CMD Lite Doc

Affordable Commercial Mortgages for Minority Property Owners

Commercial Mortgage Depot is giving you credit up to $6,000 towards closing cost.

Waived fees include property appraisal fee as well as all lender legal and lender closing fees.

CMD stated loan program for time sensitive and difficult finance transactions. We range from $250,000 to $2,000,000 in loan size, loan to values up to 80%, no tax returns required and no income is verified. The program gives the borrower a 30 year amortization period. In general, we find this program is ideal for real estate investors without great tax return income, whether its property specific or globally specific, commercial property owners and investors, borrowers who need a cash out using its high LTV guidelines and unrestricted cash out rules with almost no questions as to use and finally, the self-employed borrower that typically write-off a lot of deductions.

No Tax Returns – No W-2’s – 30 Year Fully Amortized – No Balloon – Easy Qualify.

This can be very useful for the business owner or professional real estate investor, as currently Banks are very tight with lending on income and investment property. They not only calculate a property’s Debt Service Coverage Ratio but the owner’s or buyer’s personal Debt To Income Ratio as well.  Needless to say there are many who can’t quite qualify for a bank loan with the new regulations and need to refinance or purchase a commercial real estate property.  This type of commercial stated financing easily gives you the opportunity to take advantage of a currently fast paced commercial real estate market and rising property values. Typical completed transactions take 4 to 5 weeks from application.

Multi-Family, Mixed Use, Office, Retail, Warehouse, Auto, Self Storage, Commercial Condo, Light Industrial, Automotive, Mobile Home Park, Daycare Center, Restaurant/Bar

Loan Amounts: $250,000 to $2,000,000

Loan Purpose: Purchase, Refinance or Cash–Out Refinance

Rates: Highly competitive

Loan Terms: 15, 20, 25 or 30-year amortization

Fixed Period: 5 & 7 Year Options as well as a 10 year balloon program

Loan to Value: Up to 80%

Territory: Available in most major markets.

Prepayment: Varies, 5% for 5 years, 5% for 3 years

Arm Index: WSJ Prime

Arms Caps: 2% Initial, 1% Periodic, 2% Annual, 6% Life above initial rate

Arm Margin: 4%

Credit: Minimum Credit Score 650

Fees: NO upfront fees to review loans


Third party fees are due upon the execution of the Letter of Interest, an expense deposit required for appraisal, environmental, legal, etc.

Application fees are determined at time of Letter of Interest of issuance