Loan Brook, Inc. is a reputed residential and commercial real estate loan broker in Woodland Hills, California. They offer various innovative newer financial solutions and customer friendly service to their customers.
Here are the commercial loans offered by Loan Brook Inc
Conventional Loans – Conventional Loans are available nationwide for various commercial properties. The interest rate is fixed for 1-5 years to adjustable with a standard 10-year term.
CMBS / Conduit Loans – CMBS Loans, also known as Conduit Loans, are secured by a first-position mortgage on a commercial property. The loan is typically amortized over 25-30 years, with a balloon payment due at the end of the term.
Life Insurance Loans – Life Insurance Loans are generated by life insurance companies who balance an investment portfolio. $1MM to $10MM loan amounts for purchase or refinance and up to 30-year amortization.
Stated Income Loans – Stated Income Loan is a mortgage where the lender does not verify the borrower’s income by looking at their pay stubs, W-2 (employee income) forms, income tax returns, or other records.
Bridge Loans – Bridge Loan are short-term and temporary loans used to reposition an asset at higher than prevailing interest rates. The bridge loan is backed by real estate collateral.
Construction Loans – Construction Loans are recourse in nature. The bank examines the equity in the land, the construction budget, and the financial strength of the borrower to issue credit approval.