YSP Loans is a division of Griffin Capital Funding; we are a secondary market lender specializing in owner occupied and partially owner occupied commercial real estate loans from 0,000 to ,500,000. We do not generally charge points or origination fees on our commercial mortgage products.
We offer the following commercial mortgage types:
Conventional commercial mortgages to 75% loan to value. SBA Loans to 90% loan to value. B&I loans to 90% loan to value (,000,000 maximum under this program)
We also partner with life insurance companies to provide loans on investment properties for loan amounts from ,000,000 to ,000,000.
We offer six different commercial loan products:
Full Document Commercial Loans – 85% is the maximum we will lend; this is made up of a 75% first trust commercial loan and up to a 10% second trust commercial loan. Our minimum credit score is 660 however we do not allow any prior history of BK on our Full Document commercial loan product. Loan amounts from 0,000 to ,000,000 Stated Income Commercial Loans – 80% is the maximum we will lend; we do not offer second trusts on this product. Our minimum credit score is 650 and no BK in the past 7 years is allowed. Loan amounts from 0,000 to ,000,000 Commercial Bridge Loans – 70% is the maximum we lend; second trusts are permitted but we do not offer them. There are no minimum credit score requirements. The commercial bridge loan is offered from mm to mm in most metropolitan areas. General purpose commercial properties are allowed with a special interest in income producing properties. SBA 504 Commercial Loans – 90% is the maximum combined loan to value between our commercial loan and the SBA debenture. No minimum set credit score. Loan amounts from 0,000 to ,500,000. B&I Commercial Loans – 90% is the maximum we will lend. No minimum set credit score. Loan amounts from mm to ,000,000. Non Profit Loans – 80% first trust commercial loans and up to 100% CLTV with a second trust.
Tags: commercial loan products, commercial mortgage loans, commercial mortgage products, sba 504, sba loans