Options 4 Lending, Inc.

                                            COMMERCIAL ALTERNATE LENDING ALT 1*

·         Loan Amounts: $100,000- $3,000,000

·         Property Types: multifamily (5+ units), mixed-use, office, retail, warehouse, self-storage

·         Loan Purpose: Purchase| Refinance| Refinance Cash Out

·         Initial Fixed Rates: 3, 5 & 10 year options

·         Term: 30 years fully amortizing

·         Rates: Starting as low as 7.5%

·         Loan to Value: 75%

·         Minimum Fico: 650

·         Unlimited Cash-out  

·         Prepayment: Equal to fixed rate period

·         Population requirement 100,000 OR 25,000 within 25 miles 

                                                                                                To Submit:

1.     SBC application or Complete 1003

2.     Borrower Consent Form or Current Credit Report (no later than 30 days)

3.     Color Photos Property, interior and exterior

4.     Current 2 years taxes on entity & borrower and or extension w/ personal financial statement

5.  Rent Roll w/ income and expense

                                                             Basic Underwriting Guidelines

• *42 states…Exceptions: Alaska, Hawaii, Michigan, Ohio, Arizona, Vermont, S Dakota, West Virginia..

• No construction, rehab, seller assists, unique property types, restaurants, churches, hospitality, bankruptcies, foreclosures
• Cost to borrower is appraisal in upfront with standard costs in the loan
• Term sheet issued within 3 to 5 business days of full file submission with 30-45 days close 

Conventional Programs Available

All rates are par to brokers, YSP available, call for more information.

Multi - Use Properties

·         Office, Retail, Office Condo, Warehouse, Medical Office, Light Industrial

·         Terms- 25 year amortization, 3, 5, and 10 year fixed terms (call for more details)

·         Rates- Start at 4.25% (subject to change without notice)

·         Recourse- Full               *Minimum FICO - 650

·         Loan Amounts- $500,000 to $8,000,000

·         Max LTV of 65%, Max CLTV of 90%, Min DSCR 1.25%

Semi-Generic Properties

·         School, Daycare, Funeral Home, Auto related properties (sales or service)

·         Terms- 25 year amortization, 3, 5, and 10 year fixed terms (call for more details)

·         Rates- Start at 4.50% (subject to change without notice)

·         Recourse- Full  *Minimum FICO - 650

·         Loan Amounts- $500,000 to $4,000,000

·         Max LTV of 60%, Max CLTV of 85%

                                                                           Special Use Properties

·         Restaurant (fast food preferred), Car Wash, Self-Storage

·         Terms- 25 year amortization, 3, 5, and 10 year fixed terms (call for more details)

·         Rates- Start at 5% (subject to change without notice)

·         Recourse- Full  *Minimum FICO - 650

·         Loan Amounts- $500,000 to $4,000,000

·         Max LTV of 55%, Max CLTV of 80%

                                                               SBA 504 Program (Blended Rate)

• Most property types considered – Construction eligible
• Rates start at 4.71% (subject to change) Rates reflect a weighted average based on a 50% 1^st TD and a 40% 2^nd TD for a multi-use property.
• Max LTV of 90% for multi-use properties and 85% for special use properties
• Please call your loan officer for details.
• Loan amounts- $500,000 to $8,000,000

EASY HARD MONEY

• Loan Amounts up to $500,000
  

• Full and Lite Doc Options
  

• 600 Middle Fico Score
  

• 2 year fixed rate
  

• 2 year prepayment penalty
  

• 30 year amortization
  

• LTV's as high as 70%
  

• Unlimited Cash out 
  

         NEW 1-4 UNIT PROGRAM*

·        Up to 500k

·        Rates in the 9’s

·                   65% LTV

·        2 year fix

·        National

* Properties must be in the name of a corporation or LLC.