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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
   
Market Rents Loan Program


This program from a nationwide lender is for apartment buildings.  Ideal for financing under-rented apartments, this program uses market rents to qualify the property.  Fixed terms of 3, 5, and 7 years are available with no balloon.  Loan amounts from $500,000 to $5,000,000.  Up to 80% LTV for purchases.  Low pre-payment penalties.  Zero points available.  Requirements include 700+ FICO score, real estate ownership and management experience, minimum 1.0 DCR based on actual rents, and market vacancy to not exceed 8%.  Recent transactions originated by Gomberg Financial Services using this program include:

$1,300,000, 80% LTV purchase loan for this 28-unit apartment building in Bristol CT.  The loan is fixed for 5 yrs. at 7.55% and amortized over 30 yrs.  Zero points paid by the borrower.
$1,340,000, 80% LTV purchase loan for this 16-unit apartment building in Dennisport, MA.  The loan is fixed for 7 yrs. at 7.325% and amortized over 30 yrs.  Zero points paid by the borrower.

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.