Gomberg Report Preferred RE What New Financing Recent Deals Interest Rates
Gomberg Express Program

Available from other lenders
Fannie Mae DUS Program
Commercial Loan Program
Adjoining Multi-Family Loan Program
Mixed-use Loan Program
Fractured Condo Loan Program
Rooming Houses
   
Plan B Loan Program

This program has low fees, fast turn around time, and can be rate locked at the time a letter of interest is issued. Loan amounts from $200,000 to $1,500,000. 3, 5, 7 and 10-year fixed terms with 30 year amortization. Best rates available for borrowers with 680+ credit. Recent transactions originated by Gomberg Financial using this program include:

Two 80% LTV purchase loans for the same borrower. Both apartment building properties were in Springfield MA, one a 6-unit and the other a 16-unit. Both loans, $192,000 and $512,000, are fixed for 5 years at 7.49% and amortized over 30 years.
$400,000, 80% LTV purchase loan for this 7-unit apartment building in Salem MA. The purchase price was $500,000 and the seller gave a $10,000 credit towards closing costs and prepaid items. The interest rate of 7.49% is fixed for 5 years and amortized over 30 years. Loan closed in under 40 days.
$531,200, 80% LTV purchase loan for this 14-unit apartment building in Brockton MA. The interest rate of 7.49% is fixed for 5 years and amortized over 30 years.
$240,000, 80% LTV purchase loan for this 7-unit apartment building in Orange MA. The interest rate of 7.5% is fixed for 5 years and amortized over 30 years.
$370,000 cash-out refinance loan for this 9-unit apartment building in Rockville CT. The interest rate of 7.85% is fixed for 5 years and amortized over 30 years.
$348,000, 80% LTV purchase loan for this 5-Family in Chelsea MA. The interest rate of 7.5% is fixed for 5 years and amortized over 30 years.
$265,000 cash-out refinance loan for this 7-unit apartment building in New Bedford MA. The interest rate of 7.05% is fixed for 5 years and amortized over 30 years.
$300,000 cash-out refinance loan for this 18-unit apartment building in Hartford CT. The interest rate of 6.875% is fixed for 5 years and amortized over 30 years.
$504,000, 80% LTV purchase loan for this 10-unit mixed-use property in Methuen, MA. The interest rate of 6.75% is fixed for 5 years and amortized over 30 years.
$684,000, 80% LTV purchase loan for this 23-unit apartment building in Manchester, NH. The interest rate of 6.75% is fixed for 5 years and amortized over 30 years.
$963,000, 75% LTV purchase loan for this 28-unit apartment property in Pembroke, NH. The seller gave the buyer a 10% second mortgage which let the buyer purchase the property with just 15% down. The interest rate of 6.5% is fixed for 5 years and amortized over 30 years.
$253,400, 80% LTV purchase loan for this 6-Family in Buffalo, NY. The interest rate of 7.75% is fixed for 5 years and amortized over 30 years.
$328,000, 80% LTV purchase loan for this 6-unit mixed-use property in Middleboro, MA. The interest rate of 6.75% is fixed for 5 years and amortized over 30 years.

Since it's founding in June of 1998 Gomberg Financial Services has originated over 425 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.