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New York
Owner Occupied
Mortgages & Loans
There are a few specialty products, such as SBA
loans, that enable occupying business to arrange for
competitive financing. In certain circumstances, the
acquisition and construction financing can be
provided up to 90% of the total project value.
Therefore, these types of
New York Jumbo Loans require a
specific amount of attention and focus. At
Blackstone, we work directly with the client and the
bank to ensure a smooth closing. These special loans
fall into two categories:
Conventional New York Owner-Occupied Loans
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Rates are calculated as a spread
over the corresponding US
Treasury bill or prime.
Adjustable rate products are
also available |
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Terms are based on cash flow |
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Maximum loan-to-value is 80% |
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“No-document” programs are
available |
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Both self-amortizing or balloon
loans are acceptable |
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Banking relationships typically
enhance the overall scenario |
New York
SBA
Mortgages & Loans
SBA 7 (a) Program Loans:
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These can be used for virtually
any business purpose, and do not
necessarily have to involve real
estate |
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Such loans range from $150,000
to jumbo loans of $2 million |
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Minimum of 51% owner occupancy
is needed |
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Maximum loan-to-value is 90% |
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Amortization of up to 25 years |
SBA 504 Program Loans:
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Loans of this type can be
secondary loans worth up to 90%
of the combined loan-to-value
for a maximum of $4.3 million |
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Amortization can be as long as
30 years |
The New York Commercial Real Estate Lenders at Blackstone
Mortgage Corp. are waiting for your call. They look
forward to discussing your commercial project and
providing various commercial loan options. From
commercial funding to jumbo home mortgages,
Blackstone will find the right loan for you. |
