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Stated Income Loan Programs
Call BRT Financial @ 904-551-6090
Debt Service Coverage Ratio!
The most flexible approach to Debt Service Coverage Ratio for a commercial property loan will require a Debt Service Coverage Ratio in the range of 1 to 1.2, with exceptions permitting a Debt Service Coverage Ratio less than 1.
It is not unusual to encounter a minimum commercial real estate loan requirement of $500,000 to $1,000,000.
Many traditional banks require three to nine months to close a commercial mortgage. A more action-oriented commercial lender will close commercial real estate loans in 45 to 60 days.
Hilton Foundation Snags Dole Food Headquarters for $50 Million
– costar.com/News
Conrad N. Hilton Foundation bought the headquarters building of Dole Food Co. for $50 million in a deal that marks the latest divestiture as the fruit and vegetable producer tries to reduce debt, which reached $1…
Morgan Properties Solidifies Position in Multifamily Credit
– costar.com/News
Morgan Properties, owner of 150 apartment communities with more than 45,000 units across the U.S. Mid-Atlantic and Northeast, took another step into the bond credit markets, extending the trend of some of the nation's largest apartment owners jumping into debt purchases…
