What is your maximum loan amount?

Our lending relationships allow us to lend up to $50,000,000.

What is your minimum loan amount?

Those same lending relationships allow us to lend on loan amounts down to $100,000.

What type of documentation will I need to provide in order to get my loan done?

We typically require the following documents: 
-Current two years tax returns on your business
-Operating Income & Expense Statement (year to date and past 2 years)
-Rent Roll for Multi-Family Properties, or Lease on Strict Commercial Properties
-Last two months business bank statements
-Purchase and Sales contract (if applicable)
Note: More or less documentation may be required due to the specific nature of the property and/or loan's terms.

I work in the building I want to buy/refinance, can you help me?

Absolutely!  We will work hand-in-hand with you to buy or refinance the commercial building you work in.  We can close owner/user and tentant occupied properties alike. 

Can you close the loan in my company's name?

We can close loans for individuals and business (Sole Prop, LLC, Corp or Partnership) as well as we can close loans in Trusts.  Entity paperwork will be required for underwriting purposes.

What credit score do I need? 

Higher the credit score the better, but we work with lenders that accept scores down to 500 Fico.

How long will the commercial loan process take?

Typically, the commercial loan process take about 45-60 days.  This is due in part to the in-depth analysis the appraiser gives to your property to ensure the proper value is documented in their evaluation.  We do work with lenders that can close deals in mere weeks, however the rates tend to be higher. 

How much in closing costs will I have to pay?

Typically 2-4%.  That should include the appraisal, broker, closing and title fees involved.

I have more questions, how can I get them answered by a Commercial Specialist?

Click here and drop us a line!