Conventional Owner Occupied Commercial Business Loans Nationwide
Designed for the business owner that will occupy at least 25% of the property and can show at least 2 years of stabilized financials able to support the requested loan. Debt service is calculated on a global basis using the subject business and borrowers financials. Lease income generated by investment tenants is also applied towards debt service in underwriting.
Commercial Business Loan Program Guidelines:
Up to 90% LTV for multi use commercial properties, 65% for special use commercial properties.
Commercial Loan amounts up to $8mm.
30 year fixed rates available on most commercial loans.
Debt Service Coverage Ratio (DSCR) as low as 1.20 to 1.
Multiple prepayment options to choose from.
Commercial Business Loan Program Benefits:
Low down payment.
Loans without call provisions.
Reasonable debt service coverage requirements.
Fast approvals.
Quick closings.
Commercial Real Estate Loans
Suited for multi tenant properties such as apartment buildings, shopping centers, office buildings, and many other property types where the borrower will occupy 25% less of the property. Loans are underwritten using the properties cash flow and the borrower's personal income is only used to determine ability to service personal debts.
Real Estate Loans Program Guidlines:
80% LTV on most property types.
CLTV up to 85%.
Loan amounts from $250,000 to $15mm.
Fixed rate options up to 10 years.
30 year amortizations on most property types.
Debt Service Coverage Ratio down to 1.15.
Multiple prepayment options available.
Real Estate Loans Program Benefits:
Low down payment.
Secondary financing allowed; we do not provide.
Long fixed rates with low payments.
Easy to qualify DSCR (Debt Service Coverage Ratio).
Flexible prepayment choices available.
SBA Loans
This SBA loans is best used by a borrower looking to purchase or construct commercial real estate that will be at least 51% owner occupied. The remaining portion may be leased out to tenants and generate income for the property owner. This SBA loan program utilizes a first mortgage and a second mortgage that is guaranteed by the Small Business Administration (SBA). Both loans are processed simultaneously to decrease the time needed to fund the transaction.
SBA Loan Program Guidlines:
90% LTV for multi use, and 85% for special use.
Loan amounts as little as $250,000 and as high as $7mm.
Fixed rate commercial loans up to 25 years for conventional loans, and 20 years for SBA loans.
Debt Service Coverage Ratio (DSCR) as low as 1.00 to 1.00.
