Preferred COMMERCIAL LENDING A1-Programs
and conventional WWW.CITIPRIMEGROUP.COM
Citi Prime Group offers a variety of products that can be
customized to fit every client’s needs.
Our products include:
Home > Commercial Loans > Grade A
Small Business Administration Loans
This would be for properties such as: Apartment complexes, office
buildings, shopping malls, warehouses, mini-storage, hotels and
many other types of quality properties.
Borrowers of Grade “A” loans who wish to purchase a property
should have at least the standard 10%-30% down payment in order
to qualify for a 70-90% LTV loan. Additionally, the property income
should be fully verifiable through our review of the SELLER’S tax
returns for the previous 2 years. Additionally, the loan amount and
payments should fit a 1.15 to 1.50 debt service coverage ratio
depending on the property type.
Typical interest rates will then range between 6-10% on an
adjustable or fixed basis with amortization terms between 20 and 30
years. On Grade “A” refinances, the maximum LTV can be as high as
90% when the borrower is just refinancing their existing mortgages,
or 75% if they are seeking a cash out mortgage. With this type of loan
we are typically competing directly with local and national banks.
Thus the profits are slim.
[Back To Top] apply online | apply by fax | contact us
SBA Loans (Small Business Administration) and SBA Look-a-Like
Citi Prime Group uses this lending program on many loans. SBA
loans are perfect for many borrowers and their situations. SBA loans
are only for commercial real estate properties where the borrower will
owner-occupy at least 51% of square footage of the building. We also
have what is called an SBA Look-a-Like program that has more
aggressive parameters whereby the property only needs to be 20%
owner-occupied. The remaining building square footage can be
leased to tenants for additional income.
Thus, an owner-occupied restaurant or owner-occupied dry cleaners
are properties that would qualify. Conversely a multi-tenant strip mall
or a multi-tenant office building where the borrower is not occupying
at least 20% of the space, would not qualify.
SBA loans can be used for property acquisitions, expansions, or rate
& term refinances. Typically, SBA rates are adjustable and tied to the
Prime rate. The most common SBA interest rate is prime + 2.75%
over a 20 to 25 year amortization with no balloon. The maximum LTV
on an SBA loan is 90% with a 10% down payment. However, some
property types or loan sizes will not qualify for 90% LTV, in which case
the borrower may need a 20-30% down payment. One of the major
strengths of an SBA loan is that we can use the borrower’s future
income projections when we underwrite the loan. This allows a
borrower to buy a property that has a weaker historical income and
turn it around. Commercial loans take 30-90 days. However, in some
hard money circumstances a loan can close in less than 30 days.
[Back To Top] apply online | apply by fax | contact us
Citi Prime Group has special programs to allow you to close Grade
“A” apartment complexes, nursing homes, assisted living facilities
and mobile home parks at some incredible terms. By giving us your
leads on these types of properties, when the loan amount is greater
than $1,000,000, we can turn them into closed files, translating into
more commissions for your company. We can offer these special
loans through a government assisted HUD (Housing and Urban
Development) loan program. Although there is plenty of government
red tape that has to be dealt with, the end result of a closed loan will
be extremely beneficial to the borrower as well as profitable to you.
Please note: Citi Prime Group makes loans for as little as $200,000
and can do so on apartment complexes, nursing homes, assisted
living facilities, and mobile home parks, as well as dozens of other
property types. However, the terms on loans between $200,000 and
$1,000,000 and other loans outside of this government assisted
program, although possibly favorable, will be significantly different
from what are listed on this page.
The program provides capital to apartment complexes, nursing
homes, assisted living facilities, and mobile home parks for new
construction and rehabilitation as well as purchasing and
refinancing. All you have to do is fax us a completed Apartment and
Nursing Home Loan Application and gather some documents and
we will do the rest.
REAL ESTATE SECURED BUSINESS
• All types of Real Estate
• From $150,000 to $2 million
• Terms of up to 2 years
• Fast response
• Costly appraisals may not be necessary
• Interest only payments
FACTORING/PURCHASE OF ACCOUNTS
• For companies with monthly receivables between $25,000 to $5
• Advance rates are available up to 85 percent
• Quick access to cash
• Access can perform credit analysis, mailing and collections for the
• Internet reporting
Clients that have benefited from Citi Prime Group factoring solutions
have included those in the toy and apparel industries, hardware and
software manufacturers, oil and fuel distributors, personnel and
temporary placement agencies. Our factoring/purchase of accounts
receivable products are flexible and can be customized to meet the
specific needs of the client.
Who Do We Finance?
Our products and services are
designed to accommodate businesses
in a diverse number of industries. Our
financing products can assist clients
over seasonal periods or difficult
economic cycles, enabling them to
strengthen their financial position or
continue to grow their business.
From start-ups to seasoned
companies seeking additional funds for
expansion, acquisitions or turnarounds,
we are committed to providing timely
and efficient financing solutions.
Citi Prime Group treats each client
with the utmost professionalism and
attention and we work hard to gain
our client's confidence. Our ultimate
goal is to assist businesses in
rebuilding the financial strength
necessary to provide the bridge to
traditional bank financing.
Clients include companies that are
start-ups, absorbing acquisitions, or
• Rapid Growth/Sales
• High leverage
• Operating Losses
• Minimal or Deficit Net worth
• Turnaround or Bankruptcy
• Tax Problems
• Blemished Credit History
Working Capital Loans
Get the Cash you need NOW!
Cohen Commercial Equity
|TERMS AND CONDITIONS
Welcome to CITIPRIMEGROUP, AS KNOWN AS “CPG”, we provide service for COMMERCIAL CLIENTS seeking commercial funding placement,
alternative financing, referral service with our Affiliates lenders, partners, Brokers. arrangement. CPG is not a lender, mortgage broker, bank, loan
adviser. CPG only provides referral service for a undisclosed fee.The Citiprimegroup.com service ("CPG" or the "Service") is a way for commercial
clients to meet private lenders through our Firm. www.citiprimegroup.com is provided by Citifinancialgroup. New York, NY. This is a legal agreement
between you and Citiprimegroup.com (sometimes referred to as "CPG" where the context requires). By using our website or contacting our firm, you
become a user or client of the Service and you agree to be bound by these terms and conditions (the "Terms").
You hereby indemnify Citiprimegroup.com and undertake to keep Citiprimegroup.com indemnified against any losses, damages, costs, liabilities and expenses
(including without limitation legal expenses and any amounts paid by Citiprimegroup.com to a third party in settlement of a claim or dispute on the advice of
Attorney, legal advisers) incurred or suffered by Citiprimegroup.com arising out of any breach by you of any provision of these terms and conditions, or arising
out of any claim that you have breached any provision of these terms and conditions. You hereby unconditionally and irrevocably waive any and all right to
trial by jury in any suit, counterclaim, or cross-claim arising in connection with, out of, or otherwise relating to this website service.
These terms are governed by the federal and state laws of Arizona, New York, without regard to rules generally applicable to resolving conflicts of laws. You
agree to both the exclusive jurisdiction and the exclusive venue of the federal and state courts of the State of Arizona or New York with respect to any claim or
cause of action, whether in law or in equity, arising under or relating to these Terms or use of CitiPrimeGroup services.
This website is provided “as is” without any representations or warranties, express or implied. Citiprimegroup.com makes no representations or warranties in
relation to this website or the information and materials provided on this website.
Without prejudice to the generality of the foregoing paragraph, Citiprimegroup.com does not warrant that:
• this website will be constantly available, or available at all; or
• the information on this website is complete, true, accurate or non-misleading.
Nothing on this website constitutes, or is meant to constitute, advice of any kind. [If you require advice in relation to any legal, financial or medical matter you
should consult an appropriate professional. Citiprimegroup is not a Lender, Bank, and does not provide Financial loans support or advice.
CitiPrimeGroup corp, New York, NY 2009 CitiPrimeGroup corp. All rights reserved Tel:866-675-3729- Apply online Nationwide Loan Placement Firm
CONTACT US AT email@example.com