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Auto Body & Repair Shops

 

American Savings Life Insurance Co.
As a 62 year old asset based lender, we offer Not So Hard Money™ products ranging from $250K up to $8M on non-owner-occupied auto body/repair shop properties. Rates start at 6.99%. Max LTV is 65% (25% on vacant/raw land). We only lend on non-owner-occupied properties (property cannot be used as primary or secondary residence).
Lending Territory: AZ, CO, NM, NV, TX, UT

Fidelity Mortgage Lenders Inc.
40 percent maximum LTV, 20-year fixed rates, fully amortized, no prepayment penalties.
Lending Territory: CA, NV

Home Bank of California
We offer SBA and conventional financing on auto body and repair shops. SBA up to 90% LTV with a 25-year, fully-amortizing term. Conventional up to 65% with a 25/10 term. Portfolio underwriting, direct lender, specializing in hard to place loans.
Lending Territory: Southern CA

Pacific Premier Bank
SBA, USDA and conventional loan programs available for auto body & repair shops. We can go up to 85% LTV on each project. Financing available for purchase, refinance and start-up project.
Lending Territory: AZ, CA, ID, OR, NV, TX, UT, WA

Private Mortgage Financing Partners LLC
1-5 years, up to 65% LTV. We are a true hard money lender; the real property itself is the basis of our lending decision. If a property is producing or can produce sufficient income to pay the note and the value of the property will fully secure the note and provide sufficient equity, then the borrower's credit is not an issue. Instead of concentrating on minute details of the borrower's credit history as institutional lenders do, we concentrate our due diligence efforts on the real estate securing the loan.
Lending Territory: NATIONWIDE

Redwood Mortgage
Redwood Mortgage offers 1-15 year terms on commercial auto body & repair property loans. First and second mortgages for purchase and refinance loans. Properties must be environmentally clean. Rates starting at 8.5%. Loans available from $100K up to $7.5M with no prepayment penalty. LTVs up to 65%. Please call for program details and quick service.
Lending Territory: CA

South End Capital Corp.
SECC's Private Business Term Program is great for automotive shop owners ($2K to $2M) because we are qualify your financing on the cash-flow and often your bank statements alone. We don't require you to own your automotive shop which means environmental issues, in-ground lifts and problems other lenders have are not problems for us! We also offer daily, weekly and monthly payments, 1 day funding, unrestricted working capital, no prepayment penalty options and rates starting at 11%, but we also offer: no collateral requirement, no restricted industries, no caps on NSFs, no minimum deposit requirements, no time-frame for bankruptcies or foreclosures, no judgment restrictions, credit down to 500, minimum time in business down to 2 months and much more. Ask about our no credit score minimum SBA financing with rates starting at 5.5%.
Lending Territory: NATIONWIDE

Velocity Mortgage Capital
We'll lend on these property types up to 65% LTV, stated doc., no points, $100K-$5M, three or five-year fixed, 30-year amortization, no balloon. Rates are at par and can make up to a two-point rebate. 
Lending Territory: NATIONWIDE


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