Sterling
Commercial Capital is
a nationwide commercial real estate mortgage
banker. We offer wholesale first mortgage commercial
loans as a direct lender. We also have the
flexibility to tailor the right loan
product for the borrower, as a correspondent
or agent, through our Investor
network.
We
offer conventional long term non-recourse financing
- for quality borrowers with quality,
stabilized, income producing, commercial properties,
as well as
FHA and Student housing-construction loans,
beginning at $3 million.
We
offer conventional long term full recourse financing
- with a wide range of stabilized,
income producing, commercial properties of many
types, beginning at $1 million.
We
also target hard-to-finance transactions – loans
which are unable to be secured from conventional
lenders due to problems with the real estate,
problems with the borrower or principals
of borrower, problems with the transaction
itself,
or any
combination. These
include owner-occupied, single tenant as well
as most multi tenant commercial properties, multifamily,
hotels, self storage and special purpose. Non
and full personal recourse. Beginning at $2 million.
We do NOT make the following types of loans:
- Single
family or other residential
home, purchase, refi, construction or subdivision
loans.
- Development
loans
- Infrastructure
loans
- Stated and
low doc loans
Due
to present market volatility, programs change
from day to day. Please contact us about
your transaction to ensure the program is
still available, or if more recent programs
or terms apply. 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. Documentation:
All loans are full documentation - the transaction,
the borrowers/principals and the real estate.
No "stated" or "no
doc" loans
First
step is to email a loan summary with photos.
This
Month's Feature:
Short
term bridge loans for repositioning:
DPO
- Note buy-downs; BK; Debtor-in-Possession;
high vacancy; credit repair; REO portfolio purchases;
Note
portfolio
purchases;
partnership buy-outs; quick closings; busted/fractured
condos; and more.
For loans over $3 million: up
to 85% LTC/LTV non-recourse;
For loans over
$2 million, up to 65% LTV/LTC full recourse;
12-24-36
month terms; 10% to 15% depending
on
the deal and LTV,
DSC, personal
credit, and exit strategy.
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