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BRIC LLC Lending Guidelines For OHIO Wit

05 Aug

BRIC LLC Lending Guidelines For OHIO
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.
LTV: Up to 70%
Loan Amounts $25,000 to $2,000,000
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-
Class III:1-4 unit residential investment dwelling
|
LTV Class I: 70% | Class II: 65% Class III: 60%
Fixed Period 3 & 5 year options
Minimum FICO 600 Middle Score credit score for loan amounts than 500K
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
• Quick Closings – 20-45 days!

Visit our website at http://www.thebric.com
Leave us an Inquiry and we will get right back to you!
(877) 354-1842
http://ow.ly/zYLYd

 

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