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Commercial Lending
(Loans by Commercial Corp Finance, a subsidiary of Gary Meyers Realty, Inc.)
Link to: Weekly Commercial Loan Pricing Sheet
 When looking for a buying strategy on commercial property, plan way ahead.
And, don't let  bean counters gum up  the works of a good deal.
Right now, the future can be yours, 
when financing commercial real estate,
with a good lending partner.
Loan products
(A) Land loans, (B) Development loans (C) Equipment leases, and (D) SBA loans.
Property types: Retail, Office, Industrial and Warehouse, Multi-family.
Loan limits*: $1 million to $40 million
Loan limits*: 75-85% LTV, SBA loans 90%. *Higher loan limits are possible for all loans in some circumstances. Call or e-mail for details.
Rates: 10-year Treasury plus 150-300 basis points.
Amortization: 20, 25, 30 years.
Liability: Recourse, partial recourse and non-recourse.
Closing time: 30-90 days from application or 30 days from submission of final third-party reports.
Call Gary Meyers direct for details: (847) 580-4263
or e-mail at gmeyers@garymeyersrealty.com
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Commercial Real Estate Loan
Submission Checklist
Property Information
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_____ Description of property.
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_____ Property Appraisal (If available.)
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_____ Purchase Contract (If applicable.)
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_____ Contractor costs statement (If applicable.)
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_____ EPA Phase 1 report.
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_____ Current rent roll with expirations (Previous year as well if available.)
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_____ Building expenses – last 2 years.
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_____ Cash Flow Analysis of Building.
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_____ Utility bills – last 2 years.
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_____ Real estate taxes bill(s).
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_____ Copy of all Leases.
(Can be delivered later, but will be necessary for final due diligence.)
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_____ Plat of Survey (If available.)
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_____ Floor Plans (If available.)
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_____ List of any known material building defects or property liabilities.
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_____ Partnership agreements (with ownership shares identified) and partnership management agreements.
Personal Information
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_____ Financial statements (Current for managing principals only.)
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_____ Personal Income Tax Returns – last 2 years. (First two pages only for managing principals only. Full tax returns may be required during due diligence.)
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_____ Bios of managing principals.
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_____ Authorizations for pulling credit of managing principals.
 Franklin Home Funding - 15345 S. Cicero Ave. - Oak Forest, IL 60452 Direct Phone: (224) 715-5555 Fax: (847) 557-1260
Franklin Home Funding is licensed to do loans in Illinois and Indinana. Equal Housing Opportunity
11-7-08 © 2008 Gary S. Meyers and Franklin Home Funding
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