| Commercial Loans and Programs
What Qualifies as a Commercial Loan
Commercial loans are for the purchase, refinance, or construction
of a commercial property, we can find the best loan to suit your
needs.
Commercial Property Types:
Retail Space |
Indurtrial Construction |
Employee Benefits |
Multi-Family Housing |
Land |
Agricultural |
Special purpose |
Inventory |
Commercial Loan Programs
Conventional Financing
Conventional financing offers many traditional choices which include
15, 25 and 30 year amortizations; including a multitude of fixed,
balloon and adjustable alternatives. With conventional financing,
borrowers are required to have a good credit history. The loan-to-values
on commercial properties are 75% and 80% on apartment properties.
Sub-Prime Loans
Sub-prime mortgages allow borrowers with low incomes or bad credit
ratings access to financing. They are known as "B", "C",
or "D" loans and usually have higher interest rates and
fees. Often the borrower is left with a large final "balloon"
payment, which must be paid to satisfy the debt. Additionally, these
type of loans are more apt to carry a prepayment penalty.
Hard Money Loans
Regardless of your past credit history, short term financing can
be arranged secured against real estate or other financial assets.
Any asset , real estate, tangible or intangible asset that has an
identifiable market in which to liquidate the asset is eligible
for a hard money lending program. Different lenders like different
types of assets ranging from securities, real estate, accounts receivables,
and many others.
Non-Recourse Financing
A non-recourse financing option does not require a personal guarantee
which makes it the perfect loan program for corporate investing,
partnerships, etc. Non-Recourse financing extends the financial
benefits without personal liability.
SBA Loans
The SBA enables its lending partners to provide financing to small
businesses when funding is otherwise unavailable on reasonable terms
by guaranteeing major portions of loans made to small businesses.
Up to 90% financing available, SBA loans can be closed in 30 days
in most states. Funds can be used to acquire, renovate, expand,
and refinance commercial real estate.
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