Paramex Capital Announces New Asset Based Commercial Real Estate Program

Paramex Capital is pleased to announce the launch of its asset based program with no DSCR requirement. This is an excellent program for borrowers seeking financing solely based on the value of the property.

Program Highlights:

Loan Amount: $250,000 – $750,000
LTV: Max LTV 70%
Loan Product: 3 or 8 YR with 20,25,30 YR AM and no balloons
Credit Score: Minimum 650
Rates: 7.50%-9.50%

Eligible Property Types:

• Multifamily, mixed use, office, warehouse, light industrial, retail, bars, restaurants, automotive, self storage, day care centers, mobile home parks
• Owner-occupied or Investor
• Non-owner occupied residential, 1 – 4 units

Loan Scenarios:

• Cash out, refinance, or purchase

Typical Close Time:

• 30 – 35 days

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