Commercial Loan Threshold Goes Lower!
It's been a long, long, long time since commercial loans were available for real estate investors that need loans below $500,000! In a sign that the economy may be turning, loans from $100,000 to $500,000 are now readily available.
Even more impressive is that many times these smaller loans do not require tax returns. Simply having the right amount of down payment or equity in the property and a decent credit score is good enough for an approval.
In the Phoenix, AZ metropolitan area, investors seeking to invest in small commercial real estate or pull some cash out of existing properties need only have an LTV of 75%. The great thing about these new commercial loan programs for properties in Phoenix, AZ is that the property need only be 80% occupied and the occupancy does NOT have to be seasoned.
To find out more about small commercial loans in Phoenix, AZ contact the experts at Dividend America Commercial Lending. Making commercial loans in Phoenix, AZ for over a decade! Contact us today!