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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
Short term 1 to 2 years, 12 to 12.75% interest, 3 to 4 points, $200K to $3M.
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.
We offer stated income, light documentation loans secured by automotive service real estate up to 75% LTV. We don't require tax returns or financials and can close in less than 30 days. Rates start at 6.5%, credit down to 620, 30 year amortizations and fixed terms up to 7 years. We also offer full documentation, SBA financing for automotive service owners up to 150% LTV, credit down to 580 and 25 year amortizations. Conventional financing at conforming terms as well as short-term bridge financing is available up to 65% LTV as well.
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

Wilshire Quinn Capital
Wilshire Quinn Capital is a direct lender. Broker friendly. Loan sizes range from $200K to $10M, primarily in California. We typically can fund in 5 to 7 business days after receiving a signed LOI. Phase I report will be required.
Lending Territory: CA


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