Commercial Real Estate Mortgage Solutions!

See how True Path Loan's creates smoother, faster, more confident closings for non-bank borrowers.

The Lowdown on Commercial loans...

Commercial Loans-img

Program Highlights

Program Types: multifamily, mixed-used (residential & commercial), office, retail, warehouse, self-storage, light industrial, bar/taverns, automotive repair, daycare center, restaurants, mobile home parks.

Purchase, cash out, rate/term refinance

  • 25, 30 year full amortizations – No balloons
  • Standards prepayment fee: declining 5, 4, 3, 2, 1
  • Eligible Borrowers: U.S. citizens, permanent resident aliens, legal entities, foreign nationals
  • In eligible properties: construction, major rehab, gas stations, land, rural location, hotels/motels, anything cannabis related

Reasons to bring loans to True Path Loans

  • Faster time to closing: 30-35 days on average
  • More flexible borrower documentation requirements
  • Borrower’s loan turned down by a local bank
  • Less restrictive underwriting guidelines
  • Less stringent credit requirements
  • No cash out restrictions
  • No balloon notes

New!! 30 year fixed rates!!

Specializing in financing commercial real estate

  • Perfect for Fix n flips that already own the land and have a lot of equity on as is value.
  • Clients with multiple properties that have great 1st position rates but want to access cash. We can do 2nd position behind multiple property types.

Line of Credit Commercial, Land & Residential

  • LTV on 1st up to 75% on 2nd TD up to 65%
  • Max 75% CLTV
  • California and Colorado only
  • Up to 10 million
  • Cross Collateralization
  • 1-3-year terms
  • No Pre-Payment Penalty
  • No Income Documents Required
  • Rates start at 8.99
  • Interest only
  • Only pay on what you draw
  • Minimum Fico 640
  • We lend on as is Value, even on land
  • Multi-State Collateralization Allowed
  • Great for clients with a lot of equity

Loan Options For Every Situation

PROGRAM FULL DOC COMPLETE BANKS STATEMENT OWNER-OCCUPIED LITE DOC INVESTOR ASSET-BASED
Loan Amount $150,000 – $5,000,000 $150,000,000 – $ 2,000,000 $150,000 – $ 2,500,000 $150,000 – $ 750,000
LTV MAX LTV 80% MAX LTV 80% MAX LTV 80% MAX LTV 75%
Loan Product 3 year, 5 Year, 30 year Fixed 5 Year, 30 year Fixed 3 year, 5 Year, 30 year Fixed 3 year, 5 Year, 30 year Fixed
Credit Score Min. 650 Min. 650 Min. 650 Min. 650
Rates 5.00% – 7.49% 5.25% – 8.49% 5.00% – 9.49% 5.50% – 9.49%
Best For Credit worthy borrowers looking for an alternative to restrictive bank financing but seeking bank-type rates Borrowers who may not be able o disclose certain financial information Owner occupied borrowers who prefer to prove their income by providing 12 consecutive months of business bank statements instead of tax returns. Borrowers seeking financing based solely on the value of the property.

No DSCR Required.