NMLS ID:1747872

 

 

 

© 2018  BEACON POINT MORTGAGE SOLUTIONS, LLC 

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Terms of Use 

LOAN PROGRAMS & RATES expressed are representative of some product offerings but are subject to CHANGE at anytime.

*Florida Second Home Specialist is not a state designation nor a Florida State endorsement.

“THIS PRODUCT OR SERVICE HAS NOT BEEN APPROVED OR ENDORSED BY ANY GOVERNMENTAL AGENCY, AND THIS OFFER IS NOT BEING MADE BY AN AGENCY OF THE GOVERNMENT.” 

Instead this service reflects the scope of our work and commitment to make it easy for out of state residents to finance a second residence in Florida.

 

Call us! 800-466-0664

COMMERCIAL PROPERTY LOANS

(Owner Occupied)

Whether a first time purchaser, consummate investor or a refinance of an existing note, Beacon Point Mortgage  Solutions, LLC has the right product in store for you. With our “Owner Occupied” Commercial Real Estate Property Loan, you can get funded  from $250k - $2.5MM. These are small balance loans that your bank is not funding with short processing times as little as 45 days. LTV's on purchases and refinances as high as  80% (REQUIRES A STRONGER SCORE!  725 VS 700 TO GET 80% LTV). See specifications at the right sidebar.

In order to start processing, we must be presented with a complete application which involves the following required items:

  • Complete Application

  • Tri-merge Credit report (we can pull with wet signed Application)

  • Operating Agreement (2 years and YTD)

  • Rent-roll (if multi-tenant).

  • Executed Leases for Commercial Units.

  • Personal Financial Statement (for loans > $1MM)

  • Purchase & Sale Agreement (if applicable).

  • Personal and Entity Tax Returns if desiring the best pricing with FICO 700+.

  • Debt Schedule  (Monthly Personal and Corp. Debt).

. :. 

APPLICATION FORMS & SCHEDULES AVAILABLE ONLINE AT  

WWW.BeaconPointMortgageSolutions.com/Commercial-Loan-Application

01/

Reserves

6M PI/ 3M cashout Refi

02/

Stabilized rents

75% SF leased up for over 90 days

50% SF must be Owner Occupied

03/

Vesting-Seasoned TItle

Individual or Business Entity. No trusts.

04/

DSCR

1.15( FICO 700+)

1.20 (FICO 650-699)

DCSR is GLOBAL including biz/personal expenses from Credit Report

05/

FICO

Minimal FICO score is 650

Use highest borrower's FICO

06/

Documentation

2 years of  latest filed Corporate and Personal Tax Returns or Last 12 months of bank statements. 

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Jennifer A. Blanc, Esq, Principal
Beacon Point Mortgage Solutions, LLC
6750 N. Andrews 
Suite 200
Fort Lauderdale, FL 33309
www.BeaconPointMortgageSolutions.com
Tel. 800-466-0664
NMLS ID. 1747872 

COMMERCIAL PROPERTY LOANS

Owner Occupied)

Specifications