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Follow on Google News | Stated Residential Loans 1-4 UnitsBRIC LLC Lending Guidelines With our objective strategy and common sense underwriting approach,
By: BRIC LLC STATED INCOME COMMERCIAL FINANCING BRIC LLC Lending Guidelines With our objective strategy and common sense underwriting approach, we aim to help you capitalize on the growing opportunities in our small balance commercial niche. BRIC LLC'S flexible lending guidelines were created to provide you with the best possible solutions for your borrowers. Simple to submit. Simple to qualify. Simple to close. Loan Amounts $25,000 to $2,000,000 Loan Purpose • Purchase• Refinance (rate/term & cash-out) Property Types • Class I: multifamily (5+ units) and mixed-use • Class II: office, retail, warehouse, self-storage, automotive services Debt Coverage Ratio Class I: 1.20 | Class II: 1.25 LTV Class I: 70% | Class II: 65% Fixed Period 3 & 5 year options Minimum FICO 600 Middle Score Pricing Rates starting as low as 6.99% Term 30 year fully amortizing / 30 year loan Prepayment Penalty Equal to the fixed period The BRIC Advantage • Simple loan documents • No loan committees • Common sense underwriting • Permanent financing, NO balloons Visit our website at www.thebric.com (http://thebric.net/ Leave us an Inquiry and we will get right back to you! (877) 354-1842 End
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