Log In  |  Contact Us  |  Help
Commericial

 

Program Features
Amortization options: 15, 20, 30 Years
Fixed or Adjustable Rate loans: 6 Months, 2 Year, 3 Year and 7 Year
Limited cash-out up to $1,000,000
Seller financing permitted up to 95% CLTV (Credit Driven)
Owner-occupied or investors
No depository relationship required
All types of entities considered
No loan committees
Seller concession up to 3 %
No limit on the number of units or properties
LTV + CLTV options to 95%
Standardized closing documents to reduce attorney fees

1.0 to 1.2 DSCR range

Flexible prepayment buyout options

Eligible Property Types
Multi Family
Mixed- Use
Office
Retail
Warehouse
Self Storage
Light Industrial
Mobile Home Parks
Bed & Breakfast


Ineligible Property
Churches
Auto Body Repair
Environmental Concerns


Pre-approvals
Within 48 to 72 hours

Qualify Two Ways
Debt Service Coverage Ratio (DSCR) and or Debt-To-Income.

Conditions Not Accepted
Bankruptcy less than 7 years
Delinquent mortgage payments in last 12 months


Third Party Fees
Appraisal $1,200 to $2,200
Flood Certification
Environmental Insurance: $400-600
Attorney Fees: $750-2,000
Title Insurance: Standard state rates


Closings
Within 30-45 days

 

 

BARTON MORTGAGE CORPORATION
70 Center Street, Penthouse Suite 401, Portland, ME  04101
Office:  (207) 775-2620
Toll Free:  (866) 526-8111
info@bmcfirst.com
Copyright © 2017 BARTON MORTGAGE CORPORATION NMLS #2352
Privacy Policy  | Security Statement  |  Site Map