Newrepublicfunding.com

Asset-Based / Non Recourse / No FICO

Commercial Real Estate Financing

Program Details:

Interest Rates: 5.875% to 7.25% 


Term: 5 Years


Payment Type: Interest Only 


Recourse: Non-Recourse 


Minimum FICO Score: None 


Experience Requirement: None 


Foreign Nationals: OK 


Tax Returns: None 


Points: 3% to 5% 


Minimum Loan Amount: $2,000,000 


Maximum Loan Amount: $50,000,000 


Close of Escrow: 30-60 Days 


Minimum Debt to Service Coverage: 1.30 or greater   


Area: Nationwide





Collateral Types and Maximum Loan to Value: 

1. Multifamily LTV 65%


2. Mixed-Use LTV 65%


3. Warehouse  LTV 60%


4. Data Centers  LTV 60%


5. Industrial / Manufacturing LTV 50-65% (depending on location)


6. Mobile Home Parks LTV 60%


7. Retail Anchored Essential Tenant LTV 50%