Commercial (Multi-Unit) NON-RECOURSE Loans Finally Available – No Taxes

October 19, 2010


My partner Mike Motlagh, who’s a commercial mortgage Broker, finally found a small  bank that provides commercial NON-RECOURSE loans, with NO TAX records required.   Their niche is apartment buildings only, and they’ve been in business for over 20 years.  The non-recourse mortgage interest rates are under 4.5%-7%, and a 20% down payment is required.   For refi’s or cash-outs, it’s 75% LTV.   You guys know these kinds of commercial loans are impossible to find!!!

Please e-mail, or call Mike directly, for more info: (562) 413-0135 or

  • Multi-family properties only
  • Non-recourse BANK loan; not hard or private money
  • 75% LTV for refi/cash-out; 80% LTV for purchases (depending on DSCR)
  • Interest rates are 4.5%-7%, depending on the DSCR (Debt-Service Coverage Ratio)
  • 5, 7, 10, 15, and 30 yr. loans available
  • 5+ units / $500k – $5M (above $5M on a case-by-case basis)
  • Downpayment does NOT have to be seasoned, but has to be liquidIf government subsidy, tax credit, or grant money is used for a downpayment, properties will be evaluated on a case-by-case basis
  • No secondary/subordinate financing allowed
  • More than one property can be financed at a time by the same owner
  • No seasoning requirements for refinances, just the “90 Day” rule for stabilized occupancy
  • Only liquidity and credit are verified on 1003.  Tax returns are not required.


commercial non-recourse loan
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7 Responses to “Commercial (Multi-Unit) NON-RECOURSE Loans Finally Available – No Taxes”

  1. Ketan Verma Says:

    Is the real estate industry on its peak ?

  2. Angella Says:

    For investors, yes, if you consider this is an opportunity of a lifetime for acquiring properties for long-term.

    But in the Western US, we really bottomed out last year on lowest-priced properties. Phoenix is the exception, and it’s bottoming out right now.

    For high-end properties that didn’t have more than 25-30% of a drop in price – they’re still coming down in price slowly, and will probably continue doing so until we reach some kind of an affordability index ratio.

    Does anybody have other (or similar) observations?

  3. Edmon Mamane Says:

    I have a unique situation where I have lots of foreign customers, and am looking for product that may fit certain criteria. perhaps we can help each other.

    My number 978 855 7570

  4. Angella Says:

    Edmon, has their money been cleared into US? Patriot Act requirements… If not, call my attorney Teresa Straley, Esq (310-902-0346), and she can point you in the right direction. Once the money is cleared, we can get the, some properties.


  5. Edmon Mamane Says:

    Thank you Angela,
    The funds are all clean and clear the US. what we are looking fro is loans to foreign nationals, Is will be great if you caan point me in the right direction.

    Kind regards
    Edmon Maamane

  6. TR Says:

    Would be interested in learning of your broker and banker. Quick note are you also aware of reputable Down payment assistance group(s) as well for commercial multifamily properties?

  7. Angella Says:

    Banks want you to have some skin in the game, but will make exceptions. Ask Mike (Broker) about that – he was working on a Jacksonville deal bank went along with, where down payment was a Grant, BUT the city Mayor vouched for it (that was key).

    Also, FHA multi-Fam loans are only 8% down, did u know that? Local Orange County CA broker does them here.

    There are other programs where city/county will kick in some subsidies for affordable housing , but I’m not sure of specifics. Again, banks WILL consider them on a case-by-case basis.

    Do you have something in-work already, or you just checking around?

    BTW, your e-mail is being returned as undeliverable.


    Angella Raisian – Broker/Owner
    Paragon Realty & Investments
    (310) 528-5789

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