MACCF can finance 100% of the closing costs (CASH) a Borrower needs to purchase commercial real estate properties nationwide. It's the smart way to buy commercial land or buildings while retaining your Cash reserves.
To get started, we need a copy of good faith or settlement statement from a Bank, Lender or Borrower’s Attorney showing the total amount of cash the Borrower needs to close the loan.
Are included closing cost loan from the Lender to the Borrower. The Broker need to give the Lender an document between the Borrower and the Broker sign by both parties that show the fees paid to the Broker at closing.
Is a sign contract agreement between the Seller/Borrower to pay a Realtor 1 to 6 points on the total loan at the Closing. The Realtor fee amount can be seen on the good faith statement to be pay at closing
Must have excellent credit (750+). A strong bank account, 3 years tax returns and proof of income to pay the money back in 1 year.
The Borrower will pay the Lender a percentage of the income coming from LLC or Borrowing Entity equal to the Closing Costs Loan from the Lender. The percentage is paid monthly until the principle is paid in full.
The collateral for the Closing Costs Loan is a percentage in the Borrowing Entity and a percentage of income earned until the principle is paid in full.
This money can be paid off at any time after 12 months. This will remove the Lender’s ownership stake in the Borrowing Entity.
If you don't get the Closing Cost loan you need to purchase or refinance commercial property. The applicant get 50% refund