How much Commercial loan can you be qualified for ?

July 27, 2016

Here are some ways to know how much commercial loan you can be qualified for based on your business income tax numbers :

 

Example :

 

 If you NOI ( net operating income ) for the year is , for example, $ 1,000,000. Lets assume the rate is prime plus 2, which is now around 5.5%. Here is one way to know :

 

Step 1.   $ 1,000,000 / 1.30 =  $ 769,230 

Step 2.   $ 769,230 / .055 =  $ 13,986,014

 

That means you can a loan up to $ 13,986,014 or 80% of the value of your property whichever is smaller. 

 

Call for pre qualification. 

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