Gomberg Report Preferred RE What New Financing Recent Deals Interest Rates
Gomberg Express Program
Gomberg Nationwide 80 Program
Gomberg Nationwide 90 Program

Available from other lenders
Fannie Mae DUS Program
Market Rents Program
Nationwide REIT Program
West Coast Program
Nationwide Commercial
Loan Program
No Document Program
Cross Collateral
Commercial Mortgage
Backed Secrities
Sub Prime Lenders
Local Banks
FHA 221D-4
Fannie Mae Funded
Forward Program
Construction Loans
Rooming Houses
   
Funded Forward Commitment

This program from a Fannie Mae lender is used in conjunction with a local bank construction lender and is permanent financing.  It will lend up to 80% LTV on projected income, or 100% of cost, and expenses as determined by the lender.  You can get a 2 or 2.5 year lock at today's rate plus a 6-month extension option.  Only one set of documents (appraisal, engineering, environmental, market study) is required, in unison with the construction lender.  Additional financing is available if projections are low at the time of take out.  Once the project is stabilized with a minimum DCR of 1.1, the construction lender is taken out.  Fannie Mae will also fund the construction lender up to 4 draws as the work progresses.  Depending on the size of the loan, the permanent loan will be either a Three Max Express of DUS product .  Rates are from the mid 6's. 

Since it's founding in June of 1998 Gomberg Financial Services has originated over 370 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.