McCormick Consulting Group, LLC               1-888-258-0658
Established 2001 

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Commercial Mortgages

 




MCG offers extremely flexible programs to suit the needs of the small-business owner. Pre-approvals within 48 Hours and we will CLOSE your loans in 30-45 days (depending upon the responsiveness and cooperation of all parties involved)

Conventional Owner Occupied Commercial Business Loan

Designed for the small-business owner that will occupy at least 51% of the property and can show at least 2 to 3 years of stabilized financials (no start-ups) able to support the requested loan. Debt service is calculated on a global basis using the subject business and borrower's financials. Lease income generated by investment tenants is also applied to the debt service in underwriting.

Commercial Business Loan Program Guidelines:

  • Up to 90% LTV for owner-occupied commercial real estate and up to 65% LTV  for commercial investment properties.
  • Commercial Loan amounts from $250k up to $8mm.
  • 30 year fixed rates available on most commercial loans.
  • Debt Service Coverage Ratio (DSCR) as low as 1.20.
  • For all conventional financing, the borrower may pre-pay up to 20% of the original loan amount in any 12 month period without incurring a pre-payment penalty.
  • Minimum borrower FICO credit score of 675 (Experian only).

Commercial Business Loan Program Benefits:

  • Low down payment - 10% (SBA 504b)
  • Loans without call provisions.
  • Reasonable debt service coverage requirements.
  • Fast approvals.
  • Quick closings.

Property Types We Will Finance:

* Assisted Living Facilities
* Auto Repair Shops
* Barber Shops
* Beauty Shops
* Bowling Centers
* Car Wash
* Churches
* Convenience Stores
* Day Care Centers
* Dry Cleaners
* Funeral Homes
* Gas Stations
* Hotel / Motel - Flagged
* Liquor Stores
* Medical / Dental Offices
* Mobile Home Parks
* Multi - Family
* Mixed - Use
* Pizza Shops
* Nursing Homes
* Office Condos
* Restaurants
* Retail Stores
* Self - Storage
* Super Market / Grocery Stores
* Strip Mall
* Tire / Brake Centers
* And More!

Contact Us Today!

 

McCormick Consulting Group (MCG) - P.O. Box 31 - Clementon, NJ 08021 - is not a direct lender and does not offer investment advice. McCormick Consulting Group is a Financial Consulting firm and Financial Intermediary that provides Financial Consulting services to business owners, investors and private parties nationwide. Copyright 2012 McCormick Consulting Group, LLC. All rights reserved.

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