COMMERCIAL PRIVATE LOANS AT 8.0%
Fritz Cadet
Competitive Rates
We Close Loans In A Matter Of Days
No Prepayment Penalties
Instant Decisions
No Hidden Costs
Transparent Origination Process
No Cash Flow Worries
Minimal Paperwork
Available Natiowide with Rates as low as 7.5
Commercial Properties Only
Terms: Up to 12 months
Our commercial bridge loans do not exceed 70% LTV. For borrowers
With poor credit, LTV is lower. Our general guidelines are:
Group 3: For FICO scores in the 500s LTV will be in the 50%
Group 2: For FICO scores in the 600s LTV will be in the 60%
Group 1: For FICO scores in the 700s LTV will be in the 70%
Loan Amount: $50,000-$2,000,000.
Second Loans Provided if:
The first mortgage is relatively small
There are no restrictive clauses in the first mortgage documents
prohibiting payoff. We must be able to pay off the first mortgage
in the event of default.
The first mortgagee permits secondary financing.
The first mortgagee is aware of us and willing to inform us of
delinquency. There is plenty of equity in the property.
Fritz Cadet, Vice-President of Sales
Heinch Lending Group,Inc
Phone: 754.234.8934
Fascimile: 954.862.3068
fritz_...@yahoo.com