Gomberg Report Preferred RE What New Financing Recent Deals Interest Rates
Financing Programs Available
Hedge Fund Permanent Program
Hedge Fund Bridge Program
 
CMBS
 
Fannie Mae Small Loan Program
Hard Money
 
 
   
Local Banks


For New England area only
Not available in Vermont and north of Portland ME. Additionally, certain markets like Hartford CT and Springfield MA may require a stronger borrower.

  • Loan amounts from $250,000

  • Up to 70/75% LTV

  • 25-year amortization

  • Rates from the mid 4's to high 5's (loans over $1,000,000 qualify for lower rates). 

  • Minimum 2-year seasoning required for cash-out refinances - Up to 70% LTV

  • Rehab money is available

  • Cross collateral can be used for equity. Conservative values used.

  • Financing for properties with 20-30% vacancy can be accomplished through reserves that burn off after appropriate seasoning.

  • Second mortgages are available on a case-by-case evaluation.

Recent transactions originated by Gomberg Financial Service include:

$450,000 cash-out refinance loan for this mixed-use condo building in Chelsea MA comprised of 5 apartments and 2 commercial units.  The interest rate of 5.75% is fixed for 5 years and amortized over 35 years.  
$550,500 75% LTV purchase loan for this Beverly MA 6-Family and 2-Family on adjoining lots. The loan amount also included 75% of the purchase and installation cost of 6 new heating systems for the 6-Family. The interest rate of 5.75% is fixed for 5 years and amortized over 25 years.
$565,000 cash-out refinance loan for this 11-unit mixed-use property in Revere MA. The interest rate of 6% is fixed for 5 years and amortized over 35 years.
$350,000 cash-out refinance loan for this 6-unit mixed-use property in Danvers MA. The interest rate of 6.125% is fixed for 5 years and amortized over 35 years.
$675,000 cash-out refinance loan for these buildings containing 32 apartments in Springfield MA.  The interest rate of 7% is fixed for 5 yrs and amortized over 30 yrs.
$370,000 cash-out refinance loan for this 14-unit mixed-use building in Hartford CT.  The interest rate of 7.25% is fixed for 5 years and amortized over 30 years.
$438,000 75% LTV purchase loan for this 6 unit mixed use propety located in Peabody MA.  The interest rate of 6.875% is fixed for 3 years and amortized over 30 years. 
$370,000 cash-out refinance loan for this 9-unit apartment building in Rockville CT. The interest rate of 7.85% is fixed for 5 years and amortized over 30 years.
$265,000 cash-out refinance loan for this 7-unit apartment building in New Bedford MA. The interest rate of 7.05% is fixed for 5 years and amortized over 30 years.
$300,000 cash-out refinance loan for this 18-unit apartment building in Hartford CT. The interest rate of 6.875% is fixed for 5 years and amortized over 30 years.

Since it's founding in June of 1998 Gomberg Financial Services has originated over 450 commercial loans.

If you would like more information on any of our commercial loan programs, please contact our office by phone (781-631-7929) or send us an email.