Property Type Min/Max Loan Limits LTV DSC Occup Recourse Rates Term Amort
Apartments $250K / $15MM 70-75% 1.25 85% Yes & No TB+180-400 7 to 25 Yrs 20/30 Yrs
Bridge Semi-Hard $200K / $15MM 60-75% 1.25 N/A Yes TB275-650 5 to 15 Yrs 20 Yrs
Industrial $350K / $10MM 55-65% 1.35 50-85% Yes TB+475-700 10/15 Yrs 15/20 Yrs
Mixed Use $200K / $3MM 50-70% 1.3 50-90% Yes TB+300-575 5/7/10/15Yrs 10/25 Yrs
Nursing Homes $1MM / $10MM 65/75% 1.2 80% Yes TB+300-600 20/40 Yrs 20/40 Yrs
Office  Bldgs $300K / $20MM 70-75% 1.2 80% Yes & No TB+340-525 10/20 Yrs 20/30 Yrs
* Private Hard   Money $250K / $15MM 50/70% 1.3 N/A Yes TB+700-975 1 to 3 Yrs Int only
Retail  Bldgs. $600K / $15MM 65-75% 1.25 70-85% Yes & No TB+500-925 10/15 Yrs 20/25 Yrs
Self Storage $650K / $10MM 55-75% 1.3 70% Yes TB+425-825 7/10/15 Yrs 20/25 Yrs
Note Buying $ 45k/ No Max .First only 50-75% n/a n/a per note n/a any any

                   >> When your lender says NO   or moves to SLOW   Met is the place to GO  For all your mortgaging needs.      

*FYI on Hard Money & Semi-Hard Private Bridge Loans:   

   

·         A minimum mortgage amount of $250,000. to $15MM per request..  

·         Minimum Down on purchase is between 10 to 20% of purchasers own funds.

·         In addition to purchasers down payment seller can give a second mortgage to equal difference in down 

      required to satisfy LTV and can help pay closing cost.

·         On refinancing dollar amount is subject to appraisal. *

·         Commercial Hard & Semi Hard Money loans take about 20 to 45 days to close.  

·         Hard & Semi-Hard Loans are based from 50 to 75% Loan-To-Value.*  

·         Interest rates range from 7.75% to 16%.*  

·         Term 1 to 15 years. Points in the area of 4 to 8. *  

*The above LTV’s, terms and financed amount is predicated on credit FICO score, appraisal, property type, loan amount requested etc.    

 

Note: Met will not view Single Family Homes, Rehabs, Construction or Venture Capital requests and can not service California at this time. 

Hard Funding -- when you need the money yesterday -- 24 Hour Response

 Disclaimer

Met’s web site is based on information provided to Met Mortgage corp., by other parties and/or a third party(ies). Met has not performed any independent investigation as to the accuracy or the veracity of any information contained herein.

MET makes no representations or warranties as to the accuracy or the veracity of the information contained herein or supplied at a later date in conjunction with this site and assumes no liability therefore. It is being shown for information purposes only . The sole purpose of these programs is to assist the recipient in deciding whether to proceed with a further investigation of of a mortgage request. 

These pages do not purport to be all-inclusive or to necessarily contain all the information on loan request requirement. 

Met makes no representations or warranties, expressed or implied, as to accuracy, quality or completeness of the information contained herein. Met expressly disclaims any and all liability which may be based on such information, errors therein or omissions there from.

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