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Lincoln Mortgage uses BASIC Concepts to Make Commercial Lending Simple
We have taken a lot of the guesswork out of the commercial mortgage process. Iin the past, commercial mortgages were costly and difficult to obtain due to their lengthy, paperwork-intensive process. Our new loan products are changing all of that. Most of our commercial mortgages work similarly to residential ones, resulting in an easy process with a variety of affordable loan options.
We have taken the difficult commercial lending process and made it Simple, Predictable and Fast!
Simple Because
- We can provide loans from $100,000 to $100 Million
- There is NEVER any money out of your pocket until you are Apporved
- We can close in 30 to 45 days
- We provide FAST Pre Approvals - 48 to 72 hours
- We use Residential Guidlines on most programs (based on Fannie Mae and Freddie Mac guidlines)
- We have a Simple application process
No Doc Borrower (No Documentation)
- No income, asset, eployment disclosed
- 620 minimum Credit Score
- Only current property income and expenses
Low Doc Borrower
- Personal financial statement
- 3 years of property income and expenses
Full Doc Property
- Rental income
- Operating Income
Property Evaluation
- Income Approach to Value, NOT Market or Cost Approach
- Net Operating income. Gross Income less Vacancy and Expenses
Eligible Property Types
- Multi-Family
- Mixed Use
- Retail
- Office Buildings/Commercial Condominiums
- Warehouse/Light industrial
- and MANY MORE!
Ineligible Property Types
- Specialty (Single) Use
- Environmental Hazards (Gas Stations)
- Contruction or Rehab projects
- Vacant Land
- Marinas and Golf Courses
Loan Product Offerings
- 15 year ballon with 25 to 40 year amortization
- 1,3, or 5 year ARMs with 25 to 40 year amortization
- 10, 15, 20, and 30 year fixed rate terms
- Interest only
- Cash out Refi's
Call a Lincoln Mortgage Professional TODAY
And we will Size Up your Deal with No Headaches!
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