SERVICES
The primary requests we get involves loans to be secured by commercial real estate.
Loan Locis,LLC will packaged loan request for owner occupied businesses that wish to purchase a building or refinance a building currently owned by the company
Invest property loans are sought by investors purchasing real estate to generate rental income or to rehab for sale. Many investors seek to refinance their current loan for a better rate or due to their existing lender’s demands.
Lines of credit loans are requested to support the working capital needs of the business client. Loan Locis will examine the business client’s cash conversion cycle, underwrite the loan,and place it with an appropriate lender.
SBA Loans are available through Loan Locis, LLC. We will aid in packaging the loan for submission to lenders participating in SBA 7(a) and SBA 504 programs.
RESIDENTIAL INVESTMENT PROPERTY LOAN
A residential investment property loan is sought by those looking to refinance or purchase a residential property as an investment with payment for the loan coming from the rents received. Other residential investment property loans are sought by those who wish to purchase, rehab, and sell the property at market rates following the property’s rehab. The property can be an individual home or a multi-family property such as an apartment building.
COMMERCIAL PROPERTIES LOAN
A commercial property loan is made for the purchase, refinance, or expansion of real estate for a manufacturer, warehouse operation, office condo or office building, or land development projects. These loans can be made for an owner who will occupy the building or for an investor who will lease the property.
SBA LOANS
An SBA guaranteed loan can be a valuable resource for small businesses that need help growing their business. For the SBA 7(a) loan, the government will guaranty up to 75% of the loan amount. The 7(a) program is for Working Capital, Inventory, Business Acquisitions, Equipment, Real Estate, and Debt Refinancing. The maximum Loan size is $5 million. An SBA loan is also available to those business owners who wish to purchase owner-occupied industrial, commercial building, or fixed assets at below-market interest rates with as little as a 10% down payment. The loan proceeds provide funds to purchase or remodel an existing building or to construct a new facility. Refinancing business debt is also available.
