B"H "Prosperity cannot be restored by raids upon the public treasury."
-Herbert Hoover, 31st U.S. President, (1929-1933)
Seren Funding Corp.
No Construction.No Land.No Farms.No Gas Stations.No Churches.
Commercial Mortgages (Loan Officer Licensing Not Required.
RESPA does not cover Commercial Real EstateTransactions.)
E-mail Scenarios to lender@serenfunding.com or Fax: 516.224.7428
STATED COMMERCIAL MORTGAGE LENDING: MOST STATES* & MOST COMMERCIAL PROPERTY TYPES. $75,000 - $400,000. MIN MID CREDIT 600 For Commercial borrowers that NEED money, not for Rate shoppers. *Not available in all states, please ask. Properties We Can Close on: Automotive, Restaurant, Office, Retail, Mixed Use, Multifamily, Motel. Day Care Properties will be considered.
BRIDGE LOANS/HARD MONEY: NYC-LI Metro Area
For: When Banks Say No, Fast Closing, Solving a Problem, Taking Advantage of Opportunity.
Most PropertyTypes Funded
We Can Lend on Properties with Tax Delinquencies and Tax Liens.
See Info Sheet and Submission forms
Multi Family Commercial Mortgage. Rates starting in the 5%-6% Range. Minimum Mortgage $750,000. Minimum Building Value $1,000,000. See Info sheet to left for more info.
Commercial Prices Roll Back to 2002 Levels
Commercial property prices have fallen nearly 44% since their peak two years ago, "it is now necessary to look to properties purchased in 2002 to find positive price appreciation." "On average, loans originated at a 75% LTV in 2005 or later are now under water" with an average LTV today of 108%
Source: Moody’s/REAL Commercial Property Price Index report.
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