Delray Beach, FL. (January 06, 2016). Ocean Capital Lending, LLC a leading mortgage company focused on originating commercial loans for it’s clients has just announced that they are now originating commercial loans utilizing stated income, bank statements or other alternative methods for underwriting commercial properties including owner-occupied commercial for those bank fall-outs.
- Loan amounts $250,000 – $2,000,000
- Owner Occupied Commercial OK
- Full doc, Lite Doc, Bank Statements OK
- Amortizations 20, 25 and 30 years
- Top 200 MSA markets OK
- Fico down to 650
- Property types include Mixed-Use, Multifamily, Office, Retail, Self-Storage, Warehouse, Industrial, Automotive, Mobile Home Parks
- No Seasoning OK
- Low Liquidity Requirements