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Gomberg Express Program
Gomberg Nationwide 80 Program
Gomberg Nationwide 90 Program

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Gomberg Nationwide 90 Program


90% LTV financing with seller 10% second.  The second mortgage must be on a property the borrower already owns.  Second mortgage does not effect the debt coverage.  Same rates and terms as the Gomberg Nationwide 80 program. Recent transactions originated by Gomberg Financial using this program include:

$332,000,  80% LTV purchase loan  + $40,000 seller second for this 5-Family property in Taunton MA.  The loan is fixed for 10 yrs. at 7.8% and amortized over 30 yrs.  Zero points paid by borrower.  
$700,000,  80% LTV purchase loan  + $50,000 seller second for this 24-unit apartment complex in Hardwick MA.  The loan is fixed for 10 yrs. at 7.06% and amortized over 30 yrs.  Zero points paid by borrower.  
$504,000,  80% LTV purchase loan + $50,000 seller second for this 11-unit apartment building in Woonsocket RI.  The loan is fixed for 10 yrs. at 7.22% and amortized over 30 yrs.  Zero points paid by borrower.
$536,000,  80% LTV purchase loan for this 20-unit mixed-use building in Athol, MA.  The loan is fixed for 10 yrs. at 6.93% and amortized over 30 yrs.  The borrower only put down 10% cash.  The other 10% was given to the seller as a second mortgage on a property the borrower already owned..  Zero points paid by borrower.
$2,360,000,  80% LTV purchase loan + 10% seller second for this 24-unit apartment building in Randolph, MA.  The loan is fixed for 5 yrs. at 5.95% and amortized over 30 yrs.  The loan is assumable and adjusts on the 6-month LIBOR after the 60th month.

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.