Commercial and Industrial
Commercial Loans
If you are considering investing in commercial, agricultural, or industrial properties, you may want to explore commercial property loans. Unlike traditional real estate loans, commercial property loans cater specifically to this niche market. While many lending institutions may not provide funding for these types of properties, community banks or private investors are typically more open to approving these loans. Though it’s important to note that commercial property loans often have higher interest rates, require more significant down payments, and shorter terms, they can still be incredibly beneficial as they offer faster closing times and require less documentation. So, while this may not be the right solution for everyone, commercial property loans can offer invaluable financial assistance to those willing to explore this option.
It’s also important to consider that commercial loans are region specific.
About Lending Program
- All States except for AK, HI, ND, & SD
- Loan Amounts from $100k to $20M
- Up to 20-year terms available
- Up to 65% LTV
- Interest-Only programs available
- Rates between 9% and 14%
Commercial Loan Requirements
The requirements to obtain a commercial loan based the particular program but generally you'll need:
- US Credit Score 600+ (recommended credit score of 650+)
- Must provide valid state issued identification
- Program specific completed and signed application as well additional business financials or tax documents
- REO Schedule
- Personal Resume / Bio
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Do you have examples of qualifying properties?
There is a wide array of properties that would qualify, such as apartment complexes, office buildings, warehouses, self-storage units, and automotive-related facilities, just to name a few. Every property is handled on a case-by-case basis. Cannabis projects are manually reviewed and require more documentation upfront for consideration.
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What type of properties would be excluded?
Properties that would normally be rejected for consideration include: raw/undeveloped land, minerals in the ground, certain gas stations, adult-orientated facilities, plating shops, and certain liquor shops.
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What sort of Loan-to-Value (LTV) should I expect?
Typically, offers will fall between 35% and 65% loan-to-value on the property.
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