
As you continue to maneuver through the daily disruptions of COVID-19, McMann Commercial Lending is committed to supporting your financial needs with a predictable and efficient process that you can rely upon, deal after deal. Whether the property is commercial, multifamily, or investment residential, we are ready to help you reach your objectives.
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Recently Funded, $1,522,500, Commercial, Newington CT | $1,295,000, 16 Unit Conroe, TX | $450,000 Multi-Family Triplex, Bronx NY |
Property Types: Commercial, Multifamily, and 1-4 Unit Long-Term Leased Investor Residential (Income Producing Properties only) Nationwide contagious U.S. lending except ND, NV, and SD in Primary and Secondary Markets (Top 120 MSAs) Loan Amounts: $500,000 - $5,000,000 Loan Structure: Fixed Rates from 4.5% to 7% Mortgage Loans. 5, 7, or 10 year terms. LTV: Up to 65.0% (70% Case by Case) DSCR Minimum: 1.20x Credit Score Minimum: 620 Amortizations: 25 or 30 Years Recourse: Full Prepayment: Locked for half the term and opens up during the last 3 months for free, Loan Reserves Required: 4 to 12 Months PITI. Deposits and Fees are case by case. Contact us for details or pre-register your loan by completing this Fast Loan Approval.
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