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
   
Local Banks

In situations where properties are in a transition mode and need upgrading or partial rehabs, local banks offer a good option.  Partial releases can be built into the loan for condo conversions.  Usually the construction costs are added into the loan amount as long as the value after the improvements are completed support the numbers.  Local banks usually lend 75% LTV and fix the loan for 5 years on a 10-20 year amortization schedule.  Recent transactions originated by Gomberg Financial Service include:

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$800,000 purchase and construction loan for a 20-unit mixed-use property in North Attleboro, MA.  The loan included a $450,000 escrow account to be used toward the property's rehab.
$345,000 cash-out refinance loan for a 16-unit mixed-use property in Haverhill, MA.   The loan is fixed for 10 yrs. at 6.99% and amortized over 25 yrs.  70% LTV.

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.