Ocean Capital Lending, LLC has the expertise in assisting business and property owners the opportunity to secure senior mortgage debt that is considered a bank fallout or subprime, whether it be credit score, loan to value, property type, DSCR, liquidity, or combination thereof. Typical first lien perm loans range from $25,000 – $5,000,000 for most property types and instances up to a 80% LTV.
Highlights:
- Fixed and adjustable rate loans from 5 years out to 30 years
- No min credit score (preferably 600+)
- Loan sizes from $25,000 – $5,000,000
- Up to 80% LTV (Multifamily, Mixed Use, Warehouse, Light Industrial), lower LTVs for Retail, Office, Mobile Home Parks, Self-Storage, Restaurant, Bar, Day Care Centers and Automotive.
- Owner Occupied or Investor Allowed
- Full Doc, Limited Doc or No Doc Options
- Purchase and Cash Out allowed
- DSCR down to 1.0
- Most States Accepted
- Brokers Allowed