Rainey Day Financial Services LLC

Real Estate Loans

Key Benefits

1. *Residential & Commercial - All 50 States *Firsts & 2nds *Home Improvements *Construction *Apartment Complexes *Prime & Sub Prime Credit

Capabilities

Capability 1

 

Exact interest rate and term are contingent on borrower's debt service versus earnings, prior credit history and property loan to value ratio. A specific quote can be made upon receipt of a complete submission package.
 

Capability 2

 

Commercial 1st’s are a different breed. In most cases the lender relies on the income producing power of the property rather than just its appraised value. The length of the loan can vary from 5 to 25 years, with 5-year loans, for example being amortized over 20 to 25 years, with the balance due & payable or refinanced after the 5th year.
 

Capability 3  

Rate and term is dependant on the type of property, (i.e. apartment building, warehouse, office building, etc.), appraised value and cash flow. Client will receive a written quote upon receipt of a complete  submission.
Second Mortgages - Income Property
Qualifications for a commercial 2nd depends on the property income.” Positive" cash flow is a must for approval.

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Copyright © 2007 Rainey Day Financial Services LLC
Last modified: 10/03/07