Commercial Mortgage Request Matching Criteria

In order for a lender's offering to appear on our list of programs that match a loan proposal, these following items must check out:

1. Loan amount
2. Property location
3. Property type
4. Use of funds (purchase, refinance)
5. Loan positon
6. Whether the loan will fund construction
7. LTV
8. Whether additional collateral will be used
9. Minimum credit score (if set my lender)
10. Whether there will be secondary financing

If a program matches a proposal in respect to all the above it is a "close" match. In order for a program to be an "exact" match, it must be a close match and the following must be true:

1. Preferred loan term must be available from program.
2. Preferred amortization schedule must be available from program.
3. Preferred interest rate type must be available from program.
4. If borrower requires a stated income loan, program must allow it.
5. Preferred prepayment penalty types must be available from program.
6. If borrower will not accept personal recourse, program must not require it.

If you have questions, comments or suggestions about any of these items, please leave a comment below.