commercial real estate financing programs
DESCRIPTION
Blue Ray Financial is a private commercial lender and structured finance company that offers financing to borrowers directly and through a network of finance professionals. We feature a variety of commercial loans program to accommodate borrowers’ needs, with loans limits ranging from $250,000 to $10 million plus.TRANSCRIPT
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Program Highlights
• Up to 90.0% LTV
• Loans from $250K to $10M+
• Investor & Owner Occupied Loans
• No Exorbitant Upfront Deposits
• Same Day Approvals
• Rates from 4.20% to 6.75%
• Purchase, Refinance & Cash-Out
• Most Commercial Properties Considered
• Nationwide Programs
Blue Ray Financial
P.O. Box 750534
Forest Hills, NY 11375
P: 718.554.3841 | F: 718.732.2405
www.brfinancial.co
Blue Ray Financial
Blue Ray Financial is a private commercial lender and structured finance company that offers
financing to borrowers directly and through a network of finance professionals. We feature a
variety of commercial loans program to accommodate borrowers’ needs, with loans limits
ranging from $250,000 to $10 million plus.
![Page 2: Commercial Real Estate Financing Programs](https://reader034.vdocuments.site/reader034/viewer/2022051818/54c211f74a79598a618b4574/html5/thumbnails/2.jpg)
This is not a commitment to lend or a guarantee for financing and should not be construed as such in any way. This is not a solicitation of investment funds or an offer to buy or sell securities.
Revised 01/2013
Insert Company Logo
LOAN LIMITS $250,000.00 - $5,000,000.00 (Exceptions considered case-by-case)
RECOURSE Personal and Corporate
LOAN TYPES Acquisition Refinance Cash-Out Refinance
MAX. LTV 80.0%
SUBORDINATE FINANCING Allowed (Subject to underwriting approval)
OCCUPANCY TYPE Owner Occupied Investor
ELIGIBLE LOCATIONS Nationwide
DSCR MINIMUM 1.15% - 1.40%
COLLATERAL ELIGIBLE Most Commercial Property Types Considered
INTEREST RATE 4.00% - 8.50% (Credit and location driven)
CREDIT MIN. 680 (Exceptions considered case-by-case) No Minimum (Select markets of MA, CT, NJ, NY, RI, PA & FL)
AMORTIZATION 20, 25 & 30 Years
LOAN POINTS 0.00% - 1.50% (Loan size, location and credit driven)
TERM Quarterly Adjustable, 1, 3, 5, 7, 10 & 15 Year Fixed
PREPAY Declining & Static Available
THE BLUE RAY FINANCIAL
DIFFERENCE
Nationwide Program Rebates up to 2.00% You and Your Clients are Completely Protected Charge up to 2.00% Origination Points
Nationwide Small Balance Loan Program
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This is not a commitment to lend or a guarantee for financing and should not be construed as such in any way. This is not a solicitation of investment funds or an offer to buy or sell securities.
Revised 03/2013
LOAN LIMITS $500,000.00 – $20,000,000.00+
RECOURSE Full Recourse Non-Recourse (available case-by-case)
DOCUMENTATION TYPE No Income Verification & Full Documentation Available
LOAN TYPES Acquisition Refinance (cash-out available case-by-case)
MAX. LTV 65.0% (higher LTV available case-by-case)
OCCUPANCY TYPE Investor & Owner Occupied
ELIGIBLE LOCATIONS Nationwide
PROPERTY TYPES All Commercial Property Types Considered
INTEREST RATE 9.75% - 15.0%
CREDIT MIN. No Minimum
AMORTIZATION Interest Only
LOAN POINTS 2.00% - 5.00%
TERM 6 – 24 Months (longer terms considered case-by-case)
PREPAY No Prepayment Penalty
DUE DILIGENCE DEPOSITS Underwriting Fee Due At LOI Acceptance ($1,495) Third-Party Report Fees Due at Loan Approval ($1,500 - $7,500)
SUBMISSION REQUIREMENTS
Complete 1 Pg. Quick Approval Form Interior & Exterior Color Photos or Appraisal Copy (if available) Current Rent Roll (if applicable) YTD & Last 2 Years Operating Statement (if applicable) Personal Financial Statement Recent Tri-Merge Credit Report Explanation of Exit Strategy
THE BLUE RAY FINANCIAL
DIFFERENCE
Close in as Little as 2 Weeks Cross Collateralization Allowed Flexible Underwriting You and Your Clients are Fully Protected
Nationwide Bridge Loan Program
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This is not a commitment to lend or a guarantee for financing and should not be construed as such in any way. This is not a solicitation of investment funds or an offer to buy or sell securities.
Revised 03/2013
Insert Company Logo
LOAN LIMITS $50,000.00 – $500,000.00
RECOURSE Full Recourse
DOCUMENTATION TYPE Stated
LOAN TYPES Purchase Refinance (cash-out allowed in most cases)
MAX. LTV 65.0%
OCCUPANCY TYPE Investor & Owner Occupied
ELIGIBLE LOCATIONS Nationwide (except: AK, HI, VT, WV, AL, NV, MI, Los Angeles County
CA, Cuyahoga County OH)
PROPERTY TYPES Most Commercial Property Types Considered SFRs & 2 – 4 Unit Multifamily (properties must be held in a
corporate entity and must be investor; no owner occupied)
INTEREST RATE 9.50% - 12.25%
CREDIT MIN. 600
LOAN POINTS 1.00% - 4.00%
TERM 5, 15 & 25 Years Fixed
PREPAY 5.0%, 4.0%, 3.0%, 2.0%, 1.0%
DUE DILIGENCE DEPOSITS Underwriting Fee Due At LOI Acceptance ($1,495) Appraisal Paid Direct to Appraiser At The Door (Approx. $1,500)
SUBMISSION REQUIREMENTS
Complete 1 Pg. Quick Approval Form Interior & Exterior Color Photos Personal Financial Statement or 1003 Recent Tri-Merge Credit Report Current Rent Roll (if applicable) YTD & Last 2 Years Operating Statement
THE BLUE RAY FINANCIAL
DIFFERENCE
Appraisal Paid At The Door Cross Collateralization Allowed Flexible Underwriting You and Your Clients are Fully Protected
Nationwide Small Non-Conforming
Loan Program
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This is not a commitment to lend or a guarantee for financing and should not be construed as such in any way. This is not a solicitation of investment funds or an offer to buy or sell securities.
Revised 01/2013
Insert Company Logo
LOAN LIMITS $1,000,000 – No Maximum
RECOURSE Non-Recourse (With standard carve-outs)
LOAN TYPES Acquisition Refinance Cash-Out Refinance
MAX. LTV 80.0% (Purchase and refinance) 75.0% (Cash-out)
NET WORTH MIN. Must be at Least Equal to the Loan Amount
POST CLOSING RESERVE MINIMUM
9 Months Liquidity
OCCUPANCY TYPE Investor
OCCUPANCY MIN. 85.0%
ELIGIBLE LOCATIONS Primary & Secondary Markets Nationwide
DSCR MINIMUM 1.25x
COLLATERAL ELIGIBLE Multifamily, 5 Units & Up (Commercial space allowed up to 35% of
net rentable area and maximum 20% of effective gross income)
INTEREST RATE 2.75% - 5.44%
CREDIT MIN. 680 Middle, 620 Low
AMORTIZATION 30 Years
LOAN POINTS 0.00% - 1.00%
TERM 5, 7, 10, 15 & 30 Year Fixed
PREPAY Yield Maintenance
CLOSING TIME FRAME 45 – 60 Days
THE BLUE RAY FINANCIAL
DIFFERENCE
Nationwide Program Competitive Terms You and Your Clients are Completely Protected Charge up to 2.00% Origination Points
Nationwide Multifamily FNMA
Loan Program
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This is not a commitment to lend or a guarantee for financing and should not be construed as such in any way. This is not a solicitation of investment funds or an offer to buy or sell securities.
Revised 04/2013
Insert Company Logo
LOAN LIMITS $100,000 - $5,000,000
RECOURSE Personal & Corporate
LOAN TYPES Acquisition Refinance Cash-Out Refinance
MAX. CLTV 90.0%
OCCUPANCY TYPE Owner Occupied (> 50.0% of gross rentable square feet)
ELIGIBLE LOCATIONS Nationwide
PROPERTY TYPES All Property Types Considered, Including Hotels & Gas Stations
DSCR MIN. 1.25%
CREDIT PROFILE 600
INTEREST RATE 4.68% - 7.20%
AMORTIZATION 25 Years
TERM
Quarterly Adjustable 5 Year Fixed 10 Year Fixed 25 Year Fixed (Qualified deals only, no gas stations)
LOAN POINTS 0.00%
PREPAY 5.0%, 3.0%, 1.0%
THE BLUE RAY FINANCIAL
DIFFERENCE
Nationwide Program No Population Minimums Rebates Available No Restricted Industries Competitive Terms
Nationwide SBA 7(a) Loan Program
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This is not a commitment to lend or a guarantee for financing and should not be construed as such in any way. This is not a solicitation of investment funds or an offer to buy or sell securities.
Revised 09/2012
Insert Company Logo
LOAN LIMITS $500,000.00 – $10,000,000.00
RECOURSE Personal & Corporate
LOAN TYPES Purchase Construction
MAX. CLTV 90.0%
OCCUPANCY TYPE Owner Occupied (> 50.0% of gross rentable square feet)
ELIGIBLE LOCATIONS Nationwide
PROPERTY TYPES All Property Types Considered, Including Hotels & Gas Stations
DSCR MIN. 1.20%
CREDIT PROFILE 600
INTEREST RATE 4.00% - 7.00%
AMORTIZATION 20 & 25 Years
TERM Quarterly Adjustable, 3, 5, 10 & 25 Year Fixed
LOAN POINTS 0.00%
PREPAY Declining or Static
THE BLUE RAY FINANCIAL
DIFFERENCE
Nationwide Program No Restricted Industries Rebates Available Competitive Pricing You and Your Fee are Fully Protected
Nationwide SBA 504 Loan Program
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This is not a commitment to lend or a guarantee for financing and should not be construed as such in any way. This is not a solicitation of investment funds or an offer to buy or sell securities.
Revised 03/2013
Insert Company Logo
LOAN LIMITS $500,000 – $10,000,000
RECOURSE Full & Non-Recourse Available
UNDERWRITING Conventional & Bridge Financing Available
LOAN TYPES Purchase Refinance Unrestricted Cash-Out
MAX. LTV 70.0%
OCCUPANCY TYPE Investor & Owner Occupied
ELIGIBLE LOCATIONS CA, CT, DC, DE, FL, GA, IL, MA, MD, NC, NJ, NY, PA, RI, SC, TX, VA
(county restrictions may apply)
PROPERTY TYPES Multifamily (5+ Units), Mixed-Use, Office, Commercial Condos, Retail,
Industrial, Warehouse, Self-Storage
INTEREST RATE 5.25% - 8.50%
CREDIT MIN. 680 (if available, otherwise credit worthiness will be ascertained
elsewhere)
LOAN POINTS 1.00% - 3.00%
TERM 2, 3, 5, 7, 10, 15 & 30 Years
AMORTIZATION Interest Only, 15, 20, 25 & 30 Years
PREPAY Various
DUE DILIGENCE DEPOSITS
Underwriting Fee Due at LOI Acceptance ($1,495) Third-Party Reports Paid at Commitment Acceptance (Approx. $5,000)
INITIAL SUBMISSION REQUIREMENTS
Complete 1 Pg. Quick Approval Form or Executive Summary Interior & Exterior Color Photos Personal Financial Statement or 1003 Recent Tri-Merge Credit Report Current Rent Roll (if applicable) YTD & Last 2 Years Operating Statement
THE BLUE RAY FINANCIAL
DIFFERENCE
Cross Collateralization Allowed Unrestricted Cash-Out Non-Recourse Financing Flexible Underwriting You and Your Clients are Fully Protected
Foreign National Loan Program