First Select Capital offers several products and services, here  

First Select Capital -Commercial Division offers Stated Income or Full-Doc commercial loans and SBA loans for full range of Class A and Class B commercial properties.   We always start with Full-Doc program, but when that does not work we have the "Stated-Income, Stated Asset" Commercial Loan.

MULTI-PROPERTY (APARTMENT LOANS):  >4 units and up; with 60 day Lock-ins upon app & fee)
*** 3, 5, 7, 10 year Fixed Programs 
Fee= par pricing
30/30 fully amortized
***ARM Indices (using Treasury, Prime, FHLB or Libor indices)
Multifamily Flyer

COMMERCIAL -FULL DOC Program: (best rates)
"Express" -Fast Closing Program: Designed for the borrower that needs a lite document, easy to close commercial real estate loan. Loan Size: $250,000 to $6,000,000
Location: Nationwide except Alaska and Hawaii.
Property Types: Type A Commercial (average to above average). Traditional commercial considered except ground up construction and land development.
Lien Position: First mortgage or deed of trust.
Interest Rate: ranges from high 6% to 9.5% depending upon overall transaction credit quality including guarantor credit score, LTV, loan amount, property type and property condition.
Loan-to-Value: Up to 90%(CLTV on Stated) or 80% on full-doc  Again, this is dependent upon property type, state and guarantor credit score.
Amortization: 15 through 30 year available
Loan Term: (same as above) 
Loan Fee (Points): par pricing (also dependent on the transaction type)
Closing: dependent on transaction, is typically 1 week from approval of appraisal review and approved credit underwriting.
Assumption/Transfer: Provided the loan is not in default and subject to Lender's discretion, loan may be assumed for a fee of 1%.
Prepayment/Lockout: Not allowed for the first two years. 5% of the unpaid principal balance due during years 3-5. After year five, the loan has no prepayment premium.
Recourse: Yes
Escrows: at closing require taxes and insurance impounds to tax due dates.

This is not an offer to lend money in any jurisdiction where it is unlawful to do so. All rates and terms are subject to change, without notice, and are subject to satisfactory due diligence and underwriting.

STATED COMMERCIAL LOAN: STATED INCOME-STATED ASSET COMMERCIAL
Our most popular Loan Product is designed for small balanced Tier 1 through Tier 4 properties whom due to personal, property or time related characteristics cannot qualify or would have  difficulty qualifying for traditional institutional quality commercial real estate financing. - Eligible Properties: Any commercial income producing real estate (no land), with low LTV.
- Eligible transactions: All types including, acquisition, refinance, rehabilitation, expansion, tenant fit-up, conversion, bad credit, partner buy-out, etc.
- Transaction size: $250,000 to $3,000,000. Call to discuss larger transactions.
- Excellent programs for underwriting based primarily on property value quality/collateral, less focus on universal personal cash-flow and credit.
- Environmental Insurance will be required as part of internal underwriting.

- Escrow: requires 12 months impounds for taxes and insurance.

Stated Income Program Flyer

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SPECIAL PURPOSE/UNIQUE PROPERTIES; and SBA 7A and 504   

SBA & Special Purpose

Our nation's real estate market is extremely diverse with countless types of properties. Special purpose and unique property types may be an insurmountable hurdle to some lenders but at First Select Commercial we have the knowledge and experience to clear those hurdles. Special Purpose and unique property types can include:

• Restaurants, Gas Station , Hotel/ Motel , Land, Golf Courses, Bowling Alleys, Night Clubs, Automobile-related, Movie Theatres, Sports Facilities, Laundromats Funeral Homes
• Camp Grounds
• Outdoor Entertainment Centers
• Trailer/Mobile Home Parks

SBA 504 Loan Flyer

First Select will consider all commercial and unique property types falling within our program guidelines and loan amounts.


Hotels/Motels:
Non-flagged hotels and motels are still considered a large component in the hospitality industry, but generally at a different competitive level. With our industry knowledge and expertise we feel we are more capable of understanding the non-flagged world of hotels and motels vs. other lending alternatives. Our valuation assumptions are based on facts that are relative to the property in question. Sources of revenue for non-flagged hotels and motels may include food and beverage areas, conference rooms, banquet rooms and daily room rentals but room revenue may also include weekly or monthly rentals that are typically not allowed in flagged hotels. This semi-permanent style of occupancy may be considered undesirable to some, but we recognize that certain properties compete at different levels. Again, the economics of supply and demand dictate the value.

RESTAURANTS:
Whatever your dining pleasure might be, First Select Commercial can fulfill the appetites for our clients with our keen knowledge of restaurant valuation. While we can't predict what restaurant will work at what location, we can do a thorough analysis of your location and facility to determine value. The time-tested adage of location, location, location applies to restaurants as much as anything else. Key factors in valuation include access, visibility, parking, and location, as well as a myriad of building factors such as size, age and condition.

Nonetheless, First Select Commercial offers competitively priced financing for a wide range of restaurant properties; including owner-occupied, and leased properties, quick-serve or full-serve restaurants, neighborhood settings or urban locations.

FIRST SELECT CAPITAL offers the alternative to conventional bank lending through Stated Income Commercial and SBA 7a and 504 loans, Commercial Real Estate Loans, Stated Multi-Family loans, Multi-Purpose, Special Purpose, Motel/Hotel,  Debt Consolidation, Investment property loans.  We provide Gas Station loans, Restaurant/Bar loans, Start-up loans using Commercial Real Estate, Multi-Purpose, Special Purpose, Hotel/Motels, RV Parks, Multi-Family, Commercial Construction Bridge Loans, Commercial Mortgages, Commercial Real Estate Loans, SBA start-up Loans, 90% Commercial Loans,  Hard Money Loans, Commercial Construction Loans, No Income Verification Loans, Stated Income Stated Asset Loans, Asset Based Loans, Factoring, Small Business Loans, Venture Capital, Joint Venture, Bridge Loans, Mezzanine Loans, Private Equity Loans, Owner Occupied Loans, Income Producing Loans, Business Plans, Loan Packages, Real Estate Portfolios, Asset Protection, Tax Reduction, Debt Management, Procurement Management.