Commercial Property Loans/Refi/Stated Income Get Funded
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The advantages of a Stated Income Loan!

When working with a bank to obtain a loan, business have to provide huge amounts of documentation proving their income and good credit. The requirements for a state income loan from Fargo Lending are simpler to meet and to understand. As long as the income value of a property can cover taxes, mortgage and insurance, approval is practically guaranteed.

 

  • Owner and Non-Owner Occupied Properties
  • Loan Sizes from $50,000 to $5,000,000.
  • Up to 75% LTV – Up to 80% with seller held second
  • Cross collateralization allowed for higher LTV
  • 600 Credit score to qualify
  • No up-front fees
  • 3,5,7,8,10,15,25,30 year fixed w/rates from 6.99%
  • Purchase, refinance, and cash-out refinance (limits on cash-out)
  • Interest only programs available
  • Closing in 3-4 weeks

We also offer a variety of Commercial Loans from Bridge loans to Hard Money and Fix and Flip Loans with up to 90% LTV and 100% Rehab financing.

Loan Category : Real Estate Lenders
Company : Fargo Lending
Phone Number : 8188129802
Email Address : paul@fargo-lending.com
Address (Street, City, State, Zip) : 15450 Ventura Bl Los Angeles CA 91403
Website : http://fargo-lending.com
License# : CA DRE $ 02086558
Broker Co-Op : Yes
Lender/Loan Type : Broker, Hard Money
Loan Purpose : Purchase, Rate & Term Refinance, Cash-out Refinance, Construction (Build-out/Development), Construction (Take-out), Bridge, Fix/ Flip, Joint Venture, Mezzanine
Property Types : Agricultural (Ranches, Farms, Livestock, etc.), Cannabis/ Hemp, Hospitality (Hotels and Motels), Commercial/ Industrial (Warehouse), Medical (Hospital, Rehabilitation Centers, Assisted Living), Mobile/ Manufactured Home Parks, Multifamily (5+ Units), Office (Building, Condo, Complex, etc.), Retail (Malls, Strip Mall, Store Fronts), Storage Facilities, Senior Housing, Affordable Housing
Min. $ Amount : $250,000
Max. $ Amount : $100,000,000
Max. Loan to After Repair Value : 90%
Max. Loan to Cost : No Max
Max. LTV : 90%
Occupancy : Investment Property, Non-owner Occupied
Starting Interest Rate : 6.250%
Maximum Interest Rate : 10.000%
Rate Type : Interest Only (ARM), Interest Only (Fixed Rate), Fixed Rate, 10 Year Fixed, 15 Year Fixed, 20 Year Fixed, 30 Year Fixed, 1/1 ARM, 3/1 ARM, 5/1 ARM, Adjustable
Borrower/ Entity Type : Individual, Limited Liability Company, Corporation, Limited Partnership, Trust, Individual Retirement Account, Foreign National
Term : Less than 6-months, 6-months, 1-year, 2-years, 3-years, 5-years, 10-years, 15-years, 20-years, 30-years
Minimum FICO : 600
Documentation : Full Documentation, 12 Months' Bank Statements, Stated Income, Stated Assets
Minimum Origination Fee : 1.00
Maximum Origination Fee : 2.00
Prepayment Pentalty : No
Environmental Report Required : No
Appraisal Required : Yes
Default Remedy : Recourse, Non-Recourse
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