Texas Lender is expanding its commercial loan programs natiowide.
Houston, Texas (PRWEB) September 27, 2013
Commercial Plans of Texas (CPT) is proudly announcing that its commercial loans division is heading nationwide. CPT has been active in lending up to 100% of the project cost in state of Texas. This Bridge Loan program lends for the acquisition of the property plus the rehab or redevelopment cost. Its conforming / conventional lending program also provides loans from $250,000 to $500,000,000 for income producing properties like multifamily, retail centers, office buildings, industrial warehouses and shopping malls. CPT has created a tremendous amount of connections with top commercial lenders, Business Lenders, capital partners and insurance companies to provide the sponsors (borrowers) with the lowest rate and cost. Its rates are based on the SWAP plus as low as 130 basis points margin. This nationwide lending program will also cover the parameters of lending from owner occupied all the way to investment properties including farmland buildings and SBA Loans.
Commercial Plans of Texas has also been originating home loans since 1998. Recently, it has expanded its jumbo lending limit to $ 2,500,000. CPT has been one of the oldest and highly recognized companies in the Houston Mortgage market. It lends from first time home buyers with the lowest down payment of 3% all the way to 2nd and investment home buyers. CPT has been recognized as one of the top Texas Mortgage lenders for 15 years now.