Testimonials
Stated Commercial Loans 
Griffin Capital Funding is one of the most well known and respected commercial mortgage financing companies in the country; named the 49th fastest growing financial services company by Inc. Magazine for 2008. We offer full document, stated income, SBA and USDA commercial loans. This site features our stated income product; if you are interested in applying for a full document loan you may visit www.commercialmortgage.net or call 540-548-1001 and speak with a commercial mortgage analyst.
We offer a nationwide stated income commercial loan program unlike any other. Most property types qualify including raw land and churches. We use a common sense underwriting approach to determine whether your loan will be approved or not.
Here are the two types of loans we are looking for:
- Borrowers with poor credit are fine as long as the requested loan to value is low (50% or less) and the property is in a good location and in good condition.
- Borrowers with excellent credit qualify for a much higher loan to value (80%) provided the property is in good condition and in a good location.
Rates range from 10.5% to 12% and we charge between 1% and 2% at closing.
Loan amounts from $400,000 to $2,500,000
The loan is fixed for 15 years with no balloon and generally has a prepayment penalty of 3% in year 1, 2% in year 2, 1% in year 3 and nothing there after.
The loan may be given on a non recourse basis if the credit of the borrower is good, the loan to value is low and the property is in good condition located in a good area.
We almost never ask for tax returns or bank statements but we do verify assets.
To get started we need the following items:
- Completed 1003
- Tri-merge credit report
- Digital photos of the property
- Explanation of the transaction
PRE-QUAL your loan.
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