Program A5

Commercial Loans

LOAN AMOUNT

- Minimum: $25,000
- Maximum: $350,000
LOAN TERM 5 Years – 25 Years
RATE Fixed Rate
PREPAYMENT PENALTY - 5% Months 1-12
– 4% Months 13-24
– 3% Months 25-36
– 2% Months 37-48
– 1% Months 49-60
PERSONAL GUARANTEES Personal guarantees are required on all loans.
ADDITIONAL COLLATERAL As Needed
MAXIMUM COMBINED LOAN TO VALUE CLTV’s considered up to 65% on a case by case basis
MINIMUM PROPERTY VALUE $75,000
LIEN POSITION First liens on primary collateral

OCCUPANCY

- Owner Occupied
- Non-Owner Occupied (Case by Case)
CASH OUT REFINANCES Maximum cash to borrower is $75,000
CREDIT QUALITY MORTGAGE - Mortgage must be rated at least 24 month.
– Mortgage rate sporadic 30, 60, 90 day case by case.
CREDIT QUALITY CONSUMER CREDIT Case by case, writen credit explanation required at time of application.
CHARGE OFFS/ COLLECTIONS/ BANKRUPTCIES - Charge offs are allowed in the prior 12 month period.
– Bankruptcies must be discharged.
FINANCIAL REVIEW - 3 primary business/trade references may be required
– The existense of the business for at least 3 years must be documented
– Business tax returns for the past 2 years required.
RESTRICTIONS - Corporate or business losses cannot exceed 5% of gross sales
– No start up ventures.
APPRAISALS An Apex obtained appraisal is required on all properties.
ENVIRONMENTAL - All loans must have an environmental questionnaire completed.
– All loans require the payment of an Environmental Processing Fee of $500-$1,500.
AGE OF DOCUMENTATION - Credit documents cannot be more than 90 days old
– Appraisals must be less than 60 days old at the time of closing.
ELIGIBLE PROPERTY TYPES See attched LTV list
INELIGIBLE PROPERTY TYPES
  • Gas Stations
  • Salvage Yards
  • Farmland/Rural Properties
  • Vacant Lots
  • Manufacturing/Industrial Properties
  • Dry Cleaners (drop off/pick up considered)
  • Condo Hotels
  • Cooperatives
  • Manufacturing Housing/Mobile Homes
  • Assisted Living Facilities
  • Bar/Restaurants
PROPERTY TYPES MAX LTV
Single Family Residence (additional collateral only) 65
2-4 unit property 65
5-9 unit property 60
7-12 unit property 60
Mixed Use (1 commcl & 1-4 unit resi) 65
Mixed Use (commerical & residential) 60
Professional Office Space 60
Retail Store (Free/Strip Standing) 55
Office/Warehouse 50
Garage/Storage 50
Motel/Hotel 55
Auto Body/Auto Repair 50 + 100 BPS + Primary Residence
Small Commercial 55

UNDERWRITING DOCUMENTS REQUIRED

1. Summary sheet
2. COMPLETED 1003 application
3. Credit report

Call 866-227-4012 or visit www.trinixcommercialcapital.com for a free
no obligation consultation on any of these programs!