A
Better Mortgage Company Services
Financing
Even in these tough financial times it is possible to obtain
funding you have been searching for. Regardless if the property
is a mixed use or single tenant, multi tenant, retail, apartments,
condos, office even hotels. If you are seeking a long term
commercial mortgage or a construction loan, we are the company
you should rely on. The partners of Wellington Associates,
A Better Mortgage Company, can assist you in obtaining mortgages,
construction loans, mezzanine and other forms of interim financing
as well as refinancing an existing mortgage. If you are unsure
of what is the best form of financing for your projects, we
will work with you to develop a plan that guarantees funding
will be available for you when you need it throughout your
projects’ lifetime. We have experience handling
all facets of the loan and mortgage processes. Through our
years of working in the field we have developed strong relationships
with banks, credit unions and other financial institutions.
In addition to creating strong relationships we have built
our reputation on providing the highest quality product
to our clients as well as bringing high quality packages
to banks and other institutions. Thus when you choose to
work with Wellington Associates you are in fact not only
adding additional prestige to your project but also increasing
the amount of avenues from which funding can be obtained.
The following are general requirements that we have established
for potential projects. Through years of working with lenders
these requirements help speed up the entire loan process
o by giving us the information needed to aid us prepare
and shop your loan to different banks and financial institutions.
Our criteria for applicants are as follows:
- The property must be in the greater New York City vicinity
- Manhattan
- The Five boroughs
- Nassau County
- Suffolk County
- The loan amount be greater than a half million dollars
($500,000 minimum)
- You must own or be in contract to purchase the property
- Have a credit score no lower than 610 (we will assist
in running credit scores for you should you not
know your score)
- Financial documentation (varies depending on the type
of loan being applied for)
- Rent rolls
- Income statements
- Balance sheet
- 2 years of income tax returns
If you have any questions, please feel free to contact
us.
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