Rental Property Investor · Bedminster, NJ · Member since 2014 · 217 posts · 60 votes
Hello everyone, we are looking for hard money / private money lenders who can lend on commercial properties (5-10 units) in Lehigh County, specifically Easton, Bethlehem, and Allentown. Any recommendations?
Hey Stephen, I've got a few programs that I think would help get you off the ground. Check out our website at www.cableco.capital to learn more about our who we are and our programs.
If you give me a ring or an email I can get you a quote today.
1) Commercial Acquisition / Refinance Loans from $250K - $2MM Up to 80% LTV5/1 or 7/1 ARM / 20, 25, 30 yr Amortization Requirements: 90 Days Rent Stabilized to 75% Occupancy Ability to substantiate rents received for 90 days
FICO 680+: Rates from 6-8%, FICO 600-679: 9%+ (Loan Amount capping at $1MM) DSCR: 1.2 or greater 2-week accelerated closing program, or in 30 days.