What is a commercial real estate loan?
Commercial real estate loans are ideal for businesses looking to either purchase, develop or construct new property as well as current commercial property. The way it works is businesses can apply for this type of financing in order to secure a loan (may also be referred to as mortgage for this specific financing) which itself is secured by liens on the commercial property. As the name states, this is for commercial properties only and not for residential properties. Understanding that this loan is for commercial real estate, the terms and rates may differ from a traditional residential mortgage.
The use for this type of financing can vary, meaning the business does not have to acquire new property in order to apply. This loan can cover expenses such as refinancing or renovations needed on current business real estate in addition to covering new real estate property. Small business owners or even large corporations may be eligible for this type of loan. Keep in mind, this type of financing is very different to a traditional residential mortgage that you would apply for when purchasing or refinancing a residential property. Aside from different terms and rates (as mentioned above) the requirements and application process vary as well.
FIX & FLIP | FIX & HOLDS
Loans for investors who are buying distressed properties, rehabbing, and selling
Loans for builders with shovel-ready lots or teardown projects. Spec houses or model homes, infill, teardown, or subdivisions.
Loans for real estate investors looking to rent out single properties or portfolios and refinance or purchase.
Loans for investors buying distressed multifamily properties that need capital expenditures and rent increases to stabilize and bring value to current market standards.
Loan amount from $100,000 - No limit
Real Estate Financing Details
No income verification
Lower interest rates than most other funding structures
Tax benefits are possible for the interest costs on
Opportunity to access a large amount of funds towards your purchasing plans
Simple, straightforward application process and your financing is not based on your creditworthiness alone
650+ personal credit score for LTVs over 50%
620+ personal credit score for LTVs 50% or less
12 months mortage history
Signed one page funding application
Lease agreement required for subject property on refinance transcations
3-5 months of business bank statements
Details on the property to be acquired
How To Apply
To get prequalified, follow the "Apply Now" button and submit some basic business information.
After your submission has been processed by the underwriting team, we will reach out to discuss the options you qualify for.
Upon approval and accepting the offer, funds are deposited directly into your business bank account so you can use the money immediately.