The following is a partial list of programs offered by Southern Mortgage Commercial LLC with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 678-524-2518.
Financing solutions for apartment buildings and multifamily residential complexes with 5+ units. These loans offer competitive rates and terms tailored to residential income properties, with options for acquisition, refinancing, or renovation.
Specialized financing for hospitality properties including hotels, motels, and resorts. These loans account for the unique operational aspects of hospitality businesses, considering seasonality, occupancy rates, and brand affiliations.
Loans designed for manufacturing facilities, distribution centers, and warehouse spaces. These financing options accommodate the specialized infrastructure needs of industrial properties with favorable terms for high-value, stable assets.
Tailored financing for medical office buildings, clinics, senior living facilities, and other healthcare-related properties. These loans account for the specialized requirements and steady revenue streams typical of healthcare real estate.
Financing solutions for properties combining multiple purposes such as retail/residential or office/retail spaces. These loans are structured to accommodate the diverse income streams and varied tenant profiles of mixed-use developments.
Loans for commercial office buildings, business parks, and corporate campuses. These financing options consider tenant quality, lease structures, and location value to provide terms that match the stability profile of the property.
Specialized financing for shopping centers, strip malls, and standalone retail locations. These loans consider factors like tenant mix, anchor businesses, and foot traffic patterns in determining loan terms and conditions.
Financing options for self-storage facilities, with loan structures that reflect the typically stable cash flows and low maintenance costs of these properties. Terms can be customized for different facility sizes and market conditions.
Debt Service Coverage Ratio loans for residential investment properties that qualify based on the property's income rather than the borrower's personal income. Ideal for real estate investors with multiple properties seeking to scale their portfolio.
Non-owner occupied property loans designed specifically for business investment purposes. These loans offer flexibility for investors purchasing residential properties for fix-and-flip, short-term rentals, or long-term investment strategies.
Small Business Administration-backed financing options that typically offer lower down payments and longer repayment terms. These include 7(a) loans for general business purposes and 504 loans specifically for major fixed assets like real estate or equipment.
A range of Non-QM loan programs, including options for bank statements, asset depletion, DSCR, short-term rentals, and fast-closing HELOC/HELOANS.
A bank statement loan is a non-QM option for self-employed or gig workers with inconsistent income or high tax deductions who may not qualify for conventional loans.
A Profit and Loss (P&L) Statement Loan Program is a non-qualified mortgage (non-QM) option for self-employed individuals, freelancers, or business owners who may not qualify for traditional loans due to irregular income or significant tax deductions.
An Asset Depletion Loan Program (also known as an asset-based or asset dissipation loan) is a non-qualified mortgage (non-QM) that allows borrowers to qualify for a home loan using their liquid assets rather than traditional income sources like W-2s, pay stubs, or tax returns.
A Debt Service Coverage Ratio (DSCR) Loan Program is a non-qualified mortgage (non-QM) designed for real estate investors to finance investment properties based on the property’s cash flow rather than the borrower’s personal income.
A Short-Term Rental (STR) Income Loan Program for investment properties is a
non-qualified mortgage (non-QM) designed for real estate investors purchasing or refinancing properties used for short-term rentals, such as Airbnb or Vrbo listings.
A No Ratio Loan Program is a non-qualified mortgage (non-QM) that allows borrowers to qualify for a home loan without verifying their income or calculating their debt-to-income (DTI) ratio.
A 1099 Loan Program is a non-qualified mortgage (non-QM) tailored for self-employed individuals, freelancers, independent contractors, or gig workers who receive IRS Form 1099 to report income, rather than W-2 forms.
A Non-Warrantable Condo Loan Program is a non-qualified mortgage (non-QM) designed to finance condominium units that do not meet the conventional lending guidelines set by Fannie Mae, Freddie Mac, FHA, or VA, making them ineligible for government-backed or conforming loans.
