Commercial Property Loans
Commercial loans are available through different programs. See the details below and contact us for help in getting the right commercial load for your business property.
Contact:
Cliff Colquitt
Sr. Loan Officer
Specialty Lending Division
Conventional Commercial
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- Maximum CLTV of 80-90%
- Fixed or adjustable rates ranging from prime to prime plus 4%
- Amortization period of 20-30 years
- Investment properties are acceptable
- Less than 50% owner occupied is acceptable
- Cannot use projected income, must use historical income
Small Business Administration Loans (SBA)
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- Maximum CLTV of 80-90%
- At least 50% of building must be owner occupied
- Projected Income from start-up or new business acceptable
- Typical interest ranges from 1.5%-2.75% added to Prime
- Amortization period of 20-30 years with no balloon
Housing and Urban Development Loans (HUD)
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Details]
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- We have strong relationships with several local banks and lenders who have experience with HUD and SBA loans.
- Up to 90% LTV, Fixed Rate, 35 or 40 year note/no Balloon
- At least 6 months to close
- Four types: Apartment Bldgs, Nursing Homes, Assisted Living Facilities & Mobile Home Parks
- Minimum Loan amount of $1,000,000
Properties greater than 4 Units and Mixed Use Properties
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- Standard of 80% LTV
- As high as 90% LTV with a 680 mid credit score
Established Business — Cash Out Refinance
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- Up to 75% Cash-out refinancing available on
established businesses
