McCoy Brokerage Service

713 Lenox Circle

Douglasville, GA 30135, United States

Cell:  7702565152

Office:  770.268.8451

Fax:  888.770.327

Elijah@mccoybrokerageservice.com 

 

Construction loans *

  • Commercial loans are for commercial owner occupied and investment properties 

        Loan to value - 80 - 90% or 65% of the future value

  • 10 - 20% cash down required
  • Minimum FICO score of 650
  • Debit service requirement:  1.25
  • ​Loans typically close within 45-60 days

*  When obtaining a construction loan, we prefer that the construction plans are already approved by the county in which you are building.  This will help to minimize delays in the loan prcess.

  • Documentation required:

         - Loan application

         - Credit report

         - Tax returns

  • Loan to value - 55 - 70% 
  • Limited appraisal
  • Loans typically close in 3 weeks
  • 48 hour underwriting turn around
  • Can close 48 hours after appraisals review!

Hard money loans

  • Full documentation required 

         - Personal tax returns

​         - Corporate tax returns

         - Financials 

         - Credit report

  • Commercial owner occupied properties
  • Loan to value - 80 - 90% 
  • Terms available: 10 - 25 year 
  • Minimum 650 credit score
  • Debt service requirement of 1.25
  • ​Need money for working capital
  • Loans typically close in 30 - 45 days

SBA Loans

  • Full documentation required
  • Commercial owner occupied properties and/or commercial investment properties
  • ​Loan to value - 75% - 85% 
  • Terms available:  20 - 25 years
  • Debt service of 1.20
  • Minimum credit score of 620
  • Loans typically close within 30 - 45 days

Conventional loans

Full Documentation loans

  • Documentation required - personal tax returns, corporate tax returns, and financials on the borrower and the property
  • Loan to value - 90% 
  • Terms available: 2, 3, 7 & 30 year fixed fully amortized for 30 years (No Ballons)
  • Debt service requirement of 1.20
  • Minimum 650 credit score
  • Loans typically close in 30 days
  • Documentation required - Personal and corporate tax returns on the borrower
  • Commercial owner occupied properties
  • Loan to value - 100% 
  • Terms available:  3, 5 10 & 30 years fixed
  • Property DSCR is not calculated or required
  • Minimum FICO score of 650
  • Loan typically close 3 - 4 weeks

Health care financing

(100% LTV Financing)

Types of Loans

Copyright 2015.  McCoy Brokerage Service.   All rights reserved.

Gas Stations 


Golf Courses


Hospitals


Hotels


Industrial Facilities


Laundromats


Manufacturing Facilities


Mixed-Use Properties


Mobile Home Parks


Motels


Movie Theaters


New/Used Car Lots


Types of Properties we finance

MCCOY

Brokerage Services

Not sure if your commercial property is elibible?  Contact Elijah McCoy for more information at 770.256.5152!

Office Buildings


Office Condos


Parking Lots


Ranches And Farms


Restaurants


Retail Stores


Sating Rinks


Self Storage Facilities


Senior Housing Apartments


Shopping Malls


Student Housing Apartments


Warehouses


Apartment Complexes


Assisted Living Facilities

Auto Care Facilities


Automotive Shops

Barber Shops/ Beauty Salons

Bed And Breakfast

Bowling Alleys

Car Wash Facilities

Daycare Facilities

Department Stores

Drugstores


​​Funeral Homes