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Gomberg Financial Services specializes in financing apartments buildings with 5+ units with mortgages ranging from $200,000 to $50,000,000. We also have financing programs for office, retail, mixed use, and industrial properties.
For each transaction there are usually 4-5 different financing products available. Once we understand our clients' specific needs we can make an informed and intelligent decision on which program offers the best fit.
We work with over 100 different lenders, including local banks, national banks, Commercial Mortgage Backed Securities conduits, Fannie Mae, HUD, Freddie Mac, sub-prime lenders, hard money lenders, insurance companies, and B/C market lenders.
We have also recently become a direct lender operating under Gomberg Lending, LLC.
| Gomberg Express Program |
Excellent Apt. financing - Up to 80% LTV - 5+ units - Loan sizes $500,000 to $5,000,000 - 10 yr. fixed rates from around 6.5% - Fast turnaround times - Low fixed fees
Our own alternative to the Fannie Mae 3 Max Express Program, streamlined by our Banking Partner |
| Gomberg Nationwide 80 Program |
Excellent Apartment financing - 80% LTV - Loans from $500,000 to $5,000,000 - 3, 5, 7 and 10 yr. fixed rate amortized over 30 yrs. and straight 15 yr. fixed terms available. No Balloon - 5 yr. rate from 7.5%. 10 yr. rate from 7.35% |
| Gomberg Nationwide 90 Program |
90% LTV financing with seller 10% second. The second mortgage must be on a property the borrower already owns. Same rates and terms as the Gomberg Nationwide 80 program. |
| Fannie Mae DUS Program |
Excellent Apt. financing - Up to 85% LTV - 12+ units - Loan sizes from $5,000,000 - 10 yr. fixed rates from around 6% - Non-recourse terms available |
| Small Loan Program |
Excellent Apt. financing - 80% LTV, 85% LTV with seller 2nd - Loans from $250,000 to $750,000. Low document program for 700+ credit - Low closing costs. Rates for the 3-year and 5-year fixed terms from 7.25% |
| Nationwide Commercial Loan Program |
All types of commercial properties considered - Up 80% LTV for purchases and refinance loans. Only one year seasoning required. Loan amounts from $500,000 to $15,000,000 - 10-year fixed money from the high 6's - Non-recourse terms available |
| Bridge / Apartment Rehab |
Excellent option for apartments with low occupancy and/or needing rehab - Up to 80% LTV plus up to 40% of the loan amount for rehab - Interest only during rehab and lease-up period, then converts to permanent financing |
| Rooming Houses |
Up to 75% LTV - Up to 80% LTV with a seller second mortgage - Rates from the high 8's |
| Construction Loans |
75% of the purchase costs and up to 100% of the rehab costs rolled into one mortgage - converts into mini-perm with partial releases |
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