PATRIOT COMMERCIAL LOANS LLC

PATRIOT COMMERCIAL LOANS LLC

No upfront fees and a rapid response make us the best choice for securing your business funding!

Some of the benefits you'll enjoy when working with us:

Flexible financing options
Direct underwriting
Approvals you can count on
Letter of intent within 3 business days
Cash out allowed
Credit score allowed as low as 600

We provide quick close acquisitions; partner or equity buyouts; workouts and debtor-in-possession bankruptcy loans; equity cash-outs for appreciated assets; foreclosure avoidance; commercial real estate acquisitions; and discounted debt repurchases.


GENERAL GUIDELINES FOR RESIDENTIAL AND COMMERCIAL PROPERTIES

Please note that the following are general guidelines, all loans are reviewed on a case-by- case basis and stand on their own merits.

100% Purchase/Rehab Financing is available. The repair funds of the loan go into a repair escrow account. The escrowed repair funds are paid to the Borrower/Rehabber contractor on a reimbursement basis in the form of “draws” upon completion. That means, the borrower or contractor performs repairs, pay for materials and labor and then request a draw for repayment.

All deals may require a minimum amount of money coming from the borrower into the deal. How much depends on the deal itself and will be determined on a case-by-case basis. However, it is a good idea to assume at least 10% will be required in most cases to cover normal costs associated with closing, settlement and down payment.

Seller is allowed to contribute any amount of the sales price towards closing costs. Seller may also carry a second mortgage to facilitate a no money down purchase.

All loan decisions are asset based and do not require minimum credit scores. A soft pull credit report is required in submission package for informational purposes only.

Income verification is not required.

Most loans are Interest Only based on a 12 month period.

Term of the loan ranges from 6 months to 24 months.

Interest rates range from 8 to 15%.

Consultation fee is a minimum of $2,995. depending on the type of loan product selected, loan term and loan size.

Value of property is established based on BPO, CMA or Appraisal at the lender’s discretion.

Turn time may vary from 3 days to 3 weeks depending on difficulty of the project.

Location: all of Continental United States

Cash out refinance allowed.

Loan sizes from $40,000 to $5 Million

Referral Code: KORA

TOM LOWRY
PATRIOT COMMERCIAL LOANS LLC
8870 DARROW RD. STE. F106-277
TWINSBURG, OHIO 44087
(216) 470-2657
WWW.COMMERCIALLOANPROVIDER.COM
COMMERCIALLOANPROVIDER@GMAIL.COM