Poor Credit Commercial Mortgages Added By USFS In Order To Provide Financing For Real Estate Investors With Bad Credit
U.S. Funding Solutions, Inc. has added a new lending group in order to provide reasonably priced poor or bad credit commercial mortgages. These commercial real estate loans can often replace standard hard money commercial mortgages also known as commercial bridge loans which USFS also offers.
These programs are for both purchases and refinancing. Also in these programs are poor credit commercial construction loans including multi-family apartment rehab loans and non-recourse commercial mortgages (no personal guarantee commercial loans). Also included in these programs are loans for owners of a pool of single family rental homes seeking to consolidate all their loans into one more affordable loan. Property types now included multi-family, office, retail, hospitality, industrial, self-storage, healthcare and single family pools.
These poor credit commercial mortgages provide solutions to many real estate investors that don’t have the credit strength to qualify for most commercial mortgages. The refinance programs, including cash out commercial refinancing loans are particularly applicable to those companies needing to refinance due to a looming balloon payment, according to U.S. Funding Solutions president, Ron Stone.
According to Mr. Stone, a 30 year business and finance veteran: “The commercial mortgage market is in serious need of these type programs because many real estate professionals took a hit during the 2007-2008 crash. With this expansion of our commercial loan programs, we now cover many more prospective borrowers with very competitive rates as well as 25 and 30 year amortization commercial mortgages improving the cash flow for commercial real estate investors.”
Mr. Stone went on to say: “Many real estate developers are stressing over their need to refinance a commercial loan due to a looming balloon date with the additional pressure of getting a commercial mortgage with bad credit. These new commercial real estate loan programs address this issue by focusing on the loan to value and cash flow or expected cash flow of the properties. Our commercial loans range from $500,000 to $10,000,000 and cover transactions such as commercial property acquisitions, commercial loan refinance as well as lower interest rate commercial bridge financing loans. For more on our commercial mortgage loans including non-recourse commercial loans for real estate visit our website. Lastly, we are available 7 days a week.”
- Contact Information
- Georgette Pauls
- Marketing Manager
- U.S. Funding Solutions, Inc.
- (1) 828-689-4683
- Contact via E-mail
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