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Commercial FUNDING

“We Fund Nationwide”

We make capital available for most business needs, which can include, debt, equity and some very creative structuring. Commercial funding is typically used to fund major capital expenditures and/or cover operational costs that a company may otherwise be unable to afford. They can either be secured by business or other assets and in some cases can be unsecured, where the lender relies on the cash flows of the business to repay the facility.

Examples of Eligible Property Types:

Multifamily, Mixed-Use, Office, Retail, Light Industrial, Warehouse, Self-Storage, Mobile Home Park, Daycare Center, Bar, Restaurant, Raw Land, Airplanes, Boats, Rehabs, Healthcare Facilities, Senior Living, Hospitals, Church, Synagogue, Self-Storage, Mobile Home Park, Automotive, Gas Stations, Car Wash, Industrial, Retail, Funeral Homes, Rooming House, Marinas, Hotel/Motel, Medical, Restaurant, Malls, Strip Centers, Gentleman’s Club, Equipment and other Commercial Real Estate.

Some examples of financing programs:

  • Business Purpose Primary & Investment Loans
  • Purchase
  • Refinance
  • Refinance, Cash-Out
  • SBA
  • Rehab
  • Blanket

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Hard Money/Bridge

“We Fund Nationwide”

This financing is typically used to take advantage of short-term opportunities, accommodate an urgent closing, or bridge the gap until permanent financing is available.

A Hard Money Loan is a specific type of asset-based loan financing through which a borrower receives funds secured by real property or any other type of assets for varying periods of time. They are usually issued by private investors or companies. Interest rates are typically higher than conventional commercial or residential property loans, because of the higher risk and shorter duration of the loan.

A Bridge Loan is a type of short-term loan, typically taken out for a term of 2 weeks to 3 years depending on the arrangement of larger or longer-term financing and can be used to acquire or refinance a property or any asset when conventional financing is not available or will simply take too long to close.

Mezzanine Financing is a hybrid of debt and equity financing that gives the lender the right to convert to an equity interest in the company in case of default, generally, after venture capital companies and other senior lenders are paid. Mezzanine capital is any subordinated debt or preferred equity instrument that represents a claim on a company’s assets which is senior only to that of the common shares. Mezzanine financings can be structured either as debt or preferred stock.

Hard money/bridge loans are a great fit in many situations. Some of which include the following:

  • When you need to close fast (in less than 2 weeks)
  • When a property is not generating any income (not leased)
  • When a property needs renovations
  • When you don’t have great credit (below 620)
  • When you can’t provide verifiable income (no tax returns available)
  • If you are a Foreign National Borrower
  • Unique acquisition situations requiring non-conventional financing such as a foreclosure sale or REO
  • Sale & Leaseback Scenarios needing a quick closing
  • Distressed Sales, IRS Liens, Bankruptcy Resolutions, Debt Consolidation
  • Partner Equity Buyouts
  • Mortgage Acquisitions and Discounted Mortgage Buybacks
  • Rehab & Conversion opportunities which require property stabilization before permanent financing can be obtained
  • Buy, fix and flip

This type of financing is usually at no more than 70% loan to value (LTV) and under, for all types of properties and assets, anywhere in the US.

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Residential Mortgages

“We Fund Nationwide”

A Residential Mortgage is a loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time.

Under Choice Mortgage Bank, Inc., we are a direct lender, with “Common Sense Underwriting” for the following residential situations:

  • As Little as 3% Down
  • No Income Verification
  • Asset Based Lending
  • Credit Scores as Low as 580
  • First Time Home Buyer Programs
  • Primary Home
  • Secondary Home
  • Vacation Home
  • Investment Property
  • Rental
  • Condo
  • Reverse Mortgages
  • Refi
  • Rate & Term Refi
  • Refi – Cash Out
  • Multi Family Up To 4 Unit
  • FHA (Federal Housing Administration)
  • VA (Veterans Affairs)
  • USDA (U.S. Department of Agriculture)
  • Fixed Rate
  • Adjustable Rate
  • Jumbo
  • Super Jumbo
  • Lines of Credit (Helocs)

Construction and Real Estate

“We Fund Nationwide”

There are many programs available to allow for Construction and Real Estate financing. We have the ability of being flexible and creative.

A Construction Loan is a short-term loan used to finance the development or the construction, renovation, remodel, etc. of any land or structure including residential, commercial, industrial or hospitality. The borrower takes out a construction loan to cover the construction costs of the project.

A Construction – Permanent Loan (known as a Construction Perm) can provide for acquisition, soft costs and construction costs, leading to long-term permanent

funding. It can also take into account, the after improved value, possibly increasing the loan to value (“LTV”) of the loan, in turn, reducing the initial up-front capital that may be needed.

A Real Estate Loan, which is also referred to as a mortgage, is commonly used to finance real estate. When approved, borrowers sign a legal document (known as a mortgage note) that promises to repay the loan, with interest and other costs over a period of time.

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Business Cash, Advance & Funding

“We Fund Nationwide”

There are many programs available to allow for business funding and cash advance. We have the ability of being flexible and creative.

A Business Loan structure: A lender will give a business owner money, which the business owner must pay back, with interest, over a predetermined period of time. There are a variety of business loans available from term loans, SBA loans (Small Business Administration), private investors, banks to business lines of credit. Some programs don’t require any upfront money.

Business Cash Advance is a short-term loan from a bank or an alternative lender.

Cash advances generally feature steep interest rates and fees, but they are attractive to borrowers because they also feature fast approval and quick funding. If you have no other alternatives to provide a line of credit to your business, this might be perfect for you.

We may be able to provide alternative sources for working capital with no need for a bank loan. A portion of merchant’s receipts from a credit card company purchases or simply your open account receivables. Payback is received by deducting a portion from your daily receipts. If you have been rejected for a small business loan this is the perfect and easy alternative. Some funding can be completed as short as within 10 days.

Some benefits are:

  • May not have fixed payments or timeframes, allowing flexibility for slow business periods
  • Simple and completely automated
  • Reduce business stress
  • Payment is made as your revenue comes in
  • May not have a requirement for personal guarantees
  • May not have a requirement for collateral or liens placed
  • Unrestricted use of cash advance proceeds
  • Personal financial documentation may not be needed
  • Business plans not required
  • Poor or less than perfect credit can get approved / most merchants approved

Business Cash Advances may be used for:

  • Purchase new equipment
  • Expansion of current location or additional locations
  • Offer additional products and services
  • Increase advertising and marketing programs
  • Renovations
  • Partner buyouts
  • Etc.

CONSULTING

“We Fund Nationwide”

You can hire a professional CommercialFinance.com consultant to assist in the structuring and sourcing of your commercial finance and business needs.

We get paid to share our expertise and knowledge to help businesses attain goals and solve problems. Consulting is most often used when a company needs an outside, expert opinion regarding a business decision.

Our consultants bring knowledge, skills, experience, advice and process to organizations and individuals to help them improve their business performance in terms of operations, profitability, management, structure and strategy,

along with the ability to assist, manage, implement and execute their ideas, recommendations and projects.

We will always be professional, courteous, flexible and accommodating to work within your schedule and can adjust our working style to meet the culture of your organization. We possess excellent written and oral communication skills as well as good listening skills.

We can provide a significant amount of value for an organization. It is very likely that we may have a higher level of business expertise than the average employee or even the principals or managing parties and can provide unique solutions for your business needs.

Hire us today!

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