Apex Mortgage Corp

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