Commercial Real Estate Financing

Designed for businesses purchasing property they will occupy. Offers the most favorable terms and lowest rates.

Key Features:

• Loan Amounts: $100,000 - $5,000,000+ (higher with participation)
• Terms: 5, 7, 10, 15, 20, or 25 years
• APR Range: 5.99% - 8.49% based on credit and LTV
• Loan-to-Value: Up to 80% of appraised value
• Amortization: Up to 25 years

Requirements:

• Minimum credit score: 680
• Business in operation: 2+ years
• Debt service coverage ratio: 1.20x minimum
• Business occupying at least 51% of property
• Appraisal and environmental assessment required

For investors purchasing income-producing commercial real estate. Underwritten based on property income and cash flow.

Key Features:

• Loan Amounts: $150,000 - $5,000,000+
• Terms: 5, 7, 10, 15, or 20 years
• APR Range: 6.49% - 9.25% based on property type and DSCR
• Loan-to-Value: Up to 75% of appraised value
• Amortization: Up to 20 years

Requirements:

• Minimum credit score: 680
• Debt service coverage ratio: 1.25x minimum
• Property must be income-producing
• Lease agreements and rent roll required
• Appraisal and environmental assessment required

Finance new construction or major renovations with interest-only payments during the build phase.

Key Features:

• Loan Amounts: $250,000 - $5,000,000+
• Construction Term: 12-18 months (interest-only)
• APR Range: 6.75% - 9.99% variable during construction
• Loan-to-Cost: Up to 75% of total project cost
• Permanent Financing: Take-out loan available upon completion

Requirements:

• Detailed construction plans and specifications
• Builder contracts and fixed-price bids
• Interest reserves may be required
• Progress inspections and draw requests

Short-term financing for time-sensitive acquisitions, property repositioning, or interim needs while securing permanent financing.

Key Features:

• Loan Amounts: $200,000 - $3,000,000
• Term: 6-36 months
• APR Range: 7.25% - 10.99%
• Loan-to-Value: Up to 70%
• Payments: Interest-only
• Exit Strategy: Must have clear path to permanent financing or sale

Best For:

• Auction or time-sensitive purchases
• Property renovation before refinancing
• Waiting for permanent loan approval
• Portfolio acquisitions

Commercial real estate loans typically have shorter terms (5-20 years), higher rates, and are based on the property's income potential rather than your personal income. They also require larger down payments (20-35%) and have more complex underwriting including property appraisals and environmental assessments.

DSCR measures a property's ability to cover its debt payments. It's calculated by dividing net operating income by total debt service. Most lenders require a minimum DSCR of 1.20-1.25x, meaning the property generates 20-25% more income than needed for loan payments. Higher DSCR generally means better loan terms.

Down payment requirements vary by property type and loan program. Owner-occupied properties typically require 20-25% down. Investment properties usually need 25-35% down. Construction loans may require 25-30% of total project costs. Lower down payments may be available for strong borrowers or special programs.

Typical closing timelines are 30-45 days from application. Bridge loans can close faster (14-21 days). Construction loans may take 45-60 days due to additional documentation. Timelines depend on property type, complexity, and how quickly you provide required documentation.

Typically you'll need: business and personal tax returns (3 years), financial statements, property information (address, use, square footage), rent roll and leases (for investment properties), purchase contract (if applicable), business plan, and personal financial statements for guarantors.