Welcome to Ascension Funding Group!

December 5, 2020

09:00 – 9:00 EST

Monday to Friday

Lexington, KY 40517

The Right Loan is the Key to a Successful Commercial Venture

Our loans can help fund the projects which keep cash flow coming. Whether your opportunity is a multi-unit shopping plaza, an industrial complex or a hard-to-fund special use property such as the cannabis industry, we secure the loan you need to acquire a commercial property, make improvements, or expand your business. No matter how challenging the deal, our experience give us the tools to secure the right loan for you.

Features:*

  • LTVs up to 80%
  • Loans from $100k to $2.5M
  • Rates from 6%
  • Amortizations up to 30 years
  • Minimum 1.15 DSCR
  • No seasoning requirements for some programs
  • Purchase, Refinance & Cash-out Refi’s
  • Flexible prepayment options
  • Owner-Occupied and Investor
  • Mid-FICO scores from 600**
  • Foreign National programs available

* LTV’s, Rates and Terms vary based on borrower experience, qualifications, credit, and the strength of the deal.
** Sub-600 FICO scores are considered on a case-by-case basis

Features:*

  • LTVs up to 85%
  • Loans from $2M to $50M
  • Amortizations up to 30 years
  • No seasoning requirements for some programs
  • Purchase, Refinance & Cash-out Refi’s
  • Flexible prepayment options
  • Owner-Occupied and Investor
  • Mid-FICO scores from 620
  • Rates from 5.25%
  • Foreign National programs available

* LTV’s, Rates and Terms vary based on borrower experience, qualifications, credit, and the strength of the property.

Features:*

  • LTVs up to 100%
  • Loans from $100k to $50M
  • Up to 7 year terms
  • Rates from 5.25%
  • No seasoning requirements for some programs
  • Flexible prepayment options
  • Owner-Occupied and Investor
  • Mid-FICO scores from 600
  • Foreign National programs available

* LTV’s, Rates and Terms vary based on borrower experience, qualifications, credit, and the strength of the property.

We Can Lend on the Following Property Types:*

  • Multi-family (5+ Units)

  • Mixed-Use

  • Warehouse

  • Office

  • Retail

  • Light Industrial

  • Mobile Home Parks

  • Self-Storage

  • Assisted Living

  • Automotive Repair

  • Daycare Centers

  • Restaurants

  • Bars

  • Churches
  • Cannabis Industry
  • Hospitality
  • Strip Centers
  • Owner-Occupied Properties

* Additional programs available for many other property types and loan sizes. Please inquire.

Applying for a commercial loan is a simple process. Simply download an application packet, gather the items below, and email us your completed information.  We will have a letter of intent for you typically within 48 – 72 hours.  Average time to fund is 3 to 6 weeks from receipt of a complete application package.

Submission Docs Required

Commercial Loans

    • Commercial Loan Application
    • Executive Summary
    • Last 2 years’ business tax returns
    • Last 2 months’ bank statements showing proof of funds
    • Business Articles of Inc. / Operating Agreement
    • EIN Letter
    • YTD P&L / Balance Sheet
    • Full Tri-merge credit report
    • Copy of driver’s license
    • Personal Financial Statement

Purchase. Refinance. Renovate. Repeat.
Ascension

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