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Residential Lending
We at Mortgage & Investment Consultants are proud to offer a very straightforward residential brokerage program focusing initially on two areas:
1. APARTMENT BUILDINGS with 5+ UNITS
Loan amounts of $250,000 to $25,000,000+
80% LTV with 10% carry-back
1.15-1.25 debt service ratio
Up to 30-year term
Up to 30-year amortization
Fixed rates or adjustable rates (Libor or MTA indices)
Very competitive programs
2. INVESTOR STATED INCOME-STATED ASSET
Loan amounts of up to $1,000,000
No employment seasoning
No IRS 4506 requirements
Gifts of equity
Lending in the name of corporations, trusts, or LLCs
15 to 20-year amortization
Fixed or adjustable rates
Many commercial properties considered
Just fill out a COMMERCIAL QUALIFIED LEAD FORM (pdf) and send it to the contact below, to get started.
Steve Olson
Commercial Broker
Mortgage & Investment Consultants, Inc.
Phone : 651-203-4222
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FAX: 651-203-4223
Email: solson@minnmortgage.com
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