Property Types

  • Multi-Family (5 Units + Only) 
  • Mixed Use
  • Retail Buildings
  • Office Buildings
  • Hotels & Motels (Flagged or Non-Flagged)
  • Large Apartment Buildings (9+ Units)
  • Warehouse & Industrial
  • Restaurants/Taverns 
  • Golf Courses
  • Bed & Breakfast
  • Auto Repair/Body
  • Self Storage
  • Single Tenant
  • Gas Stations
  • Mobile Home Parks
  • International Hotel & Land Development
  • Domestic Hotel & Land Development
  • Acquistion, Development, and Construction
  • Special Purpose
  • Plus Many More

Underwriting Types

Full Documentation-Where the borrower's income is verified by a federal tax return. Any loan involving an owner-occupied business will also require a business federal tax return. Loans in this underwriting class tend to have the lowest interest rate.

Stated Income Documentation-Where the borrower's income is simply stated. Keep in mind that stated income does not mean stated assets. Beginning in the 4th Quarter of 2008 this documentation has become very rare due to financial lending climate and the collapse of the secondary markets.

Double Stated Documentation-Where the borrower's income and assets are simply stated. Beginning in the 4th Quarter of 2008 this documentation has become very rare due to financial lending climate and the collapse of the secondary markets.

No Documentation-Where the borrower's income is not disclosed to the lender. This underwriting class tends to have the highest interest rates and is defined as "hard money".

Credit Requirements-We work with all types of personal credit. (Generally, the higher the credit score the lower the interest rate. However, in commercial mortgages there are many other factors that effect the rate).

These underwriting options are not available in all financing programs, so please consult a CMN Business Development Officer to discuss your specific situation.

Loan Amounts

Large Balance Loans-Generally are loans that are $2,000,001 and up. The lending criteria on these deals focus more on project worthiness. However, sponsor/guarantor strength is still a factor.

Small Balance Loans-Generally are loans that are $2,000,000 and under. The financial strength and credit rating of the borrower/guarantor are very important in lending decisions. The project cash flow must also be at an acceptable level for loan approval.

CMN Funding -- Phone: (518) 435-1119  Fax: (518) 435-1331