Welcome to American Cash Solutions Inc's Corporate website. We are a New York based Commercial Mortgage Broker that will work with all building types.  Our emphasis is on Hospitality and Construction projects.  Our Company recently obtained an $11.5 million LOI for a MidWestern Builder.  The  Construction Loan finances construction of over 100 homes and over 10 commercial properties. We work with excellent, good and bad credit. We enjoy learning about the many types of businesses that keep America strong. If you feel your local bank has declined you but you know that you have a profitable business call 631-368-2219 and ask to speak to the Owner Charles Hennebeul.

Customer Service Alert: We strongly encourage all applicants and referring agents to call Friday evenings, Saturdays from 9am to 5pm and Sundays after 1pm up to 8pm.  Due to the increased needs of small businesses of America we extend this courtesy. Call Charles G Hennebeul at 631-368-2219. Leave a message and he will return your call within 24 hours.Get Equifax Score Watch Now!

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 This page highlights commercial loans from $100,000 to $3,000,000.00  If you need a commercial loan from $3,000,000.00 to $200,000,000.00 please visit the large balance loan by clicking on our webpage CommercialLoansFrom3millionto200milliondollars 

Owner Occupied Commercial Loan Program for Hotels, Motels,Bed and Breakfast,Convenience Stores, Mixed-UseIndustrial, Self Storage Facilities,Auto Repair/Service,Gas Stations(subject to environmentals)

*Loan Size:$150,000 to $2,000,000

*Term:15 to 25 years

Rate:WSJ Prime +2.75% Quarterly Variable(fixed rate loan programs are available through other lenders and are quoted to loan applicants once a full file is received)

Prepayment Penalty:3 Year, 5%,3%,1% Declining

No Balloons-No Lockouts and full amortization on this lender's program.

Credit Scores above 500 required.

Purchases require 10% injection by borrower

Please Note:We will be adding more information on financing for Flag(Franchise)Hotels within the next week(third week of September).  The program above is only one of many programs on the market.  The above program is from one lender and may not be the loan program that best fits your needs.  We have other loan programs available.

October 2008 News Flash! Did your bank tell you your cash flow problems is why you are declined by them even though your cash flows through their checking account products?  Call us and ask about the No Debt Service Loan offered by one of our banks ..up to $300,000 for Investment properties and up to $600,000 for Owner Occupied Properties.  Minimum 650 FICO score!

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Commercial Loan Request for Restaurant Properties are accepted by our company. Notice the lender above considers restaurant buildings to be Class III-that's the lowest ranking and this is an industry standard.

 A loan against a restaurant building is not to be confused with the restaurant business. A restaurant building is just that --a building built for a restaurant... You can own a restaurant but not own the building. In this case your restaurant pays rent to the landlord. You may decide to buy the building from the owner one day. At that point you own the building and the restaurant. Typically the restaurant is a separate legal entity from the building(consult your attorney on this) and a loan may be granted using the equity in the building but not the value of the business. You may also obtain a business loan against the Restaurant(whose value comes from the customers, reputation, breakfast, lunch, dinner etc) and this business loan does not necessarily need to be against the building(and will not be against the building if you don't own the building and just own the business).

Please Note: If the Restaurant has trouble being approved for financing but the building is bankable you cannot roll the restaurant business loan request into a commercial building loan because the buildings value does not come from the Restaurant. This means you cannot request the business loan be "hidden" in the appraisal!

If your credit score is less than 650 do not panic, on a case by case basis we have other lenders that lend to owners of restaurant buildings with scores of less than 650. One of our lenders may in some cases go up to 80 to 90% ltv on your Restaurant building. If your loan is an emergency situation refer to the situational loan program above or the Second mortgage program on the page titled "Other Loans".

Did you know?: Restaurant businesses(ie the meals, not the building) has one of the highest failure rates among all businesses? That is why you may have seen in your town a restaurant building constantly changing the type of restaurant every few years!

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FULL DOC LOANS

STATED INCOME LOANS; or No DCR Loan (great for cash businesses)

NO INCOME NO ASSETS(great for cash businesses)

Purchases and Refinances (with or without cashout)

Up to 95% CLTV.

Minimum Loan Amount:$100,000 and up into the double digit millions. 

Class I: Commercial Loans for multifamily and mixed-use Class II: office, retail, warehouse, self-storage, mobile home parks, automotive services (must clear environmental risk parameters) Class III: light industrial, restaurants, hotels/motels All income-producing property types considered. 30 Year fixed Rate Term Available as well as 3,5, and 10 year fixed period 15,20,25, and 30 year amortization available!  WARNING:Rehabs loans exist for mixed use and multifamily.  We strongly advise you to NOT use your credit cards for renovation as we have been seeing some owners do.  This has led to financial difficulty for some and should only be as a last resort Is your hard money lender being too hard on you?  Call us and we'll see what we  can do for you. Frequently Asked Questions On Class 1 (5+Multifamily and Mixed Use) Question:I've never heard of your company.  What do you have that will help me. Answer:We are always researching new banks, new programs, which lenders are at the top of their game.  The company has access to lenders that entertain loans as small as $100,000 and as large as $500 million.  Some of our lenders are federally chartered banks, while others are backed by multibillion dollar hedge funds and private equity. Question:Once I buy the property and realize that more work needs to be done on the property can I obtain additional financing? Answer:Absolutely! Depending on the amount of work involved we may be able to introduce your loan application to our lenders.  If the amount of work involved does not warrant a new loan we will advise you on what options you may be able to take.  Question:Why do you advise against using credit cards for rehab of my units when I already have access to the cards and they have low interest rates? Answer: From a cash flow perspective take a look at what happens under Murphy's law.  If all the credit cards go up to 29% how will this help your profit margin?  Most notable we are seeing buildings worth less than $500,000 in this scenario where loan amounts are about $250,000 and the amount of credit cards being used are from $50,000 to as high as $80,000.   Question:I used my savings to rehab my building and over the years there were unexpected cost that I didn't include in my planning.  This was personal money that I contributed to the building and now I feel like the building owns me instead of me owning the building, can I get the cash back from a refinance? Answer:We have cash out loans available and as long as the whole new loan has a genuine benefit to the borrower then we will request the cash back.  While not always required, receipts showing your personal contribution may help substantiate your request.  Disclaimer:Please keep in mind that no promise to lend is implied in our frequently asked questions, that our Company is a Commercial Mortgage Broker and is not empowered to make loans and can not promise a loan approval, express or implied, in writing or verbally, no perceived promise is valid.  The only time you should make final plans is once the loan has closed and funded!

Bailout???? A Note On The Truth

Banks are still lending because not all banks were involved in the subprime residential mortgage crisis.  Many commercial lenders don't even do residential loans and lend against hard brick and mortar commercial buildings.  Some buildings in certain parts of the country had a few fly by the night residential brokers and now are stuck with "For Rent" signs on the front lawn but that's about it.  O.K., so some commercial real estate lenders that did some creative stated income stated asset loans with high ltvs that fail to take into account the normal and not so normal ups and downs of a commercial market are like voyagers stuck in a desert with no water(duh) but most commercial lenders are having no problem keeping the front lawn of their corporate headquarters well watered and as green as the money they lend!

Some of our lenders go down to 620, other go down to 600 and one of our lenders goes as low as 500 and lower on a case by case basis. If your score is lower than 600 please understand that rates will be higher than any residential rate and higher than the commercial rates you get for A credit. It is very possible that as of the date of this typing(May of 2008) lenders will increase credit scores When that happens we will date stamp that occurrence on this website to show how over time commercial lenders will be tightening their lending guidelines!Minimum Credit Score:We have a lender that will lend to borrowers with scores of less than FICO of 500 on a case by case basis. Most want above 500 and some won't even look at scores if your project is a diamond in the ruff and over $2 million.  Get Equifax Score Watch Now!
(No promise to lend is made by American Cash Solutions Inc and all loans are subject to the final approval of any bank)