Investment Conventional Loan Program
Avid Commercial originates investor loans on a case by case basis. Loan closings will be contingent upon property type, credit strength, location, and LTV.
When Avid Commercial first called me about refinancing, it was the furthest thing from my mind. The last time I looked into getting a new loan, I was told that my property’s value wouldn’t be enough. After a little bit of work, Avid felt confident that not only could they approve my loan, they would work closely with the appraiser to make sure I had the best possible chance to get what we needed. It all worked out. Avid approved my loan with the exact terms they originally discussed, and my appraisal wasn’t an issue. We closed on a 25 year fixed rate, and now I can spend my time focused on running my business. I wholeheartedly recommend Avid to anyone looking to refinance their building.
- LTV’s up to 65%
- Loan amounts between $500M and $5MM
- Fixed Rates
- FICO above 675
- Debt service ratio above 1.40 times
What we won’t do
- Gas Stations
- Car Washes
- Auto Dealerships
- Special Use Properties