A
business commercial real estate loan, also known as a commercial real estate (CRE) loan, is a mortgage that a bank arranges with a business to purchase or improve commercial property. Commercial real estate includes income-producing properties used for business purposes, such as offices, retail spaces, hotels, and apartments. CRE loans can be used for a variety of purposes, including: Purchasing property, Constructing property, Rehabilitating property, Refinancing property, and Buying and developing land for homes.
Commercial Real Estate Loans From $25K to $150M
Borrower Criteria
| Required | Preferred | |
|---|---|---|
| Properties Owned | None | 2 |
| FICO | 600 | 660 |
| Property DSCR | 0.5x | 1.1x |
| Entity Structure | N/A | LLC / Corporate |
| Permits | No | Yes |
Terms
| Amounts | $25k - $150M |
| Term Length | Up to 30 years |
| Payment Frequency | Monthly |
| Loan To Value | Up to 80% |
| Closing Time Frame | Less than three weeks |
| Credit Pull | Soft |
Documentation
| Basic credit application |
| Copy of credit report |
| Entity Documents |
| Business Tax Returns (for full doc loans) |
| Rent Roll* |
| Construction Resume* |
| Construction Budget* |
| Investment Resume* |
| Rehab Budget* |
Benefits
| Credit scores as low as 600 for professional investors |
| 500 minimum FICO |
| DSCR as low as 0.5x available |
| Close within 14 days |
| No appraisal required options available |
| All Commercial Property types; SFR (1-4), Multi-Family, Industrial, Self-Storage, Office, Retail, Mixed-Use, Hotels, Raw Land, and more |
*** All files are subject to full underwriting & qualifications specified by each bank. There can be no assurance that any applicant will be approved and that credit will be offered.***
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