- Real estate transactions ONLY
- Up to 75% LTV!
- Minimum loan $500,000
- Can accommodate large seller held seconds
- Borrowed equity
- Environmentally challenged sites
- Gifts of equity
- No IRS form 4506
- Underperforming sites
- Locations with no financials
- Underperforming sites
- Citizenship/permanent resident alien status not required
- Five or Ten Year Terms available
- Twenty year amortization
- FAST approvals / FAST closings! (Thirty day average closing)
The new conventional fixed rate program is a result of demand for fixed rates in times of rising interest rates. Not limited by the regulatory constraints of bank underwriting, the fixed rate program is perfect for those "make sense" deals that seem to not get done. This program was instituted to serve the needs of borrowers who need:
- Fast turnaround, fast closings
- Loan scenarios where minimal financials are available
- Loan scenarios where an environmental situation exists
- Loan scenarios where minimal equity infusion is available
- Loan scenarios where borrower desires fixed rate financing
This program was put together as a 30-45 day close program. We believe that fast approvals and fast closings can still be compatible with sound underwriting. Two rate/term options exist with this program. There is a one year lockout with a seven year pre-pay penalty (7%, 6%, 5%, 4%, 3%, 2%, 1%)
To pre-qualify for financing, download the following forms and provide the following information and fax to
(202)478-1811 or email to fixed@petromac.com:
So what are you waiting for? You can conveniently apply online for a loan here
or download the prequalification form here.
First time inquiries should inquire at info@petromac.com. Let us prove to
you that PetroMAC truly “pumps capital into YOUR C-store”
(202)478-0230 Voice
(202)478-1811 Fax
http://petromac.com
info@petromac.com
