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!!