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Sterling
Commercial Capital LLC is
a private commercial real estate mortgage lender,
providing competitive short-term and select
long-term loans directly, which are generally limited to first
mortgage liens on the real estate alone.
Due to the present volatility in the marketplace, our programs change from time to time, so please contact us about your transaction to ensure the program is still available, or if other more recent programs and limits apply.
We offer long term fixed rate Non-Recourse loans on apartment properties at competitive rates and 35 year terms.
We also target hard-to-finance transactions – loans which
are unable to be secured from conventional banks and other lenders
due to problems with the real estate, problems
with the borrower or principals of borrower, problems
with the transaction itself, and any combination. These include owner-occupied, single tenant as well as most multi tenant commercial properties, multifamily, self storage and even hotels.
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Featuring! |
Land loans - Atlantic coast only - $1 million to $5 million - strong sponsor - verifiable exit - LTV 50% of 90 day quick sale value - 8 points - close in 30 days - 1/2 pt commitment deposit required to pay for site visit ($6,500) and MAI appraisal
Limited Service Hotels - Holiday Inn Express, Staybridge, Candlewood, Hampton, Hilton Garden, Homewood, Courtyard, Residence, Fairfield, TownPlace, Springhill refinance only - $5 million to $20 million - major metro areas - 3 yr @ 7.5%; 5 yr @ 8.5% - 20-25 yr amort - 60% LTV / 10% Cap Rate / 1.45 DSC - full to partial recourse - 2 points - $1,750 app fee; $30,000 commitment deposit for site visit / 3rd party reports / legal - 75 day close - portfolios too. |
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- We
provide bridge loans on many property types, in
almost any condition, nationwide, which meet our
underwriting standards. [See the Bridge and Renovation loan program.]
- We offer short term land loans on Atlantic Coast properties
Our
strength is in structuring transactions so they
qualify not only for our loan programs, but also
become eligible for appropriate conventional
long term financing at the end of our specially tailored
loans.
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Loan
programs:
All loans are full documentation - the principals, the borrowers and the real estate.
The various loan programs are listed to the left and in the upper window on this page.
Loan terms and sizes:
The loan term, amortization and loan amounts differ between loan programs. Check the various loan programs listed on the left of this page for specific details.
Brokering Loans
Again due to market conditions, in the event that we are unable to make the loan ourselves, or to place a transaction directly with one of our sources, [with the knowledge and approval of the borrower, and/or the borrower's agent/broker/representative], we have the ability to broker the loan to other independent lending sources where we have a relationship. Not as partner, agent or correspondent, but as another intermediary. This will be discussed on a case by case basis. [We will never "shop" any loan - we are aware that this is not professional nor appropriate.]
We do NOT do the following types of loans:
- Single family or other residential home loans.
- Ground-up construction loans
- Development loans
- Residential, subdivision, or any other land loans.
- Mezzanine, seconds and equity transactions
- Stated, and low doc loans.
- Rural, agriculture, farming.
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