> Loan Purpose


  • To purchase or refinance an owner occupied commercial property (Office or Warehouse)
  • To purchase or refinance a single family property for investment purposes (Income producing)
  • To purchase or refinance income producing multifamily or commercial property
  • To refinance commercial debt collateralized with a property (Residential or Commercial)
  • Amount range: US$ 150,000 to US$2,500,000

    Secured: First Mortgage

    Collateral: Located in Miami-Dade County. 65% LTV (lower of LTV and LTC if property was purchased in Less than two year)

    Fees: No upfront fee and No prepayment penalty

    Cost: Legal and Appraisal costs as normally required for these type of transactions

    Tenor: 5 years with 15 to 20 years amortization

    Rate: 4.65% fixed for 5 years

    Income: Net income (without depreciation) to cover at least 1.20 times the debt payments

Requirements for credit review:

- Personal and Corporate financial statement

- Two years of Personal Income Tax Returns (including k-1 schedules)

- Two years Corporate Tax Returns

- Property address & folio number(s)

- Sales contract if loan is for a purchase / loan statement if a refinance

- Rent roll, lease agreement and property expense summary

- Three months of bank account statements Personal and Corporate

* Offer valid through June 30,2018 - Subject to credit approval and collateral, contact us for details. *

Our greatest asset is you... Our Family!
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Intercontinental Bank

5722 SW 8th St. West. Miami FL. 33144

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