Purchase Loans
Make it easier for borrowers to acquire commercial real estate and achieve their financial goals.
- Low rates
- Full or lite doc
- Experienced team
Fast Closings
Help your borrower feel more confident about meeting seller deadlines
More flexibility than banks or SBA programs
Help your clients secure financing without providing tax returns
Greater certainty
Our team has helped thousands of borrowers secure financing. We understand your client’s needs.
CommercialProgram | 1-4-Unit InvestorProgram |
|
|---|---|---|
| Purpose | Purchase/Cash-Out/Refinance | Purchase/Cash-Out/Refinance |
| Loan Sizes | $100K - $2MM | $100k - $2MM |
| Terms | 5-Year ARM 30-Year Fixed | 5-Year ARM 30-Year Fixed |
| Amortization | 15,25,30 | 15,25,30 |
| Max LTV | <$500K: 75% >$500K: 70% | <$500K: 75% >$500K: 70% |
| Min FICO | 650 | 650 |
| Min DSCR | Owner-Occupied: 1.2* Investor: 1.15** | 1.0* |
| Stabilization | 75% occupancy required over a 90-day trailing UW period** | SFR/Duplexes - 100% Triplexes - 66.67% 4-Plexes - 75% |
| UW Method | Owner-Occupied: Global DSCR Investor: Property DSCR | Property DSCR |
| Documentation | 2 years personal and business tax returns | No tax returns required. Leases if using actual rents |
| Eligible Properties | Tier I: Multifamily, Mixed-Use (primary res) Tier II: Retail, Mixed-Use (primary comm), Warehouse/Self-Storage, Office, Light Industrial, Automotive, Mobile Home Park | 1-4-Unit Attached/Detached, PUD, Single Family, Townhome |
| Pre-Payment Penalty | 5% for 5 years | 5% for 3 years | Declining 5%, 4%, 3%, 2%, 1% | 5% for 5 years | Declining 3%, 2%, 1% | Declining 5%, 4%, 3%, 2%, 1% |
Why do Brokers Choose Silver Hill Funding?
Top 5 Reasons
- Certainty of funding
- Responsive team throughout transaction
- Broker-friendly compensation model
- Fast closings
- Uncommon level of experience
Case Study
Closed Loan in Montclair, Texas
PROBLEM
A group of investors wanted to purchase a recently stabilized multifamily property after a full remodel.
SOLUTION
Silver Hill Funding was able to approve the loan despite the stabilization issues and provide a 5-year loan that allowed the investors to purchase the property with just a 20% down payment.
Success Stories
An investor in California wanted to take cash out of their mixed-use property and they needed a quick closing. Thanks to Silver Hill, the borrower was able to lock in a great rate – despite the fact that they never produced tax returns during the transaction.
A group of investors wanted to purchase a recently stabilized multifamily property after a full remodel. Silver Hill was able to approve the loan despite the stabilization issues and allowed the investors to purchase the property with just a 20% down payment.
A business owner wanted to execute a cash-out refinance but they were denied SBA financing. Thanks to Silver Hill’s Bank Statement Program, the borrower was able to get approved without having to submit tax returns.
Silver Hill was able to provide the perfect alternative solution for this business owner after their bank decided not to approve their refinance request.
Have a Deal Right Now?
Tell us about your commercial loan scenario here. One of our mortgage experts will be in touch with next-step information soon.