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COMMERCIAL
REAL ESTATE FINANCING

Agency, Fannie Mae, Freddie Mac
PURCHASE AND REFINANCE

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MULTIFAMILY  FANNIE MAE, FREDDIE MAC LOANS

Agency loans are loans that are provided by Fannie Mae and Freddie Mac. These are US Government agencies. The programs of the two agencies are very similar. We tend to pick whoever will give us the best deal in a particular geographic area. We deal directly with the Designated Underwriter. We quote these loans to you flat. That is without any points to us. We are a correspondent and we are paid by the lender.

The general parameters of these loans are as follows. Term is up to 30 years, amortization also up to 30 years. Fixed interest rate. Maximum LTV of 80%. Non-recourse is available. DSC minimum of 1.25. Stabilized properties with occupancy over 90%. Underwriting is strait forward. These loans are subject to yield maintenance.

We do these loans starting at $1,000,000 and have never run into an upper limit. Generally these loans are cheaper than our CMBS loans. There are also programs available for Senior Housing, Student Housing and Manufactured Housing. These loans are much better than anything you will see quoted by local banks. In addition local banks tend not to lend fixed rate loans over 5 years.

Our interest rates and loan terms are better than you will be offered by your bank and other lenders. We are very competitive. We always try to do the best loan to meet the needs for our client, the borrowers. Call us with any questions that you may have in connection with borrowing and financing Commercial Real Estate.

FIRST CHARTER FINANCIAL
CORPORATION

We are a full service Commercial Mortgage Company. We do not do any single family home mortgages. We are in the commercial financing business and we do not sell leads to other companies. Financing Commercial Real Estate is our only business. We close loans.
We do the following loan programs. CMBS Conduit loans, Agency, Fannie Mae and Freddie Mac loans. SBA 7a loans and SBA 504. Bridge loans. Conventional and construction loans.
We finance the following types of properties. Shopping centers, multi family properties, hotels, office properties, industrial buildings and mixed use and specialty properties.
Lenders that you find on the Internet are all different. Many will try to fit you into the one loan products that they sell. That is why you need to consult with an independent mortgage company. We know what is available in the market. We can discuss your needs and goals and suggest what would be the best loan for you. Then we will do the correct loan for you. We will stay with you through the funding. We always represent the borrower, not the lender


WE FINANCE ALL KINDS OF COMMERCIAL REAL ESTATE
WE DO MANY DIFFERENT KINDS OF LOANS TO FIT YOUR NEEDS
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CMBS CONDUIT LOANS

CMBS loans are loans for stabelized real estate. They are low interest rate 10 year fixed loans, Funds come from the bond market. We do tham for hotels, retail, office, industrial.

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AGENCY MULTI FAMILY

Agency loans are from Fannie Mae, Freddie Mac and HUD. Government agencies. These are low rate long term fixed loans. They are the best loans for multi-family properties.

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SBA 7A SBA 504

We do SBA 7a loans up to $5 million. SBA 504 to $13 million. These are federal guranteed loans. Their down payment is lower but their interest rates are higher than conventional loans.

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BRIDGE LOANS

This is a polite term for private and hard money loans. In general the interest rate is higher and the maturity is shorter. However in some cases this is the only type of loan that is available.

WE DO ALL KINDS OF COMMERCIAL REAL ESTATE  LOANS

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First Charter Financial Corporation
8204 East Del Caverna Drive
Scottsdale AZ. 85258
AZ CMB 0922527
NMLS ID 181100