COMMERCIAL LOAN PRODUCTS
Details
ILG is active in all arenas of commercial lending. We accept all commercial property types including, gas stations, non profit organizations, churches, hospitality, retail, industrial, multi family, office, Daycares and industrial.
Please see our main three commercial loan products below. Last updated on May 2022.
SBA- 7a and 504c
Loan Amount: $150,000 - $5,000,000
Only commercial owner occupied properties considered
LTV: up to 90%
Loan Term: 20-25 years (P&I) Amortized at 20-25
Minimum credit requirement 620
Turnaround time: 45-60 days
Offered in 50 states
Conventional
Loan Amount: $250,000 - $10,000,000
Construction loans, renovation and A&D loans considered
Non-profit organizations and Church loans okay
All owner occupied and investment commercial properties considered
LTV: up to 85%
Loan Term: 3, 5, or 10 years (P&I)
Minimum credit requirement: 680
Turnaround time: 30-45 days
Offered in 50 states
No Income Verification (NIV I, II, III)
(No Tax Return Required)
ILG NIV- I - Small Business and Investor loans
Loan Amount: $150K- $3M
Multi family, Automotive, Self Storage, Mixed Use, Commercial. Warehouse, Mobile Home Park, Single Family House, Condos
LTV up to 75%
Loan Term: 30 years (P&I) fixed
Minimum Credit: 650
Turnaround time: 30-45 days
Offered in 46 states
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ILG NIV- II - Large Business and Investor loans
Loan Amount: $3M-$7M
Multi Family, Self Storage, Mixed Use, Commercial, Industrial, Warehouse Only
LTV up to 70%
Loan Term: 3, 5, 10 years (P&I) fixed
Minimum Credit: Non-Recourse, No personal credit required
Turnaround time 45 days
Offered in 50 states
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ILG NIV- III Fix and Flip
Loan Amount: $350K-$1M
Single family homes & Condos, 2-4 unit
LTV 70% on purchase, 100% on renovations
Loan Term 9 months construction, 24 months term
Minimum Credit: 650
Turnaround time: 45 days
Offered in 46 states.
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ILG does not lend in the state of North and South Dakota, Minnesota, and New Hampshire
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ILG Hard Money Program
Loan Amount: $150K-$2M
All investment and commercial property types considered
LTV up to 65% (pledged property okay)
Loan Term: 12-24 months (int only)
No minimum credit requirement
Turnaround time: 5-7 business days
Offered in Metro Atlanta only