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We have loan programs for a wide range of commercial properties located within the United States including assisted living, light industrial, marinas, mixed use, mobile home parks, multi-unit residential, office space, places of worship, retail, and storage facility.

In general we do not do loans of less than one million dollars.

Typically our loans are up to 80% loan-to-value (LTV); however, if you have a cell site on your property, we can lend up to 100% LTV.

Give us a call to get the prequalification process started. Our loan specialists are here to assist you in the process. You may want to gather the following information beforehand:

• Personal financial statement
• Rent roll (if applicable)
• YTD and last two years Income & Expense Statement for your property
• Personal and/or business tax returns from the last three years

In simple terms, a “non-recourse” loan is one in which the lender can only go after the property used as collateral if the loan is defaulted on. This is different from a “recourse” loan in which the lender can go after the company or business entity for repayment of that loan, or a “full recourse” or “personal recourse” loan in which the lender can go after the owners of the business entity and guarantors.

Loans on commercial properties other than multi-family properties typically require full recourse, meaning the guarantors and owners of the business will have to ensure timely payment of the loan..

SBA loans typically offer a higher percentage of financing than traditional banks do, and their rates are typically much better. But there is a catch. The SBA loan process is arduous and lengthy, and loan fees can be higher than traditional lending venues. Even more importantly, the SBA loan will typically require you to “cross-collateralize” your personal residence or other properties that you own now or even in the future. If these properties have little or no mortgage on them, the cross-collateralization will make it very difficult to access equity you have in these other properties. SBA loans may be the perfect solution for small startups, but it is not the lending solution for experienced commercial property investors.

Environmental Insurance is, unfortunately, a requirement for most commercial loans. However, the premium should be minimal if your property is not known for environmental hazards. For example, the premium for an office complex would be much lower than that for a gas station.