATION

Rate                                    Price

3.750%                                101

3.375%                                PAR

15 Year Fixed

Rate                                     Price

4.375%                                  101

4.000%                                  PAR    

10 Year Balloon 25 YEAR AMORTIZATION

Rate                                     Price

4.500%                                  101

4.125%                                  PAR      

7/7 ARM Balloon 30 YEAR AMORTIZATION

Rate                                     Price

4.125%                                  101

3.750%                                  PAR    
 

Mixed Use Property  (1-4 Residential Units + *3 commercial units)

3/3/3/3/3/3/3/3/3/3 ARM 30 YEAR AMORTIZATION

Rate                                    Price

3.875%                                101

3.500%                                PAR
5/5/5/5/5/5 ARM 30 YEAR AMORTIZATION

Rate                                    Price

4.250%                                 101

 4.000%                                PAR

15 Year Fixed

Rate                                     Price

4.625%                                  101

4.250%                                  PAR    

10 Year Balloon 25 YEAR AMORTIZATION

Rate                                     Price

4.625%                                  101

4.375%                                  PAR    

7/7 ARM Balloon 30 YEAR AMORTIZATION

Rate                                     Price

4.500%                                  101

4.250%                                  PAR   

Mixed-Use with more than 3 commercial units will be considered at higher rates

Looking for funding for SFR Investment Property or Portfolio Loan?



New Programs! (Nationwide)

Single Property & Blanket Loan

Property Types: SFR 1-4/PUDs/Condos (Min Value of each property must be at least $50,000) (Minimum 2 properties can be blanketed)

Term Length: 30 Year, Fully Amortized
Interest Rate (ARM): 5.25% – 7.900%
Minimum Loan Amount: $50,000
Maximum Loan Amount: $1,000,000
Maximum LTV: 75%
Minimum Credit Score: 620
Debt-to-Income for Borrower: None


SFR Portfolio Blanket loan! – Rates starting at 3.82% 

Product Highlights 

  • Loan Size from $500,000 to $20,000,000
  • 5,7 and 10 year terms amortized over 30 years 
  • Up to 75% LTV 
  • Loan Size from $500,000 to $20,000,000
  • Cash-Out 
  • Minimum Middle Fico Score 660
  • Non-Recourse loans 
  • SFR’s Town homes, Condos (Small Balance Multifamily’s 1-20 units can be included into the loan) 
  • Rates based on LTV and loan size 

 

Looking to Purchase or Refinance a 1-4 Unit Apartment Building? No Doc – Lite Doc – Full Doc Loan Program

New ! 1-4 Unit Rental Property program specifically designed for the real estate investor. (Nationwide)

  • Rates starting at 5.875%
  • Loan amounts from $75K to $2M *
  • Credit Score 600 (<600 case-by-case)
  • LTV’s up to 80%
  • No tax return and/or bank statement programs available
  • Qualify based off the DSCR 1.10 of the property, not the DTI of the borrower
  • Minimum DSCR 1.10x
  • No add-ons for cash-out
  • 3-, 5-, and 7-year hybrid programs, fully amortized for 30 years

 New!  Popular 1- 4 Unit Long Term Stated Loan Program

 Long Term Rental Program Basic Parameters

  • CA, CO, FL, GA, HI, NC, OR, SC, TX, UT, VA, WA
  • Non-Owner Occupied Properties
  • 5, 7 & 10 year options – Interest only periods
  • Up to 75-80% LTV (LTV varies by state and qualifications)​
  • Starting Rate at 6.625%
  • 2-3 Weeks to Close
  • Minimum FICO of 600
  • $75,000-$2,000,000 Loan Amount Per Property
  • We Lend to Individuals and Entities
  • 1 to 1.1 DSCR Requirement
  • No Income Verified (No Pay Stubs, Tax Returns, W-2s)
  • Foreign Nationals Welcome with Min 600 Score
  • Cash Out, Purchase and Rate & Term
  • Blanket Loans/Crosses allowed
  • Property Types:
    SFRs & 2-4 Unit Properties only
  • Step Down Prepay depends on term


Below are a few examples of popular  long term loan programs for clients  looking to purchase or refinance an investment property or owner occupied commercial property. 

Types of Stated Loan Programs: (There are two type of No Doc Stated Loan Programs! The first kind requires the property to cash flow or debt service.

The second type is based on property value.

Below are programs that require D.C.R but I also offer other programs that will accept a low fico (580 min) and don’t require a certain Debt service.

Full Documentation Loan: is when you the borrower provides 2 years tax returns and 3 months Bank Statements. Its a no dock loan but by providing these items you qualify for a better rate as much as an entire point of rate. Much less documentation than a traditional bank loan which we also offer.
Lite Doc: is when you the borrower provides just 3 months Bank Statements. We will still require a filled out application, rent roll and 2 years operating statement.
No Doc Loan: is considered a loan where the borrower does not provide tax returns and bank statements. This does not mean you provide no documentation an application, rent roll and operating statement is needed for all of these long term loans. Furthermore, these particular programs prefer a 650 or better middle fico score. Fortunately if your score is not 650 or better I offer other loan programs with slightly higher rates. For instance if you have a 600 fico middle score I could offer 7% fixed for 5 years 30 am or 8.99% fixed for 30 years. Every deal is different so please feel free to email your loan request or call me to discuss your loan. Thanks 
No Doc 1-4 Unit Loan : Residential Investment
Loan Amount $100,000 – $2M
Rates  5.65%
Min fico  650
Max Ltv  80
Min DSCR  1.00
Docs needed:  No tax returns or 4506T required

No Doc Loan : Residential and Commercial Investment Properties / Commercial Owner Occupied
Loan Amount $100,000 – $500,000
Rates  5.99%+
Min fico  650
Max Ltv  75
Min DSCR  1.15
Docs  needed: No bank statements,tax returns,leases, rent roll, or operating statement required

Lite Doc Loan : Residential and Commercial Investment Properties / Commercial Owner Occupied
Loan Amount 250,000 – 2 m
Rates  6%+
Min fico  650
Max Ltv  80
Min DSCR
Docs needed:   No tax returns or 4506T required 

Full Doc Loan:   Residential and Commercial Investment Properties / Commercial Owner Occupied
Loan amount 250,00 – 5 m
Rates  5.750
Min fico 700
Max ltv 80
Min  dscr  1.15
Docs   Full doc tax returns and bank statements

Looking to purchase or refinance a larger Multi Family Apartment Building? USA

For $1 million to $7.5 million loans, we provide the most reliable, fastest apartment building loan process in the industry with incredibly competitive rates.

Freddie Mac Highlights! Small Balance Loan

  • Rate: 4.01% – 4.21%  5   Year Term   ( 54321) Pre Pay
  • Rate: 4.27% – 4.47%  7   Year Term   (544321) Pre pay
  • Rate:  4.43%- 4.58%  10 Year Term   ( 5544332211) Pre Pay 
  • Two other pre pay options available for all three terms!
  • Loans from $1 million – $7.5 million
  • Up to 80% LTV on refinances and purchases
  • Non-recourse
  • Partial IO available with max leverage and cash out
  • Full term IO available at 1.35x/65%  1.25x/80%

Balance Sheet Bridge Program: (Nationwide) ( Here is a Short Term Loan for larger loan amounts)

Ø  Multifamily, Retail, Office, Industrial, and Self-Storage (Value-Add opportunities)

Ø  Flexible loan terms & prepay (12-36 Months with extension options available up to 60 Month total term)

Ø  Up to 80% Loan to Purchase plus CapEx costs or 75% of stabilized value

Ø  1% Lender Fee, 1% Exit Fee; Exit Fee is waived depending which lender is used.

Ø  Pricing from 325bps to 425bps plus 30 day LIBOR (lower spreads targeted for multifamily and deals with in-place cash flow)

Ø  Minimum Loan Amount:  $5MM Multifamily; $7.5MM Commercial (up to $50MM)

Ø  Interest Only

Ø  Non-Recourse


Additional Products Offered:

·         Freddie Mac and Fannie Mae Small Balance (Shown Above

·         Fannie Mae and Freddie Mac Conventional

·         Affordable Debt

·         FHA



New Programs for Construction Loan! (Nationwide)

Lending Guidelines: 620 Minimum Fico Score, Purchases to 80% LTV, Refinances to 75% LTV, Rehab Fund to 100% LTV, Ground Up Construction to 80% LTV,  Single Room Occupancy to 80% LTV, Land Loans to 50% LTV.

(No Debt Service Coverage Required, No Debt To Income Required, Vacant Properties OK)

 

Loan Types: Cash Out, Fix & Flips, Purchase Money, Refinance Transactions, Rehab Loans. Conversions, Construction Completion Funds, Ground Up Construction, Land Loans, Foreign Nationals.

 

Property Types: Single Family Residences, 2-4 Unit Residences, Multi-Family Buildings, Office Buildings, Retail Buildings, Strip Malls, Industrial Buildings, Self-Storage Facilities, Mixed Use, Land Loans, Single Room Occupancy.

Some common uses of our funds are:

  • Refinance
  • Acquisition
  • Bridge to HUD
  • Cash-out
  • Partner buyout
  • Bridge to stabilization

New Commercial Construction (Nationwide)

80% LTV

65% ARV Nationwide 

Quick Closings

6-24 Month Terms

Rates Starting at 8%

3 Hour Commitments

1-4 Family Residential

REO/Short Sale Savvy

650 Minimum Credit Score

2nd Lien Position Available

Foreclosure Auctions

Bank REO’s/Short Sales

Mixed-Use & Commercial Properties

Bridge Loans

Speculator Friendly Non-Owner Occupied Properties

Land Loans at 50% LTV

Ground Up Construction

No Debt Service Coverage


Commercial Acquisition and Construction Loan (Nationwide)

LTV  80% Purchase and 80% Refinance

Fico  620+

Pre payment  3- 6 Months

Term    6-24 Months

Min Loan  800,000

Max Loan  100m or more.


New! Foreign National Loan Program for Acquisition and Acquisition and Renovation of a 1-4 unit investment property.

Example:  Canadian or any other Foreign National.

Please email and inquire.   mark@commercialmortgageunlimited.com

Offering: 90% LTC 

Rate: 10.5% Interest Only 

2.5-3.5 Points Total

Deployment: closing and origination out of proceeds

then we hold back the renovation money to be distributed in draws


Best Fix and Flip Program for 1-4 Unit (Nationwide)

Purchase and renovate an investment property in order to flip and sell…

90% of Purchase and Rehab Costs
Loan to ARV: Up to 75%
Term Length: 12 – 13 months

New High Leverage fix and flip bridge loan product for qualified investors 

Product Highlights 

  • Rates Start at 7.25% 
  • 90% of Purchase 
  • 100% of construction financed 
  • up to 75% ARV
  • Experience required 

New! 100% Fix and Flip Loan!

Purchase and Rehab Funds

Up to 100% of purchase and rehab costs for qualified.

100% funding for a Fix and Flip for 1-4 unit investment properties does not mean free!

Normally they say 100% but you need a certain amount of reserves in the Bank.

We can lend 100% of purchase and rehab

Ex 300,000 Loan (Need $25,000 – $30,000 in reserves)

Credit Score: 620 Min Fico (Fico will need a co borrower)

Interest Only: Rate as low as 10.99%

LTV: Up to 65% (Based on After Repair Value)

Loan size: $50,000 to $2,000,0000

Appraisal Fee:  $400-$600 Typically

Property Type:  1-20 unit non-owner occupied residential, mixed use, commercial & modular Income Documented (personal, business , net rental)

*No prepay penalty or exit fees on ANY Loans

*Extensions Available Up to 6 months

(Must be a legal resident in the United States)

Example: Term Length

4  Months  Rate  10.99%  Points  3 points

8  Months  Rate  11.49%  Points  3.5 points

12 Months Rate  11.99%  Points  3.5-5 Points

       We will offer extensions as needed on any of these terms, provided the borrower has made all on time payments, shows progress through the rehab portion of the project and have an exit strategy. In all situations, we will extend for the first month free of charge, then 1% of the total loan amount due on the 1st of the month in order to extend the loan through that month. (Ex: if a $150,000 – 12 month loan closed on 2/2/18, we would extend it through 2/28/19 for free, but a 1% fee in the amount of $1,500.00 would be due on March 1, 2019 to extend it through March 31, 2019). There will be a maximum of 5 loan extension fees charged during any 12 month period. ***Under $80,000.00 will still be a 12 month loan at 14.5% and 4.0 points with no additional term lengths offered.***



Looking for a normal Short Term Loan ? We provide residential and commercial private money loans from $100,000 up to $3,000,000 Nationwide in as little as 7 business days.


Twelve Month Residential Loans


PURCHASE LOANS: Up to 75% of the purchase price (80% on case-by-case basis).
PURCHASE AND REHAB LOANS: Up to 80% of the cost and not to exceed 70% ARV. 20% down payment.
REFINANCE AND REHAB: Refi up to 65% LTV if property is free and clear or up to 65% based upon leverage with existing lender. Renovation up to 70% ARV. Only applicable on loan terms up to 12 months.
CASH-OUT REFINANCE: 65% LTV
RATE AND TERM REFINANCE: 65% LTV

Property Type –   Residential Loan:  Single Family and Multi Family

Loan Amount $100,000 to $3,000,0000

Loan Term   12 Months

Interest Rate:  From  7.99%

Use of Funds:    Bridge, Purchase, Refinance, Renovation, or Cash Out.


OR


Twelve Month Commercial Loans


PURCHASE LOANS: Up to 75% of the purchase price (80% on case-by-case basis).
PURCHASE AND REHAB LOANS: Up to 80% of the cost and not to exceed 70% ARV. 20% down payment.
REFINANCE AND REHAB: Refi up to 65% LTV if property is free and clear or up to 65% based upon leverage with existing lender. Renovation up to 70% ARV. Only applicable on loan terms up to 12 months.
CASH-OUT REFINANCE: 65% LTV
RATE AND TERM REFINANCE: 65% LTV
COMMERCIAL LOANS (12 MONTHS) PURCHASE LOANS: Up to 70% of the purchase price.
PURCHASE AND REHAB LOANS: Up to 70% of the purchase price. Not to exceed 65% ARV.
REFINANCE AND REHAB: Refi up to 65% LTV if property is free and clear or up to 65% based upon leverage with existing lender. Renovation up to 65% ARV.
CASH-OUT REFINANCE: 60% LTV
RATE AND TERM REFINANCE: 65% LTV

Property Type –  Commercial Loan:  Mixed Use, Apartments, Industrial, Hotel, Motel, Retail

Loan Amount $100,000 to $3,000,0000

Loan Term   12 Months

Interest Rate:  From  8.99%

Use of Funds:    Purchase, Bridge, Refinance, Renovation, or Cash Out.

If you are interested in one of the loan programs simply email or call! mark@commercialmortgageunlimited.com



POPULAR REHAB FINANCING PROGRAM…This is a rehab loan only available in this states. The loans above are nationwide!

  • AZ, CA, CO, FL, GA, HI, NC, NV, OR, SC, TN, TX, UT, WA
  • Financing up to 100% of the total rehab budget (% varies based on borrower’s level of experience)
  • • Max 70-75% of ARV
  • • Funds are disbursed over draws upon verification of completed work
  • • Interest paid on total loan amount, including undrawn funds
  • • Pricing: Same Rates and Origination Fee Apply
  • • Additional lender fee to cover Project Feasibility Report, GC Review, and draws:
  • – 1-4 Units +$1,075
  • – 5-10 Units +$1,350
  • – 11-20 Units +$1,500

General Guidelines for fast Short Term Funding… The above program is for rehab)

New Hard Money Loan Program! Below is a normal interest only bank statement only no income verification no fico hard money loan program offering rates in the 8%’s with 1,2,and 4 years terms.

  • Loan Amount from $100,000 to $5,000,000
  • Non Owner Occupied
  • AZ, CA, CO, FL, GA, HI, NC, NV, OR, SC, TN, TX, UT, WA
  • Bank statements only / No income verification
  • Interest only payments
  • Quick Closings! 4-10 business days
  • Interest rates based on experience & FICO
  • Cross collateralize option for multiple properties
  • Foreign National program
  • No minimum FICO requirements (Credit Conscious)

 

LENDING CRITERIA                     1 YEAR               2 YEAR                4 YEAR

INTEREST RATE:                                  8.50%+                8.50%+                   8.50%+

LTV MAX :                                           75% – 80%            75% – 80%              75% – 80%

MAX LOAN-TO-PURCHASE:               90%                       90%                         90%

 LENDER POINTS:                                  2                                2                             2

FICO REQUIREMENT:                      NONE                       500                         640

LENDER FEE:                                     $1,195                        $1,195                    $1,195

PREPAYMENT PENALTY:               NONE                   8 MONTHS             18 MONTHS

TERM EXTENSION FEE:       1 POINT / 6 Month    1 POINT / 6 Month          NONE

LOAN AMOUNTS:                      $100K – $5M                 $100K – $5M          $100K – $5M

DSCR REQUIREMENT:                 NONE                            90%                               100%

CLOSING TIME FRAME:             4-10 DAYS                   4-10 DAYS                    4-10 DAYS

PROPERTY TYPES: S.F.R, 2-4 UNITS, CONDOS, PUD’S, TOWN HOMES, 5-20 UNIT MULTIFAMILY

80% LTV available to well qualified borrowers on properties located in major metropolitan areas. LTV is subject to decrease based on property location, property condition, and borrower qualifications. Financing up to 90% of the purchase price, so long as not exceeding designated max LTV. 
Highlights!
We have no minimum FICO for our 1 year product.
The FICO is going to dictate rate and LTV we can lend.

PROPERTY VALUATION FEES

PRODUCT                                      PROPERTY TYPE                                              COST


BPO                                               SFR, 2-4 UNITS, CONDOS                                $295                                                                                                                         CA-Property value= $2m                     

                                                 Other States – Property value < $1.5MM


COMMERCIAL EVAL             5-10 UNIT MULTIFAMILY                                  $895

                                                  CA-Property value < $2MM

                                           Other States – Property value < $1.5MM


APPRAISAL                              CA-Property value > $2MM 

                                           Other States – Property value > $1.5MM

                                                    11-20 UNIT MULTIFAMILY                                   TBD


Highlights!
We have no minimum FICO for our 1 year product.
The FICO is going to dictate rate and LTV we can lend.


Nationwide Funding for Programs Below….

Borrower who owns an investment property or  lot free-and-clear wants capital for construction.

Loan to ARV: 70%
Term Length: 13 months


Borrower in need of one S.F.R loan for both rehab and rental

Property Types: SFR 1-4
Term Length: 13 Months for Construction Loan
30 years for Permanent Loan


Investor who owns an investment property free-and-clear in need of construction costs and permanent rental financing

Property Types: SFR 1-4
Loan Type: Construction-only refinance
Term Length: 13 Months for Construction Loan
30 Years for Permanent Loan


Best Long Term Fixed Loan for 1-4 Units.

Term Length: 30 Year, Fully Amortized
Interest Rate (ARM): 5.00% – 7.275%
Interest Rate (30-Year, Fully Amortized): 5.75% – 7.65%
Term Options: 5/1 ARM, 10/1 ARM, and 30-Year Fully-Amortized
Property Types: SFR 1-4/PUDs/Condos
Non-Recourse?: Yes
Minimum Loan Amount: $500,000 & 5 Properties
Minimum Property Value: $60,000
No Maximum Loan Amount
Maximum LTV: 80%
Minimum Credit Score: 620
Debt-to-Income for Borrower: None



New !   Seeking Bridge Loan from $3,000,0000 to $25 Million  ($5m to $15m Preferred
  • Purpose: Fixed rate financing on income- producing properties.
  • Rates:  7.50% – 9.50% ( Pricing is based on transaction quality, location and leverage. 
  • Term: 1 to 3 year initial term, extensions negotiable, 5 year maximum
  • Amortization: Interest Only
  • Loan Amounts: $3 million to $25 million
  • Type: Income Producing (stabilized and non-stabilized)
  • Preferred Type: Office, Industrial, Multifamily, Retail, Mixed-Use, Self-Storage, Manufactured Housing, Healthcare
  • Location: Nationwide (Primary, Secondary and select Tertiary Markets)
  • LTV: Up to 75% of “As Is” value or LTC
  • Payments: Payments calculated on an interest only basis and made via auto debit from borrowers account
  • Loan Fee: Typically 2%
  • Liability: Recourse and non-recourse loans available
  • Minimum DSCR: 1.05x (with interest reserve)
  • PREPAYMENT: Typically a minimum of 6-12 Months interest reserves
  • Secondary Financing:  None Permitted
  • Other Costs:  Generally $10,000 – $15,000 plus legal fee

New!  Looking for a Short Term Bridge Loan in the New England Area or Construction Loan?

Lending in RI, MA, NH, ME and FL 

  • (New Construction | Renovations | Residential | Multifamily | Commercial)
  • New Construction up to 100% of construction costs
  • Rehab loan structure – generally 80-90% of purchase and 100% construction/renovation
  • Term: 12 to 18 mos loans – no additional costs to do 18-months
  • $100,000 minimum  and $4,000,000 MAX
  • LTV Up to 7% of As Complete or As renovated Value
  • Interest rate: 11-12% interest-only
  • Interest charged on the drawn amount, not full loan amount
  • As low as 2 points – Can split the points to 1 at close and 1 at exit
  • 48 hour approval
  • Construction advances in 48 Hours
  • No financial docs needed
  • Can close in as early as 5 days
  • Credit requirements (Minimal Criteria)
  • Appraisal not required.

New!  Short Term Bridge Loan for the following states:

  • AZ, CA, WA, FL, OR, TX, CO, HI, NV, TN, UT, NC, VA, SC, GA
  • Non-Owner Occupied Properties
  • 1 and 2 Year Options
  • Up to 75-80% LTV (LTV varies by state and qualifications)
  • Interest Starting At 7.99%
  • 5-10 Business Days to Close
  • No Minimum FICO Requirement
  • $100,000-$10,000,000 Loan Amount Per Property
  • We Lend to Individuals and Entities
  • No DSCR Requirement
  • No Income Verified (No Pay Stubs, Tax Returns, W-2s)
  • Foreign Nationals Welcome
  • Cash Out, Purchase and Rate & Term
  • Blanket Loans/Crosses allowed
  • Property Types:
    ​ SFRs, Condos, 2-100 Unit Multifamily Properties
  • 1 Year no prepay

Product Highlights
1. No prepayment penalties on 1 year terms.
2. No impounds/escrows on any bridge products. 3. No experienced required.
4. Non-Recourse
5. Cash Out up to 80% LTV
6. We allow 2nds, seller carries, JVs, and closing    
    credits

 



Eligible Borrowers for most of our loan programs!

• Owner, Non Owner Occupied or Investment

• Sole Proprietorship, LLC or Corporation

• Foreign Nationals

• Visa, Green Card, or None

• Borrowers in Bankruptcy

• Borrowers in Foreclosure or Bailouts

• Owned by Sole Proprietorship, LLC or Corporation

• Borrowers in Probate/Trust

• Trust, Living Trust, Non Revoke

• Attorney in Fact



We work with lenders such as:
    • Hedge Funds

    • Private Lenders
    • Insurance companies

    • C.M.B.S Lenders
    • Credit Unions,

    • National Banks, Regional Banks, Local Banks, Investment Banks

    • Non Bank Lenders

    • Wholesale Lenders

    • Retail Lenders

    • REIT’s

    • Government Agencies



 

Looking for no pre payment penalty on a long term loan?

  • Unfortunately, there is normally always a pre payment penalty unless you bump the rate or buy it down for an extra 1 or 2 points.
  • What I can offer is the ability to pay 20% of the loan yearly with out effecting the pre pay penalty. Pre pay fixed for 3 years 5% for 3 years or fixed for 5 years 54321


New Long Term No Doc Program!

  • NEW – 30/30 Program – NEW:
  • 30 Year Fixed Rate – 30 Year Amortization
  • NO Tax Returns Required
  • NO 4506T Forms
  • Funds Into Your LLC
  • 3 Year Declining Pre-Payment Penalty – 3%-2%-1%-0
  • 75% Of As Is Value
  • Unlimited Cash Out
  • $75,000 – $5,000,000+ Loan Size
  • Rates Ranges 6.99 – 7.5% – (Based Upon Credit-Loan Size-LTV-Type Of Property-Cash Flow)
  • 620 Minimum FICO
  • Close As Fast As 2-3 Weeks

     Designed for investors seeking a simple financing solution for purchase or refinance, with the flexibility
to remain in the loan for up to 30 years.
KEY FEATURES
• Great for qualifying W-2, self-employed investors and small business owners.
• Based on the property value and its revenue generating potential.
• Best alternative to hard money loans.
• Available as a 3-year-fixed or 30-year-fixed loan, each amortized over 30 years.

Also available for fixed for 5, 7, 10 30 am or fixed for 30 years!
PROPERTY TYPES
Investor 1-4 (SFR, Condo, and 2-4 Units), Multi-Family
(5+ Units), Mixed-Use, and Commercial (Office, Retail,
Warehouse, Self-Storage, and Automotive)


Commercial Mortgages

(Residential and Commercial Investment properties.

            Secure the funds you need for the acquisition or refinance of your property. 

            Offering Lite, Full, and No Tax Returns long term loans. US and Foreign Nationals.                                                                         

Multifamily (including 1-4 family)

  1. Mixed use
  2. Retail centers
  3. Office buildings
  4. Office and medical condominiums
  5. More listed below

Real Estate Secured Business Loans

If your company needs working capital, we offer real estate-secured loans for the following:

  1. Equipment purchasing or leasing
  2. Inventory acquisition
  3. Refinancing
  4. Expansion

Construction Loans

We currently offering flexible term financing for:

  1. New construction
  2. Renovation
  3. Land acquisition and site development
  4. Office and medical condominium
  5. Investment Properties

                             

Please fill out our online form or email us your scenario:  mark@commercialmortgageunlimited.com

Commercial Mortgage Unlimited LLC is a nationwide correspondent lender who offers a wide range of loan products the banks simply do not offer. Our goal is to help investors reach their financial needs whether its a Auto Repair shop that needs renovation or a refinance, our staff of seasoned underwriters work with you, not the banks.
Many borrowers today have balloons or private mortgages due, some have been turned down by the local banks and do not know where to go for funding needed. Commercial Mortgage Unlimited is a nationwide mortgage firm that can provide you with the funding you need.
Our goal is to bring the best possible deal at the lowest rate to our customers.
Located at:  22 Tillman Drive, Glen Rock 07450
Please email or overnight hard copy financial packages to my PO Box.
573 PO BOX  Glen Rock NJ 07450
Fax 201-444-7738
    Mark Fulop the owner of Commercial Mortgage Unlimited LLC offers adjustable rate mortgages at competitive rates and terms. For more information please call  201-925-3470 , in order to speak with Mark or one of our representatives. We look forward to funding your loan requests in a timely manner. Most clients first email a detailed description of the loan request.