Up to 90% CLTV with 15% seller second secured by another property owned by the buyer. All types of commercial properties will be considered. Loan amounts from $500,000 to $8,000,000. 3, 5, 7 and 10 year fixed terms and straight 15/15 term available. Non-recourse terms available. 10-year fixed money from around 7%. Only one year seasoning required for refinances. Amortization up to 30 years. Available Nationwide. Recent transactions originated by Gomberg Financial Service include:
$696,000, 80% LTV cash-out refinance loan for this mixed-use property in Brattleboro VT. The property consists of 18 apartments above 3 street level retail spaces. The loan is fixed for 10 yrs. at 7.03% and amortized over 30 yrs.
$1,000,000 purchase loan for this 8-unit retail strip. The loan is fixed for 10 yrs. at 7.35% and amortized over 30 yrs.
$708,750, 75% LTV purchase loan for this Rochester NY professional office building. The loan is fixed for 10 yrs. at 6.75% and amortized over 30 yrs.
$935,000 cash-out refinance loan for this 8-unit retail strip in Cape Coral FL. The loan is fixed for 10 yrs. at 6.84% and amortized over 25 yrs.
$2,850,000, 75% LTV purchase loan for this Worcester property consisting of 22 retail and office units. The loan is fixed for 10 yrs. at 6.35% and amortized over 25 yrs.
$665,000 cash-out refinance loan for this 4 unit retail strip in Merrimac MA. The loan is fixed for 10 yrs. at 6.83% and amortized over 25 yrs.
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$1,050,000 cash-out refinance loan for a 15-unit apartment building in the North End of Boston MA. The loan is fixed for 10 yrs. at 6.39% and amortized over 25 yrs.
$1,200,000 cash-out refinance loan for this retail plaza with apartments above in West Dennis MA. The loan is fixed for 10 yrs. at 6.34% and amortized over 30 yrs.
$650,000 cash-out refinance loan for a 13-unit mixed-use building in Fall River, MA. The loan is fixed for 10 yrs. at 6.5% and amortized over 25 yrs.
Since it's founding in June of 1998 Gomberg Financial Services has originated over 400 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.
