Rates & Terms - Quotes & Commitments

* Rates & Terms, as always, are determined by the DSCR, LTV, Property Type, as well as the Borrower’s Credit Worthiness, Financial Strength and Business Experience, amongst other things. Therefore …..
     ….. A Preliminary Quote will necessarily be a “ball park” estimate.
     ….. A Formal Quote requires a basic loan package and will generally prequalify you and your property to determine whether formal underwriting is warranted.
A Loan Commitment requires a full loan package, including all information and documentation on the property, business and/or borrower (as indicated in the particular loan program matrix). Only after processing and underwriting the loan file can a formal Loan Commitment be issued.

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