| ELITE MORTGAGE SERVICES, INC. |
| COMMERCIAL FINANCING |
| CONTACT US NOW Phone: (239) 354-0058 Fax: (888) 607-4420 info@elitemortgageservicesinc. com |
How we're different
We recognize that a strong borrower deserves a favorable loan, so we concentrate our underwriting on credit score
and personal financial strength, rather than on property cash flow. This residential style approach to commercial
lending is the core of our competitive advantage over other commercial real estate lenders.
NO POINTS !!!!!!!
Common sense underwriting creates flexibility
Our primary focus is to establish the borrower's ability to repay the loan by drawing upon all income sources, not just
the property. As a result, we do not have minimum property debt service coverage requirements and are able to
finance properties that may not pass traditional commercial underwriting guidelines.
Underwriting is streamlined and fast
Our residential style of underwriting keeps the process easy. We provide written pre-approvals within 48-72 hours of
receiving a completed loan application and are committed to funding loans quickly.
You can start the loan process by clicking the pre-qualification link below. If you want to know for sure where you
stand. We have included the official Uniform Residential Loan Application and Credit Release form which can be
printed and faxed to us.
We are available to help you every step of the way. Just call us at (239) 354-0058, fax at (239) 354-0048 or e-mail
us at info@elitemortgageservicesinc.com
Click here to download the Uniform Residential Loan Application
If you receive an error message when trying to download either of the above forms, you might need to first downloadthe acrobat reader.
Small-Balance Commercial Mortgages
Loan size
$100,000 up to $1.5 million.
Credit
580+ credit scores for primary borrower or primary guarantor.
Loan-to-value
Loans up to 97% of property value.
Loan purpose
Rate/term refinance, cash-out refinance or purchase.
Occupancy
Owner occupied or investor properties are acceptable.
Loan types
6-month adjustable; 2, 3 and 7-year fixed, then adjustable; declining fixed rate and interest only programs are
available.
Terms
15, 20 and 30-year fully amortizing loans are available on all property types.
Subordinate financing
Seller seconds up to 25% of property value, maximum LTV restrictions apply. Not available on the Interest-Only
Program.
Prepayment fees
5% for 5 years for all programs.
Guarantee
Personal guarantees are mandatory for all eligible borrowers including individuals, corporations, partnerships, LPs,
LLCs and certain trusts.
Escrows
Tax escrows are required. Insurance escrows may be required.
We recognize that a strong borrower deserves a favorable loan, so we concentrate our underwriting on credit score
and personal financial strength, rather than on property cash flow. This residential style approach to commercial
lending is the core of our competitive advantage over other commercial real estate lenders.
NO POINTS !!!!!!!
Common sense underwriting creates flexibility
Our primary focus is to establish the borrower's ability to repay the loan by drawing upon all income sources, not just
the property. As a result, we do not have minimum property debt service coverage requirements and are able to
finance properties that may not pass traditional commercial underwriting guidelines.
Underwriting is streamlined and fast
Our residential style of underwriting keeps the process easy. We provide written pre-approvals within 48-72 hours of
receiving a completed loan application and are committed to funding loans quickly.
You can start the loan process by clicking the pre-qualification link below. If you want to know for sure where you
stand. We have included the official Uniform Residential Loan Application and Credit Release form which can be
printed and faxed to us.
We are available to help you every step of the way. Just call us at (239) 354-0058, fax at (239) 354-0048 or e-mail
us at info@elitemortgageservicesinc.com
 | Commercial Pre-Qualification |
| Loan Application |
| Credit Release Form |
| Rent Roll form |
| Commercial Rate Sheets |
If you receive an error message when trying to download either of the above forms, you might need to first download
Small-Balance Commercial Mortgages
Loan size
$100,000 up to $1.5 million.
Credit
580+ credit scores for primary borrower or primary guarantor.
Loan-to-value
Loans up to 97% of property value.
Loan purpose
Rate/term refinance, cash-out refinance or purchase.
Occupancy
Owner occupied or investor properties are acceptable.
Loan types
6-month adjustable; 2, 3 and 7-year fixed, then adjustable; declining fixed rate and interest only programs are
available.
Terms
15, 20 and 30-year fully amortizing loans are available on all property types.
Subordinate financing
Seller seconds up to 25% of property value, maximum LTV restrictions apply. Not available on the Interest-Only
Program.
Prepayment fees
5% for 5 years for all programs.
Guarantee
Personal guarantees are mandatory for all eligible borrowers including individuals, corporations, partnerships, LPs,
LLCs and certain trusts.
Escrows
Tax escrows are required. Insurance escrows may be required.
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