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
   
Rooming Houses

Financing for this type of property is generally harder to secure than for apartments because of the cash nature of the business and the high turnover of tenants.  Interest rates are usually higher and the LTV is usually lower.  Some lenders will provide up to 75% LTV, or up to 80% LTV with a seller second mortgage.  Recent transactions originated by Gomberg Financial Service include:

$900,000 purchase loan for this Lodging House consisting of 40 rooms and 4 studio apartments.  The interest rate of 7.25% is fixed for 2 years and amortized over 15 years.  The purchase price was $1,345,000 and the loan LTV was 67%.

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.