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Commercial Loan Direct (CLD Capital) Reports a 35% Increase in Small Commercial Loan Origination

Commercial Loan Direct reports an increase of over 35% from its 2011 small balance commercial loan production by offering more products in the $1MM to $5MM range.

 
PRLog - Jun. 28, 2012 - ATLANTA -- Commercial Loan Direct, a business division of CLD Capital and one of the top five online originators of commercial and apartment loans in the country, has increased its overall loan production by widening its small balance product base.

CLD is now offering the following small balance loan products:

Small Multifamily Mortgage Fannie Mae Loan Program
http://www.commercialloandirect.com/small-balance-mortgages-main.html

Loan Amount: $1Million to $3 Million (up to $5 Million in selected markets)
Terms: 5, 7, and 10 years
Amortization: 25 and 30 years.
Prepayment: Multiple options
Loan to Value Ratios: 75% for most loans
Debt Coverage Ratios: Minimum 1.25:1
Multifamily Small Mortgage Wholesale Loans.

Loan Amount: $1 Million to $5 Million Loan
Terms - fixed rate: 2, 3, 4, 5, 6, 7 and 8 Year Loan Terms Available for Fixed Rate Products.
Terms - adjustable rate: Maximum 5 Years
Amortization: 20, 25, and 30 years
Prepayment: Multiple options
Loan to Value Ratios: 75%
Debt Coverage Ratio: 1.25:1
Multifamily Small Mortgage Conduit

Description: Fixed-rate, non-recourse financing. Commercial mortgages are secured by income property.
Loan Size: $1 Million - (prefer $2 Million plus.) No maximum.
Term: 5 - 20 years
Amortization: 30 Years Maximum
Recourse: Non-recourse with standard carve-outs
Interest Rate: Fixed interest rates priced at competitive spreads over comparable maturity U.S. Treasury
Small Commercial Loans
Small Wholesale Loan
Commercial Loan Direct offers a very competitive and flexible commercial wholesale loan program.

Loan Amount: $1 Million to $5 Million Loan
Terms - fixed rate: 2, 3, 4, 5, 6, 7 and 8 Year Loan Terms Available for Fixed Rate Products.
Terms - adjustable rate: Maximum 5 Years
Amortization: 20, 25, and 30 years
Prepayment: Multiple options
Assumable
Recourse: Yes
Multi-use up to 75% LTV (warehouse, manufacturing, office, retail, medical office.) 90% LTV with companion SBA-504 loan
(*) LTVs could be higher if loan qualifies for SBA 504 program.
Conduit Small Commercial Loans - CMBS (non-recourse)
The Commercial Mortgage Backed Securities market is one of the fastest growing segments of the commercial mortgage industry.

Loan Amount: $1 Million - $5Million
Pricing: Fixed interest rates priced at competitive spreads over comparable maturity U.S. Treasury
Term: 5 - 20 years
Amortization: 30 Years Maximum
Prepayment: Multiple options
Loan to Value Ratios: 80%
Assumable
Recourse: Non-recourse
Property Types: office, retail, industrial, multifamily, manufactured housing and hotel
Availability: Nationwide

http://www.commercialloandirect.com/

CLD also offers Small Business Administration (SBA Loans) and USDA B&I Loans
Commercial Loan Direct ('CLD') a division of CLD Capital is a wholesale commercial mortgage lender and apartment mortgage banker originating for its own portfolio. In addition to offering its own financial programs, CLD has partnered with institutional investors, Fannie Mae, Freddie Mac, FHA, SBA, USDA, life insurance companies, banks and real estate investment trusts to bring you a wider selection of additional lending vehicles. With a focus on commercial loans over $1 million, a diversified mix of financing products, a state of the art online commercial lending platform, and a staff of experienced professionals, CLD provides a cost-efficient solution for apartment lending and commercial property financing.

View CLD's Commercial Loan Rates as of today
http://www.commercialloandirect.com/commercial-rates.php

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Contact Email:
***@commercialloandirect.com Email Verified
Source:Commercial Loan Direct
Phone:800-687-0797
Zip:30342
City/Town:Atlanta - Georgia - United States
Industry:Finance, Mortgage
Tags:commercial loans, apartment loans, Small Business, mortgages
Shortcut:prlog.org/11910516
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