Does Your Client Need a Down Pmt?

Consider a Cash-out Refinance on Commercial Property

HERE'S ANOTHER REASON IT MAKES SENSE TO WORK TOGETHER.....

On a recently funded deal, the borrower owned a business and a commercial real estate property and was looking for funds for the down payment on a home.


Borrower is self-employed, the business cash flowed, however the borrower paid himself a small salary. For the residential loan, he was unable to use the business income to qualify and therefore needed a larger down payment.


I was able to provide a cash-out refinance up to 65% on a commercial property. This provided sufficient funds for the borrower to pay off a business partner as well as take cash out for the much needed down payment on a home.

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MORE REASONS IT MAKES SENSE TO WORK TOGETHER....

  • The Opportunity is Out There - Typical commercial mortgage is 5-year ARM creating a recurring need to re-evaluate the need for a refinance.


  • Adds More Value to You - Offer this one more product to your clients, eliminating the need for them to shop elsewhere.


  • Get Paid a Referral Fee - I am able to pay referral fees for commercial real estate deals.

JON KLEVEN

(714) 470-7381

jkleven@monarchcc.com


Monarch Commercial Capital

Commercial Real Estate Funding Manager

SBA Specialist