SBA-504b REFI's to be DISCONTINUED in 30 Days +/-

Tuesday, May 15, 2012 - Article by: Ulysses Fletcher - Ulysses Fletcher Mortgage Services -

Loan Guidelines by COMMERCIAL Property Type:
- No New Business Start-Ups - 2 to 3 Years Positive Cash-Flow on Tax Returns
- Commercial REAL ESTATE Only - Land, Building(s), Perm. Fixtures, Attached Equip.
- Minimum Property Value of $200,000 - Minimum Total Loan Amount of $150,000
- REFINANCES Require 2-Year Seasoning - NO Cash-out - NO Current SBA/USDA Liens
- Maximum Broker Compensation (from our bank) of 2.5% on 1st Lien Only (Refi./Purch.)

1. MULTIPLE-USE Properties (Lines #1 to #3 on Rate Sheet):
- 90% LTV Available for Refinance or Purchase (REFI's ENDING Soon)
- 80% Loan-to-Costs Available for PURCHASE with CONSTRUCTION Together
- $200,000 to $12,000,000 Property Value - $180,000 to $10,000,000 Loan Amount

2. SEMI-GENERIC Properties (Lines #4 to #10 on Rate Sheet)
- 85% LTV Available for Refinance or Purchase (REFI's ENDING Soon)
- 75% Loan-to-Costs Available for PURCHASE with CONSTRUCTION Together
- $200,000 to $10,000,000 Property Value - $170,000 to $8,000,000 Loan Amount

3. SPECIAL/SINGLE-USE Properties (Lines 11-17 on Rate Sheet)
- 80% to 85% LTV Available for Refinancce or Purchase (REFI's ENDING Soon)
- 75% Loan-to-Costs Available for PURCHASE with CONSTRUCTION Together
- $200,000 to $7,000,000 Property Value - $160,000 to $5,500,000 Loan Amount