A list of the requirements for a Commercial Mortgage
IDEAL candidates will possess the following:
- 650+ credit scores
- Personal financial statement and past 3 years tax returns
- No mortgage late-pays within the past 12 months
- LTV of 80%, DTI ratio below under 40%
- Property with debt coverage ratio of at least 1.25, 90% occupied (helps but not required)
Always apply for consultation. If you do not qualify, 100 Percent Financed can help you.