Best Rate & Terms
With ICS, you get flexible, streamlined financing solutions and certainty of execution for the acquisition or refinance of multifamily, commercial, and investment properties. When it comes to attaining the most competitive rate and terms, ICS gets it done. ICS underwrites, structures, prices, and packages your loan for multiple lenders to simultaneously review, including banks, credit unions, private lenders, life insurance companies, and numerous agency lenders, including Freddie Mac, Fannie Mae, and FHA. Competing Lenders either meet, beat, our counter-offer our asking rate and terms, ensuring you attain the most competitive financing available.
Conventional Fixed-Rate Loans
ICS Conventional Loans are permanent (long-term) fixed-rate loans with initial fixed periods of 5, 7, 10, 12, 15, and 30-years, up to 30-year amortization, have a prepayment penalty, offering the lowest rates available. Properties must be stabilized and meet stricter conventional underwriting guidelines. These loans typically close in 45 to 60 days.
2.6% to 4.99%
FLEX Fixed-Rate Loans
ICS FLEX Fixed-Rate Loans are non-conforming loans with 5 to 30-year fixed-rate terms and up to 30-year amortization. Underwriting guidelines are more flexible, providing long-term financing for borrowers and/or properties that don’t meet conventional guidelines. Rates and LTV limits are FICO score based.
4.75% to 8.25%
Bridge (Hard Money) Loans
ICS Bridge Loans are interest only with fixed terms ranging from 1 to 3 years, and usually have no prepayment penalty. Underwriting guidelines are more flexible. Bridge loans are asset-based used to stabilize or rehab commercial or investment properties to resell or refinance long-term. Bridge loans offer fast closings in 7 to 21 days.
6.99% to 11.99%
Fix & Flip Loans
ICS Fix & Flip Loans are interest only with fixed terms ranging from 9 to 12 months, and have no prepayment penalty. We offer up to 100% LTV and 95% LTC depending upon the project. Fix & Flip loans are used to complete small to major rehab projects in order to resell or refinance long-term. Fix & Flip loans close in 21 to 30 days.
6.75% to 11.25%
Construction Loans
ICS Construction loan terms are 9 to 24 month interest only terms, and usually have no prepayment penalty. Underwriting guidelines are project specific and require a minimum of one construction project completed within the last 5 years. Constructions loans can close in 30 to 60 days.
5.99% to 9.25%
SBA Real Estate Loans
ICS funds SBA loans for owner-occupied commercial real estate, including purchase, refinance, rehab, and new construction. Properties can be single-tenant or mixed-use, with 51% or more of the property occupied by the property owner's business. SBA loans require as little as 10% down and can close in 30-45 days.
5.5% to 8.0%
Federal Prime Rate
3.25%
The U.S. Federal Prime Rate is a commonly used, short-term interest rate in the banking system of the United States. All types of American lending institutions (traditional banks, credit unions, wholesale lenders, thrifts, and private lenders) use the U.S. Prime Rate as an index or foundation rate for pricing various short, medium, and long-term mortgage products. ICS prices loans using the Federal Prime Rate as a benchmark, adding or deducting margin based upon the property type, income, and overall stability of the asset. ICS structures and packages loans, including rate and terms, then sells or brokers these loans to the most competitive lender, who either meets, beats, or counter-offers our asking rate and terms.
In General
In most cases, conventional multifamily loans over $1MM are within 0.5% of the Prime Rate, up or down. Multifamily loans under $1MM are typically 1% to 2% above the Prime Rate. Conventional commercial properties loans, including office, retail, and industrial are usually funded at 0.25% to 0.5% above multifamily rates, given a higher level of risk. Short-term Bridge loans and Fix & Flip loans typically price at 1.75% to 8.75% above the Prime Rate. SBA loans are 2.25% to 4.75% above the Prime Rate. Final rates are determined by loan-to-value, location, operating income, occupancy, and overall asset and borrower financial stability.
Certainty of Execution
As a Correspondent Lending Company we have direct underwriting capabilities with numerous lenders, allowing us to cut weeks off a typical closing schedule. Our private capital fund also allows us to fund loans in-house for time-sensitive transactions. Loans are then sold or assigned to the final lender.
Bridge
7 - 21 Days
Conventional
45 - 60 Days
Fix & Flip
21 - 30 Days
FLEX
30 - 45 Days
How it Works
Submit your loan request online.
ICS prices and structures your loan, including asking rate and terms. Your loan is underwritten across multiple Lenders simultaneously.
Interested Lenders either meet, beat, or counter-offer our asking rate and terms, offering their best rate available.
We negotiate and close your loan through the most competitive Lender, ensuring you attain the most competitive options available.
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