Core Program

A successful company operates on core beliefs. Cherrywood Mortgage stands by our core belief that property owners and investors are underserved by narrow and inflexible banking guidelines. We designed this program specifically to address this issue. We understand that every loan has a unique story and we’re ready to listen to the needs and issues of every borrower.

Loan Amount $200,000 – $5,000,000
Loan Purpose Purchase, Refinance, Cash Out
Property Types Multifamily, Light Industrial/Warehouse,
Mixed-Use, Office, Retail, Self-Storage,
Mobile Home Parks, Single Family Pools
Loan to Value Up to 80%
Credit Score 600 (<600 case-by-case)
Occupancy Investor and O/O (No O/O for SFR Pools)
Terms Up to 30 Years (5, 7, 10 Year Hybrid)
Amortization 30 Year
Income Documentation Full, Lite, and No Income Documentation
Location Nationwide (Except ND & SD)

Elite Program

Quality credit deserves quality rates. Cherrywood Mortgage offers competitive rates and terms for loans that meet bank compliant guidelines by factoring in the strength of the borrower while still offering the flexibility you’ve come to know us by.

Loan Amount $500,000 – $5,000,000
Loan Purpose Purchase, Refinance, Cash Out
Property Types Multifamily, Light Industrial/Warehouse,
Mixed-Use, Office, Retail, Self-Storage,
Mobile Home Parks
Loan to Value Up to 75%
Credit Score 700 (<700 case-by-case)
Occupancy Investor and O/O (No O/O for SFR Pools)
Term 10 Years (5, 7 Year Hybrid)
Amortization Up to 30 Years
Income Documentation Full Income Documentation only
Location Nationwide (Except ND & SD)

Bridge Program

Need a little more time? Cherrywood’s Bridge Program offers additional flexibility for those who don’t yet qualify for our Core Program, giving the Borrower time to get everything in line for permanent financing.

Loan Amount $500,000 – $5,000,000
Loan Purpose Purchase, Refinance
Property Types Multifamily, Light Industrial/Warehouse,
Mixed-Use, Office, Retail
Loan to Value Up to 70% – "As Is" (Maximum initial advance)
Up to 80% – "Stabilized"
Credit Score 600 (<600 case-by-case)
Occupancy Investor and O/O
Term 12 Months Interest Only
(*6 mos extensions at .50% cost)
Income Documentation Full, Lite, and No Income Documentation
Location Nationwide (Except ND & SD)

1-4 Unit Rental Property Program

At Cherrywood Mortgage, we know investors aren’t only investing in commercial properties. With this in mind, we offer our one- to four-unit loan rental program to help investors grow their single property invest­ment portfolio or refinance their existing loans.

Loan Amount $75,000 – $1,500,000
Loan Purpose Purchase, Refinance, Cash Out
Property Types 1, 2, 3, or 4 unit rental properties (Warrantable)
Loan to Value Up to 80%
Credit Score 640 (<640 case-by-case)
Occupancy Investor only - Must be fully occupied
Terms Up to 30 Years (7 Year Hybrid)
Amortization 30 Year
Income Documentation Not required. Income will be validated by verified market rents.
Location All states except - AZ, DE, ID,
MI, MN, ND, NV, OR, SD, UT, VT

Download our Rates and Program Guidelines

Click below to download this week’s Rates and Program Guidelines for all programs. If you would like to receive our weekly emails with a link to our Rates and Program Guidelines, please complete the form to the right.

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