Commercial Real Estate Mortgage Loans Youngstown OH

Welcome to Commercial Real Estate Mortgage Loans Youngstown OH, your trusted partner in securing the best commercial mortgage solutions in Youngstown, Ohio. Located at 366 E Florida Ave #D, our company specializes in providing tailored commercial real estate financing to meet the diverse needs of businesses in the region.

What We Offer:

At Commercial Real Estate Mortgage Loans Youngstown OH, we understand the complexities of commercial real estate financing. Our services are designed to help you navigate the stringent requirements of modern commercial lending. We offer a variety of commercial mortgage property loans, catering to both prime and subprime borrowers.

Types of Loans:

- Prime Loans: For borrowers with excellent credit ratings and strong financial profiles.

- Subprime Loans: For those with lower credit scores, leveraging nonprime lending institutions and hard money commercial mortgage corporations.

Loan Qualification:

Our underwriting process focuses on the three C’s: credit, capacity to repay, and collateral. We require:

1. A good to excellent credit rating.

2. A net operating income (NOI) that exceeds the proposed mortgage payment by 20% to 45%.

3. Comprehensive documentation including federal tax returns, financial records, bank statements, asset and liability statements, and personal financial statements.

Loan Features:

- Flexible Loan Amounts: We typically lend up to 65-80% of the real estate’s value.

- Variable/Fixed Rate Options: Choose the loan product that best suits your financial strategy.

- Competitive APRs: Our APR includes the loan’s interest rate, mortgage points, and various fees to give you a clear picture of the true cost of your mortgage.

Documentation Required:

- 2 years of federal tax returns (business and personal)

- Business-financial records

- Bank statements (savings and checking)

- Asset and liability statements

- Financial history and profiles of all business partners and directors

- Personal Financial Statement

- Debtors Resume

About Youngstown:

Youngstown, the county seat of Mahoning County, is the 9th largest city in Ohio with a population of 66,982, according to the 2010 Census. It is the heart of the Youngstown-Warren-Boardman, OH-PA Metropolitan Statistical Area, home to 565,773 residents. This vibrant city offers a dynamic environment for businesses, making it an ideal location for commercial real estate investments.