We have a new investor promoting this great program:

10 year fixed rate as low as 5.35% for industrial, 5.5% for retail, office and mixed use California properties.  Declining prepay with a 2 year lockout. Any loan amount of $1.7million or less, cost to borrower for 3rd party reports, underwriting, etc. is capped at $2,000. You can't even get an appraisal for that!

Any loan above 1.7M the cost to the borrower would be 12 basis points. This program has a minimum loan amount of $500,000 but goes to $50 million. Maximum LTV is 75%.

We also have a 10 year adjustable starting at 5.5% and capped at 7.5% for the 10 years. Prepay on that loan is 1% for the 1st 3 years.

These are hard to beat rates for these types of properties.

Commercial Second Mortgages.  Minimum $700,000, Maximum $3,000,000. 1.25% DSCR, 75% CLTV. Call or email for details.

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