STATED INCOME COMMERCIAL FINANCING
BRIC LLC Lending Guidelines
With our objective strategy and common sense underwriting approach, we aim to help you capitalize on the growing opportunities in our small balance commercial niche. BRIC LLC’S flexible lending guidelines were created to provide you with the best possible solutions for your borrowers.
Simple to submit. Simple to qualify. Simple to close.
Loan Amounts $25,000 to $1,500,000
Loan Purpose • Purchase
• Refinance (rate/term & cash-out)
Property Types • Class I: multifamily (5+ units) and mixed-use
• Class II: office, retail, warehouse, self-storage, automotive services
Debt Coverage Ratio Class I: 1.20 | Class II: 1.25
LTV Class I: 70% | Class II: 65%
Fixed Period 3 & 5 year options
Minimum FICO 600 Middle Score
Pricing Rates starting as low as 6.99%
Term 30 year fully amortizing / 30 year loan
Prepayment Penalty Equal to the fixed period
The BRIC Advantage
• Simple loan documents
• No loan committees
• Common sense underwriting
• Permanent financing, NO balloons
Visit our website at www.thebric.com
Leave us an Inquiry and we will get right back to you!