COMMERCIAL LOAN PROGRAM
Multi-Family, Mixed Use, Apartment Complexes, and More
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COGO CAPITAL, THE NATION’S FASTEST GROWING PRIVATE MONEY LENDER, DELIVERS SPEED, LEVERAGE, AND CONSISTENCY TO HIGHLY EXPERIENCED AND NEW REAL ESTATE INVESTORS!
COMMERCIAL LOAN GUIDELINES
Property Types | Self-Storage, Apartment Complexes, Multi-Family, Mixed-Use |
Loan Amounts | $100K–5MM |
Interest Rate | Starting at 7.74% |
Origination Points | Starting at 1% |
Referral Fee | 25 bps (no brokering) |
Evaluation | Appraisal |
Minimum Credit Score | 650 |
Included States | All States EXCEPT – IL, ND, NV, MI, MN, SD, VT |
CLTV | 90% maximum CLTV |
Loan Type | Acquisition and 30 Year (NO REHAB) |
TERMS AND RATES
Tier | Multi-Family and Mixed-Use 5+ Unit | All Others | |
Fixed Term | 30-Year | 30-Year | |
LTV Max | 75% | 70% | |
1 | FICO ≥ 750 | 7.74% | 8.24% |
2 | FICO 700–749 | 8.24% | 8.74% |
3 | FICO ≥ 650 | 8.99% | 9.49% |
GENERAL GUIDELINES
Loans < $250K | Add 50 bps to the matrix above. |
Loans > $750K | Reduce rate .50% |
Experience | First time investor = 5% LTV reduction for all property types |
Income Verification | Simple documentation |
Appraisal Process and Fee | Contact your Account Executive to learn about our streamlined process and cost |
Impounds | Required for property taxes and insurance |
Foreign Investors | 65% maximum LTV |
CLTV | 90% maximum CLTV |
DSCR | 1.2 or higher |
START LOAN APPLICATION PROCESS
Not available where prohibited by law, or in states where Cogo Capital does not trade. Loans are available only on non-owner occupied real property. This is not a commitment to lend. All offers of credit are subject to approval. Restrictions may apply. Cogo Capital reserves the right to amend rates and guidelines. NMLS #1760709; Arizona Mortgage Broker License #0950084; California Finance Lenders License 60DBO-101344. Loans are also available in California through Cogo Capital Orange County, Inc. – California DRE License #01928542; NMLS #1051036. Please click here for the Secured Investment Corp NMLS Consumer Access Page.Disclaimer: The above statements are not and shall not, under any circumstances, be construed as a commitment on the part of Cogo Capital to provide any financing. COGO CAPITAL SHALL BE UNDER NO OBLIGATION TO FUND ANY LOAN TO ANY BORROWER UNLESS AND UNTIL IT IS SATISFIED, IN ITS SOLE AND ABSOLUTE DISCRETION, WITH ITS DUE DILIGENCE REVIEW AND FORMAL LOAN DOCUMENTS PREPARED BY ITS COUNSEL.