ACF Commercial Plus Commercial Stated Mortgage Loan Program

ACF Commercial New Commercial Plus Mortgage Program is a non-traditional, non-bank program designed to keep the commercial mortgage Process quick and simple. A great program for both owner occupied borrower and commercial real estate Investors seeking a flexible , competitive and hassle-free commercial loan or apartment loan.

  • Simplified financing solution for commercial mortgages to $3 million
  • Commercial financing up to 75% of property value (80% CLTV)
  • Up to 30 year terms and fixed rate periods to 7 years – no balloons
  • Low cost with no upfront fees ( excerpt for 3rd party reports)
  • Streamlined underwriting with reduced document options (Stated and No Doc income)

Commercial loans and apartments loans availability under the AFC Commercial Plus program may vary depending on property type, state, population, economic conditions, and other variables that may negatively influence risk.

To determine if your property Is eligible & for financing under the Commercial Plus Program complete the loan summary with a fully completed 1003 and credit and one of our commercial mortgage specialists will prequalify the loan request.

Commercial Plus Mortgage Program Guidelines

Program Benefits

  • Commercial financing up to 80% CL’TV Loan terms up to 30 years
  • No balloon
  • Unlimited cash out refinancing
  • No tax returns needed for underwriting purposes ( only verification)
  • Seller seconds on a deal by deal basis
  • 600 minimum credit score
  • Investor programs available for multiple properties on one loan

Save Time and Money

  • Streamlined loan process
  • No tax returns
  • Written preliminary LOI in 48 hours
  • Closings within 30-45 days of application
  • No lengthy loan committees
  • No lengthy loan committees

Eligible Property Types

  • Office Building
  • Multifamily 5 Plus Units
  • Mobile Home Park
  • Retail – Shopping – Out Parcel
  • Office Condominiums
  • Sales Distribution
  • Medical/Dental Office
  • Auto Repair
  • Health Care
  • Warehouse – Distribution
  • Self Storage
  • Automotive
  • Mixed-Use Commercial/Residential
  • Light Industrial
  • Professional Center
  • Convenience Store (No Gas)
  • Strip Center

ACF Commercial Private Money Program

  • Property Types: Multi-family, office, industrial, retail, condos, land
  • LTV: 50-65%
  • Land LTV: 20-30%
  • Term: 6 to 36 months
  • Interest Rate: 12%-16% interest only
  • Lender Loan Fee: 2-4%
  • Broker Fee: To be negotiated
  • Loan amounts: Min $150K-No Max
  • Turn Time: 7-21 days

Builders and Developers

  • Single family Construction
  • Multi-Family Construction
  • Condo Conversions
  • Rehab Financing
  • Bridge Financing

Hard Money Testimonials:

Multi-Family Acquisition Borrower purchased 17 unit foreclosure in MA. Needed to improve and stabilize operating statement prior to refinancing with conventional lending source.

Auto Dealership Leased investment. Refinanced existing debt. Property type out of favor with most conventional sources. Borrower going through a divorce. Personal financial condition and credit history were weak as a result.

Residential Land Refinance Borrower owns large tracts of residential land in MA & FL. Private notes were in default. Refinanced existing debt.

Restaurant Acquisition Acquisition of land and building plus improvements. Borrower acquired vacant property. Property was improved and then leased out to a restaurant tenant.

Residential Land Acquisition Short sale. Borrower acquired vacant residential land adjacent to his vacation home.

Office Building Funds assisted borrower with the completion of a new multi-tenanted office building.

ACF Commercial Bank Commercial Loan Program

The Bank Commercial Loan program is a traditional commercial real estate loan program providing financing for both owner-occupied and investor properties. Refinance your commercial mortgage loan or purchase a commercial property with low fixed rates, up to 30 year terms and 75% leverage. Funded by both bank balance sheet and off-balance sheet assets, Banc Series offers several different program options – some with less restrictive underwriting guidelines – ensuring you get the commercial financing that best meets your individual needs and investment objectives.

  • Loan sizes from $200,000 – $25,000,000
  • Traditional property types only
  • 15, 20, 25 and 30 year amortizations
  • Up to 75% LTV
  • No balloons or call options
  • Multiple prepayment premium options
  • Recourse and non-recourse options
  • Two years of stabilized operating history
  • Owner occupied or investor properties
  • Minimum population requirements
  • 3, 5, 7, 10 and 15 year fixed-rate terms
  • Prime rate floating options available
  • Cash out available
  • Minimal impound reserves
  • 660 minimum credit score required
  • 1.25 minimum DSCR