 708-597-8884 - S.W. |
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Envision Mortgage Solutions is an Illinois Residential Mortgage Licensee and a local Chicagoland company to provide personal service: Crestwood Office
4731 Midlothian Tpke #32
[contact us] [directions]Crestwood, IL 60445 [708] 597-8884
Licensed with the Illinois Department of Financial & Professional Regulation # MB.6759105 and is a member in good standing with the Illinois Association of Mortgage Professionals www.iamp.biz, the National Assoc. of Mortgage Brokers, and the Illinois Secretary of State. |
Commercial Underwriting Guidelines
Commercial Financing is underwritten on a case by case
basis. Every loan application is unique and evaluated on its own merits, but
there are a few common criteria lenders look for in commercial loan packages.
Commercial Lending Ratios
Most of real estate lending can be boiled down to the results of three ratios:
Commercial Loan-To-Value Ratios
Commercial Debt Ratios
Commercial Debt Service Ratio
Commercial Property Types
Questions to Ask Yourself
Ten Myths and Facts about SBA
Commercial Loan Checklist
Financing Options
The loan-to-value (LTV) ratio is probably the most
important of the 3 underwriting ratios
When analyzing the personal budget of a borrower, lenders use two different
debt ratios to determine if the borrower can afford his obligations. These two
debt ratios are:
The most important ratio to understand when making income property loans is the
debt service coverage ratio. It is defined as:
Listed below is a partial list of properties that require commercial financing.
Are you and your business credit worthy?
Myth: It takes four to six months to get a SBA Loan processed.
Fact: Completed loan applications from banks average 10 working days.
The following list will help you identify the types of
information a banker will need to make an informed decision about your business.
Credit Lines
Under a credit line agreement, the lender supplies a business with funds
intended to fill temporary shortages in cash that are brought about by
timing differences between outlays and collections. Typically used to
finance inventories, receivables, project or contract related work.
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