Apex Mortgage Corp


[Total: 6    Average: 2.8/5]

apexPhone: (877) 604-5304

Address: 1 Walnut Grove Drive, Suite 300 Horsham, PA 19044

Website: http://www.apexmtg.com

Email: mfoxall@apexmtg.com

States They Lend In: 42 States EXCEPT: Alabama, Alaska, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

 

Loan Programs

 

APEX works with brokers to provide direct lending to your commercial clients with urgent financing needs. Many of the businesses that we work with have found that traditional banks will not underwrite small balance loans or loans to support building purchase, renovations, debt consolidation or some other commercial mortgage application. Many self-employed building owners find that banks just don’t understand them, APEX does!

 

Does your deal fit?

 

  • Loans range from $25,000 to $1 million (minimum property value of $75,000)
  • Credit rating from A0 through A7 (see Credit Grade below)
  • Property types financed include apartment buildings, mixed use, retail buildings, office buildings, warehouses, auto repair shops, day care businesses, hotels, motels, office buildings (See Property Types below)
  • APEX has the capacity to help with unusual loans and circumstances

 

APEX is a wholly owned subsidiary of Firstrust Bank. We lend in 42 states by funding and servicing commercial mortgages for their customers. We do not lend in Alabama, Alaska, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

 

Eligible Properties

 

    • Churches
    • Gas Stations
    • Salvage Yards
    • Farmland
    • Vacant Lots
    • Manufacturing
    • Condo Hotels
    • Cooperatives
    • Manufactured Housing
    • Mobile Homes
    • Restaurant/Bars

 

LTV DSCR

 

  • 2-4 unit property

70 LTV and  1.25 DSCR

  • 5-9 unit property

70 LTV and 1.25 DSCR

  • 10-25 unit property

70 LTV and 1.3 DSCR

  • Motel/Hotel

65 LTV and  1.5 DSCR

  • Mixed Use (1 commercial + 1-4 unit residential)

70 LTV and 1.25 DSCR

  • Mixed Use (commercial + residential)

70 LTV and  1.3 DSCR

  • Professional Office Space

70 LTV and 1.3 DSCR

  • Retail Store – Free/Strip Standing

70 LTV and 1.35 DSCR

  • Mobile Home Park

65 LTV and 1.5 DSCR

  • Small Commercial

70 LTV and 1.5 DSCR

  • Office/Warehouse

65 LTV and 1.5 DSCR

  • Industrial properties

60 LTV and 1.5 DSCR

Comments

  1. Virona Phillips says:

    Don’t do business with this company. They cannot be trusted.

    Asked Kevin Vanic and Andrew Schmidt not to run my credit if they did not plan to keep their word. Promised me over and over that the interest rate was set in stone providing my credit score was in fact over 700. Took weeks before finally coming back with an answer only to discover they had increased the interest rate by another 3% despite finding out that I had a 780 score after running my credit.

    Now my score is likely negatively impacted and I have to go looking elsewhere after wasting over 6 weeks with them.

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