Our Commercial Loan program is designed for long-term sustainability.Secured business loans on commercial real estate such as multifamily, mixed-use, office, and retail properties. These properties can be owner-user, or rented out to tenants. If rented to tenants please keep in mind that we require a minimum 70% occupancy rate; in other words 70% of the units (or more) must be occupied by tenants. Commercial Loans are offered with a 30-year term, fixed-rates are available, which allows for predictable payments.
Like all of our loan programs, applying for our Commercial Loans does not have any minimum time in business requirement, no minimum monthly revenues, and absolutely zero income documentation; making it a great alternative to SBA or bank financing.
Rates:5.74% - 11.24%
Payment:Principal & Interest
Credit Score: 650 or greater
Bankruptcy:Discharged or Dismissed
Foreclosure:OK, can't be active
Tax Returns:Never requested
DSCR (> $750K):1.0
DSCR (< $750K):No minimum
Property Type:Multifamily (5+), Mixed-Use, Office, Retail
CLOSING DOCUMENTATION NEEDED
Entity Docs (if applicable)
Commercial Real Estate Lending Territory