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
   
No Document Program

No Document Program from a national bank for loan amounts from $300,000 to $1,500,000.  This program requires no tax returns, no bank statements, or job verification.  Rates are based on FICO scores, with a minimum middle score of 620 required.  It offers 3 yr. and 5 yr. ARMS which do not balloon and can be amortized over 10-25 years.  Loan to value of 75% or a combined loan to value of 80%.  This program also is available in certain B/C markets and can be used for commercial properties.  Recent transactions originated by Gomberg Financial Services using this program include:

$365,000 purchase loan for a 6-unit mixed-use building in Uxbridge, MA.  The interest rate of 6.5% is fixed for 3 yrs. and amortized over 25 yrs.
$560,000 refinance loan for a 12-unit apartment building in Lowell, MA.  The interest rate of 6.375% is fixed for 5 yrs. and amortized over 25 yrs.
$455,000 refinance loan for a mixed-use building in Fall River, MA.  The interest rate of 6.875% is fixed for 3 yrs. and amortized over 25 yrs.
$315,000 refinance loan for a 6-family property in Lowell, MA.  The interest rate of of 6.875% is fixed for 5 yrs. and amortized over 25 yrs.
$258,300 purchase loan for a 6-family property in Lawrence, MA.  The interest rate of 6.875% is fixed for 5 yrs. and amortized over 25 yrs.

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.