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This is a page for GMC Mortgage Capital
[edit] Program Highlights
Commercial Loan Programs
Lending Area: Nationwide (Including Alaska & Hawaii)
Property Types:
Multi-Family, Mixed Use, Office, Retail, Strip Malls, Warehouse, Mobile Home Parks, Self Storage, Auto Services, Bed & Breakfast, Light Industrial, Gas Stations, Churches, Day Care Centers, Flagged & Un-Flagged Hospitality, Funeral Homes, Rooming Houses, Bowling Alley, Motels, Hotels, Education and more…
Loan Amounts: $75,000 to $20 Million
Credit Requirements: 640 minimum FICO score
Programs: Highly competitive with a wide array of rate plans including:
- 1, 2, 5 year fixed terms with 15, 20, 25 and 30 year amortizations.
- Stated, Full Doc. and DSCR.
- Purchase, Refinance and Cash-Out.
- Foreign Nationals Allowed with a valid Visa and Social Security Card.
Loan to Value:
- Varies with cedit score and property type
- Max 80% - 90% CLTV
- Seller Held Seconds and Gift of Equity Allowed.
DSCR: (Debt Service Coverage Ratio)
- 1.00 minimum on Stated and Full Doc.
- 1.20 minimum on our DSCR Program
Guarantees:
- Full Recourse, Personal Guarantee Required
'Additional Info:
- Trust, LLC, Corp. entity acceptable
- No Seasoning Requirements
- Unlimited Cash-Out on Refinance
- Loans are Fully Assumable
- Blanket Loans are Available
NOTE:[
- We also offer HARD MONEY RESIDENTIAL & COMMERCIAL LOANS and BUSINESS CASH ADVANCE LOANS
Contact:
[edit] Wilson Acosta
Tel: 813-777-1969 E-Fax 954-616-1175
W.Acosta@GMCmtgCap.com
or
Wilson.Acosta@cfsoftampabay.com
Wilson Acosta
Sr. Account Executive
