Consulting
Financing
Real Estate
Teaching
CAPITAL LENDING CORP.®
8417 Bergenline Avenue, North Bergen, NJ 07047
Residential & Commercial Loans
Telephone (201) 295-1400, Fax (201) 295-1444
Innovative Real Estate & Business Financing - Domestic & International!
NO PERSONAL INCOME VERIFICATION LOANS FOR INVESTMENT PROPERTIES ARE BACK! SEE BELOW.
If you or someone you know may need to borrow funds to pay taxes, consolidate debts, acquire or refinance assets, pay off balloon mortgages, start-up or expand a business or smooth out the ups and downs of the business cycle, chances are that Capital Lending Corp. can help.
The consolidation of the banking industry and the new more challenging lending environment as evidenced by the bank failures in the sub-prime market have left borrowers with fewer financing alternatives. Now more than ever before, the remaining big banks deal in volume and if a situation does not fall into their standard now more conservative lending profile, they are not equipped to handle it. Since 1995, Capital Lending Corp. has been creating value by tailoring its approach to each client’s individual circumstances. These circumstances may include: less than perfect credit, unsubstantiated income and other unique situations. CLC arranges the most appropriate financing according to the needs of our clients. Banks refer their customers to CLC because we help them keep the deposits of clients to whom they unfortunately cannot make a loan and who thus may take all their business to another bank. We are not locked into just one set of programs. Highlights of some of the available programs are listed below.
- Business Loans up to $100,000 with approvals within as little as 24 hours
- Franchise Financing
- Non-Profit Financing
- Loans for Account Receivables and /or Purchase Order Financing
- Equipment Loans and Leases
- Asset Based Lending
- Venture Capital
Commercial Real Estate Financing
- Loans for Land and New Construction
- Condo/Community Capital Improvements or Conversions
- Commercial Real Estate Loans with No personal Income Verification even for hard to finance properties
- Up to 90% financing
- Loans for most types of commercial real estate including the hard to finance properties.
Residential Real Estate Financing
- Aggressive FHA Programs
ü Credit Score as low as 530 or No Credit History
ü Housing Payments to Income Ratio up to 60%
ü Recent Chapter 13 Bankruptcy OK
ü Loan to Value up to 97.75%
ü Up to 90 days late payments
ü Financing for remodeling and repairs
ü Up to 85% Cash Out Refi
ü FHA Spot Approvals for Condominiums/Townhouses
- Up to 100% financing
- Coop Financing
- Loans and for Investment or Personal Use
- Reverse Mortgages
- Loans with limited income or asset documentation requirements
Special Financing Programs
- Loans for domestic and international projects
- Non-Bankable Loans
- Bridge Loans
Needless to say there are restrictions associated with any financing program. Please contact me to discuss any financing situation. I will also send you my well regarded email newsletter.
Please let me know how I can help you grow your business.
Needless to say there are restrictions associated with any financing program.
Please contact me to discuss any financing situation.
Jeff Bunin
Senior Loan Officer
201-207-5686 cell
“You Can Do More with Capital” Licensed Mortgage Lender – Florida Department of Financial Services
No Personal Income Verification Loans are Back! Investment Properties Only. Stated Income, Verified Assets (Self Employed or Business License) LLC Ownership is permitted Loans Up to $1 million per residence, no limit on number of properties Competitive Rates One to Four Families Total Debt Payments/Income (Back-End) Ratios: up to 45% LTV: Up to 70% for Non Owner Occupied Credit Report with a middle score of 700+ for max loan amount, but lower scores will be considered. Adjustable Rate Mortgages (ARM’s): 3/1, 5/1, 7/1, 10/1 (Term, Years / Adjustment Period, Years) Needless to say there are restrictions associated with any financing program. Please contact me to discuss any financing situation. Please contact me to discuss any financing situation. Jeff Bunin Senior Loan Officer 201-207-5686 cell “You Can Do More with Capital” 3-19-09 FHA Loans – Bigger & Better New Higher Loan Limits The American Recovery and Reinvestment Act of 2009 (Recovery Act), signed into law on February 17th, 2009, provides for new FHA Mortgage Limits, effective March 6, 2009. The new maximum standard FHA Loan limits vary by county. Bergen, Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex and Union are at the new maximum loan limits which are as follows: New 2009 FHA Maximum Loan Limits 1-Family $ 729.750 3-Family $1,129,250 LTV: (Loan to Value): Purchase: 96.5%, Rate &Term Refi: 97.75%, Cash Out Refi: 85 % Credit: Must have a credit report with a 620+ middle score and No Bankruptcy in last 4 years. Debt /Income Ratios: Up to 60% is available Needless to say there are restrictions associated with any financing program. Please contact me to discuss any financing situation. Jeff Bunin Senior Loan Officer 201-207-5686 cell “You Can Do More with Capital” 3-19-09 ---------------------------------------------------------------- Reverse Mortgages – Bigger & Better New Higher Mortgage Limits - $625,000 – Purchase or Refi House (1 to 4 Fam.), Condo or Co-Op Benefits No income verification No assets needed No credit record needed No personal guarantees If property value drops, you DON’T pay NO MONTHLY MORTGAGE PAYMENTS – EVER Qualifications 62 or older (Everyone on the Deed) Own the home you live in Live there at least 6 months a year US Citizen or a Permanent Resident Completed a counseling session by a HUD approved HECM counselor Safety Federally Insured and Closely Regulated Reverse Mortgages are endorsed by HUD and the AARP As Reverse Mortgage Specialists and as a Mortgage Banker Licensed by the NJ Department of Banking & Insurance, we are subject to a strict code of ethics. Needless to say there are restrictions associated with any financing program. Please contact me to discuss any financing situation. Jeff Bunin Senior Loan Officer 201-207-5686 cell “You Can Do More with Capital” 3-19-09
--------------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------
2-Family $ 934,200
4-Family $1,403,400
