Commercial Property Loans

Omega Funding is a unique type of hard money lending company. We work directly with lenders that are institutionally funded and have full control over all the deals we approve. This means that there are no brokers to convince, no time delays due to insufficient funding and no project too large. Omega Funding has access to more than $100 million in funds with which to make hard money loans, meaning that if your project qualifies for a loan through Omega Funding, you can receive funding in days.  Rates for Qualified loans start at 6.44%

Stated Income Loans from $500,000 to $2,000,000 are ideal for business owners with fluctuating business and personal income. With good credit, a business owner can finance up to 90% of the sales price of a commercial real estate building without having to produce business or personal income tax returns. We offer very competitive rates, terms and costs.

Many types of commercial property are eligible including Owner Occupied Buildings, Office, Warehouse, Medical/Dental, Retail, and Mixed Use, Hotels.

Bridge Loans from $500,000 to $3,000,000 are designed for our commercial borrowers that are financing a commercial property for a short period of time. We have simplified the borrowing process and offer very competitive rates, terms and costs.

Most types of commercial property is eligible including commercial, multi-family, office, retail, industrial, flex R&D, manufacturing, flagged hotels and motels.

Commercial Real Estate Loans from $500,000 to $20,000,000 are designed for the small commercial building owner or investor. We have simplified the borrowing process and offer very competitive rates, terms and costs.

Most every type of commercial property is eligible including office buildings, industrial and warehouse properties, retail buildings, strip centers and manufacturing facilities.

Apartment Loans from $200,000 to $3,000,000 offer very competitive rates, costs and terms for the small apartment owner. Our program is the best that you will find anywhere. It is designed for buildings in good condition with no less than 5 units. Many loan options are available to help you meet your investment needs and maximize cash flow.

Stated Income Commercial Purchase Loans.    Basic Requirements:

• Loan amounts from $200,000 to 5 million
• 680 Fico Mid-score
• 12 Commercial Rent Checks and Lease
• Purchase Contract
• Application
• 10% down @700+ fico.  20% down @680 fico
• 2 years in Business
• RATES START AT 6.44% For Qualified Loans

Terms: 10-25 year terms no balloon payments.  Closings in three weeks.

Acceptable Property Types for Stated Income: Office Building/Condo, Warehouse, Warehouse Condo, Retail, Mixed Use, Auto, Dry Cleaners.

Call for Rates and updated Terms

Need a fast turnaround on loan request? Try our Hard Money.

ASSET BASED LENDING:

Asset-based lending is typically "secured" financing, which means there are assets within a business to be used as collateral such as:

-Real Estate (land or buildings) Equipment, Accounts Receivables, Purchase Orders and Inventories.

Many times, companies that require asset-based financing have the assets to obtain traditional financing, but are too leveraged to qualify.

The benefit of asset-based lending is usually far greater borrowing power than can be achieved from a traditional "cash flow" based banking approach.  Any industry will qualify but company must have $500K and up in annual sales with total assets of $400K minimum.

Asset based loans are made on a formula basis on assets. Eligible companies will need to demonstrate: 

• A reasonably professional management 
• Good bookkeeping some cases we need signed financial statements for past 2 years with tax returns
• A product and business model that makes sense
• Assets may audited and confirmed

CALL NOW:

720-279-4345

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