USFS Announces The Expansion Of Its Commercial Mortgage Programs To Cover Many Borrowers Turned Down For An SBA Loan
U.S. Funding Solutions, Inc. has added a private lender to its commercial real estate lending sources in order to provide extremely competitive and comprehensive commercial mortgage real estate loan programs for businesses that have been turned down for an SBA loan.
These low rate hard money loans aka SBA alternative loans include purchases, commercial refinance as well as cash out commercial refinance loans. Property types include multi-family, office, retail, hospitality, industrial, self-storage, convenience stores without gas and healthcare. These programs fill the gap for SBA turn downs for a number of turndown reasons including but not limited to, no proof of down payment commercial loans, no down payment seasoning commercial loans, mobile home park loans, commercial real estate loans with no tax returns, aka no income verification commercial loans or stated income commercial loans.
These commercial real estate loan programs bridge the gap between conventional commercial real estate loans and most hard money loans. The refinance programs are particularly applicable to those companies needing to purchase a property but fall just short of SBA financing or companies looking to refinance and their current lender isn’t cooperating, according to USFS president, Ron Stone. According to Mr. Stone, a 30 plus year business and finance veteran: “The commercial mortgage market is in serious need of assistance for these type commercial loans that are more flexible than conventional commercial real estate loans, in particular SBA loans and less costly than hard money loans.”
Mr. Stone went on to say: “Many business owners are stressing over their need to refinance an existing loan due to a looming balloon date or to complete a purchase with one problem item preventing SBA financing, which is why we call these programs Alternative SBA loans. For real estate purchases, these are much faster than conventional or SBA loans with lower rates than hard money financing. They are ideal for taking advantage of some of the great commercial property deals available today. Our domestic commercial loans range from $500,000 to $5,000,000 or more. For borrowers in New York check out our hard money lenders NYC video. For more information give us a call.”
- Contact Information
- Georgette Pauls
- Marketing Manager
- U.S. Funding Solutions, Inc.
- Contact via E-mail
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