[TheUnderwriter2]

Can anyone suggest a good company that will take assets & give better rates than a regular mca?

[TheUnderwritingProdigy]

Wbl

[SendDocsPlox]

Wbl

I don't know if I would call WBL good but they do it lol

[Olderguy]

Yes, ARF does asset based lending at decent rates. I am also doing a bunch of hard money cash out loans at 10% Interest Only (annual) for 24 months - to pay off overleveraged MCA loans. Hard money loans are based on property and are first position, no income docs required.

[Olderguy]

Property financing general guidelines:

Lender fees run from 2.5% to 5% plus add broker fees.
I have other options.

Option One Full Doc / Bank Statement 650 Credit required
Loan Amounts $ 100,000 to $ 2,500,000
Fixed Term and Amortization to 30 years
Fixed Rates from 4.875% to 9.75%
Up to 75% LTV on Refinances and 80% on purchases
Most commercial property types

Option 2 Full Doc 620 Credit required
Loan Amounts $ 200,000 to $ 10,000,000
Up to 75% LTV
Amortization 25 or 30 years
Term: 5,7 & 10
Fixed Rates from 4% to 6%
Recourse: Full and partial
Property Types: Multi-Family, Mixed Use, Office, Retail, Light Industrial/Warehouse, Self-Storage, Commercial Condo, Mobile Home Parks, Investment Residential (1-8 Units), Short Term Rentals, Automotive, Restaurants (including quick service), Parking Lots/Garages

Option 3 No Doc 620 Credit required
Loan Amounts $ 100,000 to $ 2,500,000
Fixed Term and Amortization to 30 years
Fixed Rates from 7.75% % to 10.75%
Up to 75% LTV
Most commercial property types

Non-Prime - more flexible lite income doc
Loan Amounts $ 100,000 to $ 1,500,000
Fixed term and amortization to 25 years
Fixed rates from 7.99
Up to 70% LTV
Most commercial property types

Bridge
Loan Amounts from $ 1m to $ 10M
Interest only terms 1 to 3 years
Rates 7.99% to 10.99%
70% of As-Is Value and 75% ARV
Most Commercial property types

These below are 2.5% broker fee and 2.5% lender fee...

Fastest Close via Hard Money Program with our Family Office Funds
- Rate is 9.99%
- LTV is 65%
- Points are 2.50%
- 12 - 24 Month term
- Close in LLC w/ NOO Disclosures
- No DSCR Requirement / No Min Credit Requirement
- Current Appraisal can be used with site visit or Broker confirmation
- 7 Day Close

2. Bridge Loan via Soft Money Program
- Rate is 8.99%
- LTV is 75% Max
- Points are 2.00%
- Must be NOO and provide proof of lease or primary residence
- Updated Valuation will be performed
- Must provide Bank Statements (VOD will be pulled on our end)
- 640+ Credit
- 14 to 21 Day Close

3. DSCR Rental Program - 30 Year
- Rate is 4.375% - 5.50%
- 30 Year Term
- 5/1 or 7/1 or 10/1 or 30 Year Fixed Options
- LTV is 80% Max
- Points are 2.00%
- Must be NOO and provide proof of lease or primary residence
- Updated Valuation will be performed with rental analysis
- Must provide Bank Statements (VOD will be pulled on our end)
- 640+ Credit
- 14 to 21 Day Close

4. Self Employed - No Tax Return Program (if as Owner Occupied or 2nd Home)
- Rate is 4.375% - 5.50%
- 30 Year Term (5/1 Arm or 30 year fixed options)
- LTV is 80% Max
- Points are 2.50%
- Must provide 3 Months of bank statements and a Tax Preparer Letter
- Updated Valuation will be performed with rental analysis
- Must provide Bank Statements (VOD will be pulled on our end)
- 640+ Credit
- 14 to 21 Day Close

[ridextreme]

I don't know if I would call WBL good but they do it lol

But they certainly don't "give better rates than a regular MCA".

[Charlie]

What assets? Crossroads does inventory funding.