Business Commercial Real Estate Loan

The business commercial real estate loan program is designed for business owners seeking a streamlined loan solution to purchase or refinance commercial real estate. Great for a business that may not meet the conventional lending collateral or cash flow requirements. To qualify, a business must occupy greater-than 50% of the property and the business must have at least 1 year of filed returns. The loan offers high leverage, up to a 90% loan-to-value on purchase money and up to 100%+ on a refinance with market interest rates. A variety of property types and industries are eligible for financing.

Contact me to discuss your scenario or for additional information.

  

Key Points

Mid-FICO 580+

Minimum 1 year of Filed Returns

No Geographic or Population Restrictions

Working capital may be included

Closing cost may be financed

 

 

Terms

$250,000 - $5 million

LTV: up to 100%*

Rate: Fixed and ARM

Fixed Interest: from 4.50%

Arm Interest: WSJ Prime + 2.75%

Term: up to 25 years

Amort: up to 25 years

DSCR: 1.15 - 1.25 minimum

Prepay: 3 years: 5%, 3%, 1% (20% of principal can be paid annually without penalty)

Recourse Loan

 

 

Purpose

Purchase

Refinance

Cash-Out

Renovations

 

 

Collateral

Adult Living Facilities

Automotive

Bars/Night Clubs

Bowling Alleys

Campgrounds

Condominium (commercial)

Daycare

Funeral Home

Gas Stations

Hotel/Motel

Industrial

Land for Business Use

Manufacturing

Marinas

Mixed-Use > 50% Owner Occupied

Office

Restaurants

Retail

Self-Storage

Warehouse

And more…

*Up to 90% LTV on purchase money and 100%+ LTV for refinance.