If......the Loan Amount is between $250,000 and five million
...the borrower - is a US Citizen
- has a FICO score >= 680
- has NEVER filed for bankruptcy
- has a Net Worth >= 25% of the Loan Amount
- has liquidity >= 6 months debt service
and... - is not averse to recourse
...the property
- is retail, office, industrial, multi-family or mixed use
- has a population > 25,000 in a 5 mile ring
- has occupancy >= 85%
- is held as a Fee Simple estate (is not a leasehold)
...there is no subordinate or purchase money debt
...there are no known environmental issues
...then let's make a deal! If the statements in bold are false, that’s a quick “no!” If the answer to one or two of the others are unfavorable, let’s get together to discuss.
Click to visit the Principal Commercial Mortgage EDGE Contacts page to find the representative for your area.
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