Quaker State Commercial Finance

About Quaker State Commercial Finance is a private commercial mortgage financing firm located in suburban Philadelphia, Pennsylvania.

The company provides various types of debt and equity capital for real estate and business ventures. Quaker State and its affiliates have provided commitments for over $900 million dollars in apartments, office buildings, residential developments, land loans, shopping centres, and other more unique projects.

This company has continued to maintain a reputation of quality, integrity, creativity and honesty in the commercial finance industry.

Procedures of providing Finance The initial underwriting is based on the criteria of the individual loan program. To submit a loan proposal, the following material is needed for the pre-underwriting stage,

  1. Loan Application or Loan Request Summary
  2. Executive Summary or overview of the loan proposal
  3. Current financial statement – business & personal
  4. Last 3 years tax returns – business & personal
  5. Agreement of sale, if any
  6. Appraisal, if any
  7. Color photographs of the property
  8. In-file credit report or credit authorization
  9. Breakdown of renovations/improvements, and use of proceeds
  10. Business Plan, including 5 year proforma

Additional information may be required at other stages of the loan process, but not all of the above information will be required for every loan program. Letter of Intent Once a project meets the underwriting criteria, a Letter of Intent (LOI) is issued to the borrower.

The LOI outlines the terms and conditions on which a loan would be based. These terms generally include the amount, loan term, interest rate, collateral, borrowers, guarantors, origination fee and any other essential information, terms or conditions. This letter of intent is not a commitment to fund.

Upon issuance of an LOI, there may be a fee to cover the costs of application, in-house underwriting, document, financial and appraisal review. This fee can be credited against any Origination Fee payable in connection with the closing of a transaction. Due Diligence/Site Inspection/Commitment Following receipt of the executed Letter of Intent, we begin the process of formal due diligence. Based on the initial submission material and preliminary discussions with the prospective borrower or borrower’s agent, Quaker State will determine what additional information is required.

If a site inspection is required, if a commitment can be issued at this time and what third party reports will be necessary.

It is determined on a case-by-case basis and the individual loan parameters. In each case, our goal is to satisfy any and all underwriting criteria in order to determine final funding conditions. Firm Commitment Once all conditions have been satisfied, a firm commitment for funding is issued with final terms and conditions to proceed with the funding of a loan. Participations It may choose one or more participants in a loan, or may decide to assign the loan to investors prior to or immediately after funding a loan.

When we choose to arrange such transactions, it is our sole responsibility to arrange these participants and not that of the borrower.

Only due diligence can affect the loan parameters, not a participant. It gives Quaker State greater financial resources, loan parameters and expertise in helping clients to successfully achieve their financing goals.If anybody need of this finance Please try to contact 610.667.6701 or by email quakerstatemortgage@gmail.com.

Quaker State Commercial Finance

About

Quaker State Commercial Finance is a private commercial mortgage financing firm located in suburban Philadelphia, Pennsylvania. The company provides various types of debt and equity capital for real estate and business ventures. Since its inception over 30 years ago, Quaker State and its affiliates have provided commitments for over $900 million dollars in apartments, office buildings, residential developments, land loans, shopping centers, and other more unique projects. Our company has continued to maintain a reputation of quality, integrity, creativity and honesty in the commercial finance industry.

Procedures

The following is to give any prospective client/broker/borrower an understanding of the typical process involved with most loan programs.Pre-Underwriting

The initial underwriting is based on the criteria of the individual loan program. To submit a loan proposal, the following material is needed for the pre-underwriting stage:

1. Loan Application or Loan Request Summary
2. Executive Summary or overview of the loan proposal
3. Current financial statement – business & personal
4. Last 3 years tax returns – business & personal
5. Agreement of sale, if any
6. Appraisal, if any
7. Color photographs of the property
8. In-file credit report or credit authorization
9. Breakdown of renovations/improvements, and use of proceeds
10. Business Plan, including 5 year proforma

Additional information may be required at other stages of the loan process, but not all of the above information will be required for every loan program.

Letter of Intent

Once a project meets the underwriting criteria, a Letter of Intent (LOI) is issued to the borrower. The LOI outlines the terms and conditions on which a loan would be based. These terms generally include the amount, loan term, interest rate, collateral, borrowers, guarantors, origination fee and any other essential information, terms or conditions. This letter of intent is not a commitment to fund.

Upon issuance of an LOI, there may be a fee to cover the costs of application, in-house underwriting, document, financial and appraisal review. This fee can be credited against any Origination Fee payable in connection with the closing of a transaction.

Due Diligence/Site Inspection/Commitment

Following receipt of the executed Letter of Intent, we begin the process of formal due diligence. Based on the initial submission material and preliminary discussions with the prospective borrower or borrower’s agent, Quaker State will determine what additional information is required, if a site inspection is required, if a commitment can be issued at this time and what third party reports will be mandatory.

It is determined on a case-to-case basis and the individual loan parameters. In each case, our goal is to satisfy any and all underwriting criteria in order to determine final funding conditions.

After all conditions are met, a firm commitment will be issued with final terms and conditions to proceed to funding .

If you are trying to finance an investment or commercial property please contact quakerstatemortgage@gmail.com or Tel: 610.667.6701.

VALLEY VIEW MOBILE HOME PARK

Quaker State Commercial Finance,
Inc.
 

On this date closed and funded a

$1,000,000.00

 70.0% – CASH OUT, 6.35% – FIXED
25 YEAR AMORTIZED REFINANCE 

of the

VALLEY VIEW MOBILE HOME PARK

AN OUT OF STATE AND MINORITY OWNED
66 PAD MOBILE HOME PARK LOCATED IN
READING, PA
 

For more information please call:

Quaker State Commercial Finance, Inc.

1950 Butler Pike, Suite # 137
Conshohocken, PA. 19428
Phone:    610-667-6701
Fax:      866-593-6320

Email:   QuakerStateMortgage@gmail.com
Website: www.QuakerStateCommercialFinance.com

 

This announcement is a matter of record

The Surf Comber

Quaker State Commercial
Finance – National SBA

On this date closed and funded a

$700,000.00 – 25 Year

 Vulture Fund Bailout Loan

Including a $250,000.00 Haircut for

“The Surf Comber”

A 31 Key Mid Century Seasonal “doo
wop” Motel; located in Wildwood, NJ

Reducing the Borrower’s Monthly
Payment by more than 35.0%
 

Quaker State Commercial Finance, Inc.

1950 Butler Pike, Suite # 137

Conshohocken, PA 19428

This announcement is a matter of record

quakerstatemortgage@gmail.com

610-667-6701 (o)

866-593-6320 (f)

The “908” Market

Quaker State Commercial Finance

The “Hard Money” Specialists

Completed the placement of a 

$285,000.00 

A “White Shoe” Hard Money Cash Out Refinance

For

The “908” Market 

A Dominican Oriented Minority Owned Supermarket

Located in

Bronx, New York 10460

This announcement is a matter of record

Quaker State Commercial Finance, Inc.

1950 Butler Pike, Suite #137

Conshohocken, PA 19428

610-667-6701 (p)

866-593-6320 (f)

quakerstatemortgage@gmail.com

Web Site: www.quakerstatecommercialfinance.com

Rubicon Chiropractic Center

December 16, 2014 

QuakerState Commercial Finance 

The “Hard Money” Specialists

Completed the placement of a 

$330,000.00 

“Hard Money” Debt Restructure Bridge
Loan including 400 Credit, Federal, State
& Local Tax Liens plus a Bank
Foreclosure
 

For

Rubicon Chiropractic Center

West Bend, WI 53095 

This announcement is a matter of record

Quaker State Commercial Finance, Inc.
1950 Butler Pike, Suite #137
Conshohocken, PA19428
610-667-6701 (p)
866-593-6320 (f)

quakerstatemortgage@gmail.com

Web Site: www.quakerstatecommercialfinance.com

Ridgewood Caterers

Quaker State Commercial Finance, Inc. 

On this date closed and funded a

$2,612,500.00 

 RATE AND TERM REFINANCE 

for

“Ridgewood Caterers”

A

Mixed Use Commercial Complex

Including a Catering Hall  

Located in

New York, New York

For more information please call: 

Quaker State Commercial Finance, Inc.

1950 Butler Pike, Suite # 137

Conshohocken, PA. 19428

Phone:    610-667-6701

Fax:      866-593-6320

Email:   QuakerStateMortgage@gmail.com

Website: www.QuakerStateCommercialFinance.com

This announcement is a matter of record

Richmond Electric

 

Quaker State Commercial Finance, Inc.

On this date closed and funded a 

$1,075,000.00

ACQUISITION / PERMANENT  

BANK FINANCING   

for

“Richmond Electric”

A Commercial Electrical Contractor 

Relocating to 

Staten Island, New York 

For more information please call: 

Quaker State Commercial Finance, Inc.

Merchant Bankers 

1950 Butler Pike, Suite # 137

Conshohocken, PA. 19428

Phone:    610-667-6701

Fax:      866-593-6320 

Email:   QuakerStateMortgage@gmail.com

Website: www.QuakerStateCommercialFinance.com

This announcement is a matter of record

R & J Automotive

Quaker State Commercial Finance

Closed and Funded on this Date a

$1,225,000.00

Acquisition Financing for a Minority Owned

Automotive / Mixed Use Complex 

R & J Automotive

Guttenberg, N J 

With a Commercial Bank 

For more information please call:

Quaker State Commercial Finance, Inc.

1950 Butler Pike, Suite # 137

Conshohocken, PA. 19428

Phone:    610-667-6701

Fax:      866-593-6320

Email:   quakerstatemortgage@gmail.com

Website: www.quakerstatecommercialfinance.com

This announcement is a matter of record

Que Chula es Puebla

 

Quaker State Commercial

Finance

On this date closed and funded a

$292,500.00

“Hard Money Takeout”

Bank Loan

Reducing Borrowers Payment by 50.0%

“Que Chula es Puebla” Mexican Restaurant

 Adjacent to “The Piazza at Schmidt’s”

Philadelphia, PA

Quaker State Commercial Finance, Inc.

1950 Butler Pike, Suite # 137

Conshohocken, PA 19428

This announcement is a matter of record

quakerstatemortgage@gmail.com

610-667-6701 (o)

866-593-6320 (f)