Commerical Loans

Have a business or organization and looking to buy property? Home Equity Mortgage Corp can make it happen. HEMC lends money for all types of commercial properties. 

• Office Buildings
• Shopping Centers
• Apartment Buildings
• Warehouses
• Churches
• Schools
• Day Care Centers
• Gas Station

 

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Loan Size	Interest Rate
Minimum $50,000 Over $1,000,000 on a case by case basis	Monies will be drawn out (usually 2-6 draws).Varies on the type of loan, type of property, LTV and term Rates on first mortgage will start from 10.49% Rates on second mortgage will start from 11.49%
Loan to Value Ratio	Terms
First mortgage up to 70% LTV on purchases, 65% LTV on refinance Second mortgage up to 65% LTV. No seasoning required	Under $100,000 20 years. Fully amortized Over $100,000 any amount, 5 year balloon Up front renewals, on a case by case basis.