Bay Area Capital Commercial Loans

Loan for Investors with multiple residential properties

This is we feel the industry?s best product for holders of large quantities of residential property,  and is OK for condos, single family and 1-4 units, and is designed to help investors manage large portfolios of residential holdings that are not eligible for traditional Fannie Mae and Freddie Mac loan products.

Basically we take any number of residential properties, and bundle them together for underwriting, and then provide ONE LOAN secured against all these residential properties. You won't get a 30 year fixed loan, but you will get a great rate and all of those properties which were formerly residential loan financed are now financed with a commercial loan, leaving you with fewer properties financed by Fannie or Freddie.

This is a great tool for investors. It works well in cases where an investor wishes to refinance his private or hard money loans into a more manageable rate. It allows the flexibility for both ?buy and hold? and ?fix and flip? strategies. It allows cash out to (generally) 55-60% of the appraised value (or purchase price ? whichever is less) without the complicated restrictions enforced by Fannie and Freddie.

Loan Amounts: $500,000 up to $5,000,000

Eligible Property type: Single family residence, condo or townhome, PUD, 1-4 unit property, in the states of California, Oregon and Washington

Loan terms: 30 year amortized; three to five year terms; possible prepayment penalties (but not on flips), 1 point broker fee,

LTV: 50 ? 65% LTV (appraisal required for each property)

Rate:  depending upon strength of package, property and sponsorship

Requires: This program requires a complete set of income and asset documentation. A detailed schedule of Real Estate holdings is also needed. Credit, insurance, leases and property tax documents are also required. Strong to moderate sponsorship, strong resume, reasonable reserves are helpful.



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