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Commercial Mortgages Made Easy
Commercial Mortgage Loans from $100,000 to $500 million
Commercial Mortgage LTV's & CLTV's up to 90%
No Doc Commercial Mortgage Loans
Full Document and Stated Income/Assets Mortgage
Commercial Mortgage Loans can fund in as fast as 30 days.
Commercial Mortgage Loans available in all 50 States
Elgible Commercial Properties:
Mixed Use, Retail, Office, Warehouse, Factories
Wendy's, McDonald's, Burger King, Restaurants, Bars, Nightclubs
Apartment Buildings, Rooming House, Unbranded Hotels
Used Car Lots, Automotive Repair Shops, Funeral Home
Laudromat/Dry Cleaners, Self Storage, Boat Storage
Don't see your type of property listed?
Call us about your property and we'll get to
work finding you the right commercial mortgage loan.
Call 1-866-771-1594 to speak to a mortgage consultant
Or Apply Online Today.
We also have a program for small business mortgage loans
Borrow up to $500,000
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Self Employed
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Small Business Owners
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Real Estate Investors
Refinance or Equity line or loan on your investment or commercial property.
Stated Income*, Stated Asset
Easy one page application
Rent roll required for investment property
Call us at 1-866-771-1594 or 1-866-771-1594 to apply.
Click here to submit contact info.
Owner Occupied or investor properties
All legal entities: individuals, sole proprieters, LLCs and Corporations
Property values up to $2 million
- Best Rate/Fee Combination
No up-front fees
One small fee-Only 1%-charged at closing, includes all closing costs*, including appraisal
Some property types may require an enviromental insurance policy
Why Commercial Equity Lines/Commercial Loans Make Sense
- Reinvest in your business, make improvements in your investment property, purchase additional properties
- Establish a line of credit for future use
- Greater flexibility in managing cash flow
Why Commercial Refinancing Makes Sense
- Refi and pull cash out
- Excellent solution for upcoming balloon payment
- Refi hard money, private party and even traditional loans at a lower rate
How our fees compare to the competition on a $200,000 Line or Loan
Typical Services Avg. Competitor's Fee Our Fee
Appraisal $3,000-$6,000 $0
Title Insurance $1,255 $0
Underwriting Fee & Flood Cert $800 $0
Origination or Closing Fee (points) $4,000-$6,000 $2,000
Doc Prep Fee $175 $0
Other Fees (Legal, Recording) $329 $0
Enviromental Inspection Fees (If required) $4,000 $0
Enviromental Insurance (If required) $400-$1,100
State tax or filing fee (If applicable) as applied by state as applied by state
TOTAL (not including state fees if applicable) up to $18,714 up to $3,100
Variety of Eligible Property Types:
Retail, Office, Warehouse Assisted living & Daycare
Shopping Center/Strip Mall Light Industrial
Office Condo Health Club/Gym
Medical Facilities Mini Mart
Mixed Use Auto Repair/Sales
Residential 1-4* Storage Facility
Multi-family 5+ Restaurants
Fast Food And more.....
In some cases financial information is required to approve a loan
*If the state or taxing authority imposes a tax or fee for the filing of a mortgage or deed of trust, the tax or fee will be the responsibilty of the borrower.
*On purchase transactions a $500 loan origination fee deposit is due upon acceptance of the loan offer and is applied to the borrowers 1% loan origination fee. Enviromentally sensitive properties would also require enviromental insurance a one time fee of $400-$1,100.
Commercial Lines of Credit (CELOC) Can Keep Your Business Afloat!
Commercial property owners know all to well the stress of managing multiple payments on multiple commercial properties. It's called cash flow and every successful business needs a good source of it. If you own commercial real estate you may not have to look any further than the commercial property that you already own for a good source of cash flow.
The commercial line of credit is just like a home equity line of credit on your home as the CELOC is attached to the property that it is secured by. You are approved for up to $500k and you may access the funds as needed. You can use the line of credit as a rainy day fund, make improvements to the property or even use it to purchase another property. That's up to you.
The commercial lines of credit that we offer go up to $500,000 and offer stated income/stated asset documentation although a rent roll is required for investment properties. On investment properties the banks really want to know that the property is producing income. Commercial lines of credit mortgages are ideal for the small business owners, self employed and real estate investors.
There are no up front fees including no appraisal fee so run, don't walk to get your line of credit in process. As any commercial real estate investor will tell you, appraisals are not cheap on most commercial mortgages. They are quite expensive and you always have to pay them upfront so this is a great offer. On the line of credit the closing costs are minimal and they are collected at closing so they will be paid out of your loan proceeds. Did you hear me right? No upfront fees. It's unheard of in the world of commercial real estate financing.
Tap into the equity that you have right in front of you. Put your commercial property to work for your business.
Commercial Real Estate Is Hot!
I'm sure you already know that the residential real estate market has all but dried up. Oh sure, there are residential investors out there waiting like vultures to profit off of some poor homeowner's foreclosure misfortune but the one area of real estate investing that is hot right now is commercial real estate.
Everyday I am getting phone calls from people wanting to get a commercial mortgage and get into this hot new market. Investing in commercial real estate is quite a bit different from residential real estate investing. With commercial real estate mortgages the commercial lenders are mainly interested in the commercial property. It is less about the individual person or company that is buying or refinancing the commercial property and more about the income and condition of the commercial property that you are trying to get a commercial mortgage on.
First of all commercial mortgage lenders want to know how much the commercial property is receiving monthly for each unit that is rented. You fill this information out on a rent roll form. On the rent roll form you list the monthly rent received and if you currently have a lease on each unit and when that lease expires. If you have units that aren't rented out at the time they will want to know how much you can rent each unit out for.
The borrowers credit score is also important in commercial mortgages but not as important as it is in residential real estate. In commercial mortgages most of the mortgages are stated income/stated asset. If you are purchasing or refinancing commercial property with a stated income mortgage product your interest rate will of course be higher than if you can show your income. But most of the people that own commercial properties are self employed and they often do not show a lot of income on their tax returns because self employed people tend to write off as much income as they can. If you have a low credit score you may need credit repair before you are able to obtain a commercial mortgage on a commercial property. A higher credit score means that a lender will go higher on the loan to value of a property.
Also when purchasing commercial property you must get approved for a mortgage on each individual property that you are looking at purchasing. It's not like you can get a blanket commercial mortgage preapproval which is good on any property like it is in residential real estate. You are approved by each properties income and condition.
The great news is that once you are approved for your commercial mortgage you can close on your new commercial property quickly, usually within 30 days.
Commercial Mortgages Are Different
By Sandra Sheely
You may be wondering how you can make some money in real estate with the state of the residential market. You may also have heard that people that were into buying residential real estate are now diving head first into the commercial real estate market but it's a whole different ballgame.
First of all let's start with what makes a property a commercial property. Of course we all know that office buildings, retail space and warehouse space are commercial but a multi-family unit is also considered commercial if it is 5 or more units.
With a residential mortgage you go out and get pre-approved and start shopping and when you find a new property you're approved as long as it appraises for what you are offering the seller and you have the income that you stated. With commercial mortgages the lenders look at the commercial property more than they look at you. They want to know that the commercial property that you want to buy is producing income. They don't look as much at your income as they look at the income of the commercial property that the mortgage will be on.
That being said you won't know if you're approved for a new commercial mortgage until you give the commercial mortgage broker the income information on the commercial property that you are thinking of buying. They will need a completed commercial loan application along with the rent roll which will show them how much the current owner is receiving in rent on each commercial unit. To qualify for a commercial mortgage the lender will also want to see the leases and operating expenses which include real estate taxes, insurance, common utilities and repairs. They will also want to know if you will be occupying any part of the commercial space and if so how much and what type of other businesses now occupy the commercial space.
Of course, in qualifying for your commercial mortgage refinance your credit score is going to be important too. Obviously the higher your credit score is the better for you. If you have credit issues I offer credit repair on my websites. Credit repair is money well spent because you can usually get the money that you spend on it back the first month or two of a new commercial mortgage. Just click on the links below for more information on credit repair.
Also, the interest rate that you will receive on the new commercial mortgage will be decided by a few things. Namely your credit score, how much money you are putting down and the type of commercial property that it is. Commercial mortgages usually have a higher interest rate for bars/restaurants and a lot of commercial mortgage lenders will not lend on gas stations. We do have commercial lenders that will lend on gas stations but the interest rates are going to be higher.
There's a lot to learn before you take the big plunge into a commercial real estate mortgage and you should do your homework first.
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