Michigan Commercial Property provide business-purpose real estate investors with Up to 75% LTV across loan amounts from $100,000 – $15,000,000+ at 6.875% – 8.99% (25–30 Yr Amortization, 5/7/10 Yr Fixed or 30-Yr Non-QM CRE, 660+ FICO min FICO, 21 – 30 Business Days close). In Michigan (MI), lenders underwrite to a Non-Judicial (Foreclosure by Advertisement) statutory framework (60–90 days (+ redemption)-day average timeline), a 1.38% average property tax rate (~$305/mo at the $265,000 state median), and $520/$100K hazard insurance (~$115/mo).
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