Small Commercial Loans, Small Commercial Mortgage

This small commercial loan program is for loan amounts between $200,000 -$8,000,000, nationwide.  It is for small commercial mortgages only (ie not an unsecured commercial loan).  Primary benefits include aggressive/flexible underwriting standards and low long term fixed rates.

Small Commercial Loan

• Fixed rates from 1, 3, 5, and even 10 years. 
• No balloons or calls, rate re-fixes itself automatically after rate adjusts.  For example if you went with a 5 year fixed, at the end of the 5 year period the rate would re fix itself for another 5 years.  This is a serious advantage over the typical bank loan that has a balloon. 
• Low competitive rates that often beat borrowers local bank offers.
• Amortization schedules from 15, 20 and 25 years.
• Credit scores as low as 650.
• Max loan to value is 65%.
• For owner users (ie meaning your business occupies the building or a part of it) or investment properties.
• Purchase or refinance, both capped at 65% loan to value.
• Nationwide.

This is one of the best small commercial loan programs in the business.  Many banks simply do not want to bother with a commercial mortgage if its below $1,000,000 due to the work involved.  We however, welcome your small commercial loan and if you 1. find the above interesting and 2 believe your transaction is below 65% loan to value, we want to work with you.  Please take a moment to fill out our Pre Approval Form now for loan options and meaningful answers.

Small Commercial Mortgage - Overview of Closing Costs  

We are including this overview of closing costs so you can be more aware and prepared for what they will be.  All in all, the third party fees on this loan are average when compared to other bank financing and or SBA type loans.  We are including this here as many of our clients that want small commercial mortgages either haven't gotten a commercial loan before, or it has been a while since there last loan.  Please keep in mind that even though your loan maybe relatively small, the third party fees are normally about the same as if it was a larger loan.  Here's the overview:

• Appraisal: $2,000 - $3,000.
• Environmental report, can be as low as $500 for a simple report or as much as $2,000 if a Phase one is required.  The property type largely determines this, for example an industrial building will require a full Phase One while medical office will likely not. 
• Title, depending on the state and loan amount can be from $500 - to $3,000 or more.
• 1% bank fee.
• Misc fees, such as Documentation, UCC search and Filing fees, credit reports, up to $1,000.

We are including this not to "scare you away", but rather to make sure you are fully aware of the realities of closing small commercial loans.  We do not want to waste your time.  

We want to work with you!  Please take a moment now to fill out our Pre Approval form for immediate and thoughtful answers.