My New Blog

HIGHLY FLEXIBLE LOAN PROGRAMS
February 8th, 2010 5:53 AM
                What Separates Us From the Banks…

                                                Our Highly Flexible Loan Programs.

                                            Mark V. Jones                 Local Banks

30 Year Amortization             YES                       NO

Up to 30 Yr. Fixed Term         YES                             NO

Interest Only Loans               YES                            NO

Up to 90% Owner Occupied     YES                      NO

Low DSCR                             YES                      NO

High LTV                               YES                            NO

Loan Limits                             NO                            YES

Referral Fee                           YES                           NO

We make every effort to expedite the loan process. All documents can be e-mail. Most loans can be closed in 30 to 45 days from full application submission. We customize each loan to meet the financial needs of the borrower.

I look forward to working with you in the successful completion of your commercial Real Estate transactions.


 

MARK V. JONES - Broker/Mortgage Planner
Central Coast Office:(805) 234-4100
Central Valley Office:(209) 736-0518
Commercial Real Estate Lending

Not all borrowers will qualify for all programs.


Posted by MARK JONES on February 8th, 2010 5:53 AMPost a Comment (0)

Turlock Property Listing
February 17th, 2010 8:45 AM

For Sale Commercial Building in Turlock, CA.

 2,400 Sq. Ft. Retail/Service Commercial building with an additional 700 Sq. Ft. separate garage/shop building in the back, all on a 9,000 Sq. Ft. lot. Great street visibility on a high traffic street in downtown Turlock, CA.  Includes 6 off street parking spaces in the front and additional parking through the 10 ft. wide gate that accesses the rear portion of the property. The building is a pored concrete block structure , free spanned trussed open rafters ceiling with separate office and restroom spaces. The property needs a little TLC but overall is in good condition. The current business occupying the property would consider a long term lease or they can vacate the building for a new owner user. There is an excellent assumable loan and the seller would consider carrying back a note with 30% down. The asking price is $459,000.00 and the property is located at 715 Lander Ave., Turlock, CA.

Mark V. Jones
Commercial Real Estate Services
Committed to Service. Dedicated to Close.  Since 1992

Central Valley Phone Line: (209) 736-0518

**CA. Dept of Real Estate# 01119658

Central Coast Phone Line: (805) 234-4100

***E-mail: mvjonesloans@juno.com  


Posted by MARK JONES on February 17th, 2010 8:45 AMPost a Comment (0)

COMMERCIAL REAL ESTATE LOAN PRODUCTS
February 8th, 2010 5:58 AM
 

Owner Occupied Investor Special Use Hotel Multifamily






Max Loan Amt $7,500,000 $15,000,000 $4,000,000 $75,000,000 $15,000,000
Max LTV 75% 80% 65% 65% 80%
Max CLTV 90% 85% 85% 85% N/A
Max Amort 25 yrs 30 yrs 25 yrs 25 yrs 30 yrs
Minimum Credit 600 600 600 600 600
Acceptable Markets urban/suburban urban/suburban urban/suburban >20,000 population >50,000 population
Preferred Traits Multi use < 200,000 sq ft warehouse,office better than average interior corridor <100 units


medical office, retail property condition limited svc flag mid rise urban


manufacturing
<100 units
Minimum Injection 10% 15% 15% 15% 20%
Minimum DSC 1.20X 1.20X 1.30X 1.30X 1.20X

 

MARK V. JONES - Broker/Mortgage Planner
Central Coast Office:(805) 234-4100
Central Valley Office:(209) 736-0518
Commercial Real Estate Lending


Posted by MARK JONES on February 8th, 2010 5:58 AMPost a Comment (0)

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