BRIC LLC… We complete commercial mortgag

04 Dec

We complete commercial mortgages from $25,000 to $500,000. We can work with the large majority of commercial properties for collateral, which includes: Multi-Family, Mixed-Use, Retail, Office, Auto Repair, Day Care, Funeral Homes, Beauty Shops, and more. The maximum LTV on income producing property is 70% as well as maximum LTV on owner-user properties is 65%. Additional popular features of our program are as follows:
• 600 Minimum FICO Scores
• Loans close in three to four weeks
• Fix Rates begin at 10.5%
• 5 Year Balloon Program 9.5% amortized over 25 years
• Adjustable Rates begin in the 9% Range
• Only One Lender Point
• Declining 5%-4%-3%-2%-1% Prepay Penalty
We don’t lend on raw land, construction, assisted living, restaurants, bars, or gas stations (although we will lend on auto repair or auto body shops)
At BRIC LLC, we handle all of the processing for you. The process is simple:

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Posted by on December 4, 2012 in Uncategorized


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