Fairview Commercial Lending FAQs

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1. What upfront fees do you have?
2. What documents do you need to start the process?
3. What type of clients utilize this product?
4. How do I submit a loan?

1. What property types do you lend on?
2. What is your min/max loan amount?
3. What is your max LTV?
4. How do you calculate LTV?
5. Why is your loan to value only 60%?
6. What type of programs do you offer (interest only, etc..)?
7. Can you do blanket loans?
8. What are your rates?
9. Do properties have to be seasoned?
10. What is your minimum credit score?
11. Can you do a CLTV?  If so what is the max?
12. My borrower has good credit, but wants a “no-doc” program,
can they get a better rate?
13. How do you determine rate?
14. Are you okay with tax liens?
15. Can you lend on a commercial property that is fully owner occupied?
16. What if the borrower is currently in foreclosure?
17. Do you do second mortgages?
18. What areas do you lend in?
19. Can you help a company with cash flow issues?
20. Can you help with the turnaround of a company?
21. Can we close the loan in a corporation, LLC, etc…?
22. Can you lend to foreign nationals?

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1. Is your evaluation the same as an appraisal?
2. How do you value a property?
3. I have an appraisal, can you use it?
4. What is DSCR (debt service coverage ratio)?
5. How is DSCR calculated?
6. Why is DSCR important?
7. Does Fairview Lending require a debt service coverage ratio greater than one?
8. How is the debt service coverage ratio calculated for a fully owner occupied property?
9. What if the property does not cash flow?
10. How do you value a non-cash flow producing property?
11. What is Cap Rate?
12. What Cap Rate do you utilize when valuing a property?
13. How is cap rate utilized?
14. What is the formula to calculate value based on the income approach?
15. How do you value a fully owner occupied property since there is not a rent roll?
16. How are underwriting decisions made?

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1. How soon can you close?
2. Do you require an environmental?
3. Can you do a 6 month interest reserve?
4. How are you able to close without an appraisal?
5. Do you have other closing fees?
6. Explain your pre-pay?
7. How is your pre-pay different from other lenders?
8. What is defeasance?
9. Do your loans have defeasance?

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1. How does a mortgage broker get paid? 
2. What do I need to do to get set up as a broker with you?
3. Is there Yield Spread?
4. Do you allow table fundings?

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1. How is Fairview Commericial Lending different from other competitors?
2. How is your program different from a hard money lender?
3. Do you fund your own loans?
4. Do you service your own loans?
5. Are you a broker?
6. Where is Fairview Lending located?
7. What associations is Fairview Lending a member of?

1. What is factoring (definition, etc..)?

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