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As the Banks' wholesale loan origination department, we specialize in financing all types of income properties and have three hallmark lending niches: A) financing negative cash flow properties, B) lending on all phases of Tenancy In Common (TIC) conversions, and C) highly competitive apartment and commercial property lending throughout California.
A) Financing negative cash flow income properties. Our non-traditional approach combines a personal cash flow underwriting with the rental
income & expense analysis of traditional commercial property lenders.
This dynamic approach results in more loan dollars for your clients,
providing maximum leverage. This allows the borrower to use his/her
cash for improving the property and/or repositioning it to increase the
cash flow and the value of the asset.
B) Lending on all phases of Tenancy In Common conversions.
These leading edge products have garnered many headlines and accolades
for the bank. First-in-market with a trio of TIC loan programs throughout
the San Francisco Bay area, we finance the acquisition and conversion
costs for the Developer, and ultimately the fractional loans for the individual
buyers, which can be underwritten as both stated income and full-doc.
C) Highly competitive apartment and commercial property lending.
Our newest products include low, fixed rate loans for apartment buildings and
mixed-use properties. The DSCR requirements are as low a 1.05 : 1.00 for loans in California.
Located just north of the Golden Gate Bridge, contact us
for more information.
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We will have a booth at the upcoming Commercial Lending Conference on Thursday, September 4th at the South San Francisco Convention Center. Click on the following link to register:
http://www.commerciallendingconference.com/
fmi/iwp/cgi?-db=Lending.fp7&-loadframes
The registration fee is $95 but if use our promotional code CBANK it will be free (for the first 400 registrants). Come by and say hello, and bring any deals you’re working on & we’ll size them for you there.
At CircleBloans we are aggressively funding loans for all types of commercial, apartments, mixed and special use properties. Strong cash flow borrowers with weak cash flow properties is one of our specialties, with DCRs as low as .70 : 1.00. Combined with qualifying at interest-only payments, you get more loan dollars (and rebates) with us.
Do you know of someone who’s been in the business for a few years, is assertive, smart, professional and ready for a change? We are looking to add an experienced loan officer to our wholesale team, and welcome your confidential referrals.
We appreciate your business,
Mark Skolnick,
Raylene Valentine, &
Katie Miller
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