Process to get Commercial Mortgage Loans
When you are looking for a good commercial mortgage loan you don’t have to look anywhere else. You can visit New City Financial. They have made it their moto to make financing for properties easy for those who need it. The approach is simple. They don’t ask for income proofs or documents. It makes the processing faster for you.
Whether you are looking to develop a new property, or you are using the money for refinancing an existing property, they can help you through it as smoothly as possible. New City Financial has many years of experience in this kind of funding and that makes things easier for you.
Their approval rate is as high as 99.99%. This means you are so close to the funds you need. The finance is readily available so there is no delay for your getting the money. All you need to do is apply.
What Do They Finance?
They arrange finance for investors owning multiple 1-4 investment properties. They also advance for multi-family residence and mixed-use properties. The range of commercial mortgage financing extends to properties that house offices, retail showrooms and warehouses. If any of these or others are in your idea, please visit New City Financial.
Easy Terms Of Loan
Firstly, they are open to funding from 75,000 to 5,000,000. The funds are yours if you have the need. They approve a loan of 75% of the value of the property. That is much more than you can expect from banks. The company needs your mid FICO score to be 650 or above. Not the high scores that others ask for. The rates of interest are a very nominal 6.74%.
Unlike the banks they don’t demand a balloon payment at the end of any term. An amortization of 30 years will run for the full period with a 3 or 8-year fixed period.
And finally, the best part. There is no need for any income proof or tax payment proofs. This approach saves a lot of your time which goes for underwriting.
Nobody offers you such an easy loan scheme.