Cash flow underwriting
Commercial property, and the cash to keep it running.
Commercial mortgages with reduced income documentation for multifamily, office and retail, underwritten primarily on the cash flow of the property itself. Plus short term business funding for owners who need the operating capital, not another form.
Commercial mortgages, underwritten on the property
Multifamily apartment buildings, office buildings, office condos, retail and multifamily units all qualify for commercial mortgages with reduced income documentation. The underwriting is focused primarily on the cash flow the property itself generates, rather than a personal income statement.
Short term funding for the business itself
If you've been trading for at least 3 months, you could qualify for short term emergency business funding, with easy qualification and same day approvals designed to keep daily operations on track rather than waiting on a slow bank process.
IMS has placed Iowa mortgages since 2005. Call (319) 377-1988 to talk through a property or a funding need.
Property financing
Commercial mortgages
Reduced income documentation is available for multifamily apartment loans, office buildings, office condos, and retail and multifamily units. The property carries the loan, because underwriting is focused primarily on the cash flow it produces.
Operating capital
Short term business funding
Business owners trading at least 3 months can qualify for short term emergency funding, with easy qualification and same day approvals built to keep daily operations moving.
Mike Steger also runs the business capital side of the desk under a second name, Iowa Business Funding, from this same Cedar Rapids office.