West Palm Beach, FL (December 01, 2021). Ocean Capital Lending, LLC a leading mortgage company and direct lender focused on providing commercial and residential loan products has announced they are providing small balance commercial bank fallout and subprime financing across most property types, 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 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 and Self-Storage
- Owner Occupied or Investor Allowed
- Full Doc or Limited Doc (3 mos bank statements)
- Purchase and Cash Out allowed
- DSCR down to 1.10
- Most States Accepted
- Brokers Allowed