Commercial Loans "made easy" by Tripoint Mortgage Group Inc.



Commercial loans from Banks and Institutions can be a slow and daunting process often taking 90 to 120 days to close. Banks also typically have very strict credit requirements and more often than not offer low loan to value ratio's (resulting in larger downpayment requirements). However, you do have other options.

Tripoint Mortgage offers many competitive, innovative and flexible commercial loan programs from small commercial loans and investment property loans to multi-million dollar commercial loans. Take advantage, and benefit from greater flexibility and faster turnaround times compared to traditional Bank financing. Our loans often close in 30-60 days, much faster traditional Banks and Institutions.

Call the team at Tripoint Mortgage today, we are committed to offering our clients the highest level of customer satisfaction. Take a moment and browse some of our most popular programs below and of course, feel free to contact us with any questions you may have.  

Stated Programs           Full Doc Programs
SIVA - Stated Income Stated Asset Loan $100,000-$1,000,000 Up to 85% LTV (90% CLTV) 1, 2, 5, 15, 20, 25 & 30 yr Fixed Fully amortized for 15 to 30 yrs (no balloons) No DSCR requirement No seasoning required Most property types Fast closings 650+ credit score Stated Program for Owner Occupied No Tax Returns or Financial Statements Required $100,000 - $2,000,000 LTVs up to 90% 2, 5, 10, & 30 yr Fixed DSCR requirement 1.20–1.30 Minimum owner occupancy of >25%. 660+ credit score Stated Express Program for Owner  Occupants $100,000- $1,000,000 No Tax Returns or Financial Statements Required LTVs up to 90% 2, 5, 10, & 30 yr Fixed Property DSCR is NOT calculated or required. Fico Requirements start at 660 Investment Property Low Doc $100,000- $3,000,000 Up to 90% CLTV No Tax returns or financial statements required DSCR of property 1.10 for Multi- unit and 1.20 on Commercial	Full Doc Program 1 $100,000-$1,500,000 Up to 97% LTV 2, 3, 7 & 30 yr Fixed Fully amortized for 15, 20 & 30 yrs (no balloons) Discretionary income may be used to meet DSCR requirements DSCR requirement 1.20 580+ credit score Full Doc Program 2 $500,000-$10,000,000 Multifamily up to 80% LTV Commercial up to 75% LTV 3 yr Interest only option 30 yr amortization 3, 5, 7, 10 & 15 yr Fixed DSCR Multifamily 1.20 Commercial 1.25 660+ credit score Full Doc O/O Properties $100,000- $5,000,000 Up to 90% CLTV Purchase, 80% R/T & 75% LTV Cash out 2, 5, 10, & 30 yr Fixed Combined Personal and Business Debt service requirement 1:1 without third party tenant income 600+ credit score  Full Doc Investment Properties $100,000- $5,000,000 Up to 90% CLTV 2, 5, 10, & 30 yr Fixed 640 Fico Full Doc $500,000 - $10,0000 LTV up to 80% 3,5,7,10 yr Fixed 40 Year Amortization Available Interest Only Option Available No Lock-outs

Our team of commercial loan professionals know and understand what it takes, to bring all parties including appraisers, title agents, real estate agents together to successfully complete and fund your commercial loan package.

Tripoint Mortgage Group offers commercial real estate loans to suit nearly every borrower, circumstance and property type. We have stated commercial loans up to 5 million for the borrower with less than perfect credit (575+ minimum credit scores) and full doc loans up to 10 million focusing on the A+ borrower with excellent credit and positive cashflow. Are you ready to pre-qualify, call team Tripoint Mortgage today!

We have great loan programs for the following property types and more...

Multi Family Properties Apartment Buildings Mid & Hi-Rise Apartments Senior Living Low & Moderate Income
Retail Properties Strip Centers Single Tenant Outlet Malls Regional Enclosed Regional Unenclosed
Warehouse- Light Manufacturing Light Manufacturing Heavy Manufacturing Special Purpose Multi-Tenant Owner User Warehouse/Distribution Self-Storage
Office Mixed Use Single Tenant Office Over Retail Mid & Hi-Rise Office and more...

Required documentation for commercial loans vary depending on property type. If the property is considered an investment property or an owner occupied business., some lenders will require a personal guarantor. The team at Tripoint will determine this factor once we receive your loan application and supporting documentation.

An investment property is where rents are collected and where the rents are the main source of repaying the mortgage loan and other property related expenses.

Typical items needed for an (LOI) a lender letter of interest or pre-approval which details the lenders specific rates and terms:

· Rent Rolls/Schedule of Leases
· 3 years P&L (or appropriate schedule from tax return)
· 3 years personal tax returns for personal guarantor(s)
· Personal financial statement for personal guarantor(s) (or residential loan application)
· Purchase contract (if a purchase)
· Credit report 

After initial loan review we will also collect:

· Lease agreements
· Appraisal
· Insurance information
· Payoff information

Owner-Occupied Properties are any property where the source of loan repayment is the owners business. If the property is leased to tenants and only partially owner occupied, you will need to provide items listed in both sections.

Typical items required for issuing a lender letter of interest (LOI) or pre-approval which details lenders specific rates and terms:

· 3 years business P&L and Balance Sheet
· 3 years business tax returns
· 3 years personal tax returns for personal guarantor(s)
· Personal financial statement for personal guarantor(s) (or residential loan application)
· Purchase contract (if a purchase)
· Credit report 

After initial review we will also collect:

· Appraisal
· Insurance information
· Payoff information

New Construction or Rehab Properties:

· A brief executive summary explaining use and income source from the property and background.
· Simple recap of Construction Costs.
· Plans and Specifications for construction.
· Most current rent roll, if the loan is for acquisitions with substantial rehabilitation needs.

In some cases, lenders may also require additional supporting documentation. Not to worry the team at Tripoint Mortgage Group is here to help every step of the way, contact us today!