COMMERCIAL REAL ESTATE LOANS

 

Conduit Loans - A very large permanent loan on a standard type of commercial property, which is underwritten to secondary market guidelines with huge prepayment penalty. Such loans enjoy very low interest rates. Conduit loans are later assigned to pools and securitized to become commercial mortgage-backed securities. 

Permanent Loans - A permanent loan is a first mortgage on a commercial property.To qualify as a permanent loan, the loan must have some amortization and a term of 5 to 30 years.These rates are slightly higher than Conduit Loans and less in size.

Commercial Construction Loans - A loan with 1-3 years used to build a commercial property. The loan proceeds are releases in portion by the lender in order to make sure they are only used in the construction of the new building. Many of them are also interest only payment loans till the construction is completed and the loan changed to permanent.

 

Bridge Loans - A bridge loan is a short-term, first  or second mortgage loan ( Mezzanine ) on commercial property. The term could be from 6 months to 3 years.  The interest rate on bridge loans is typically much higher than on permanent loans which can be from 6% to 12%.

Takeout Loans - A takeout loan is a permanent loan where the proceeds of the loan are used to pay off a construction loan. However, many construction loans these days are with " Construction to permanent loan", means converted to long term fixed rate ( permanent ) loans.

SBA Loans - Loans to users of commercial real estate which are underwritten by private companies, but sponsored by government, SBA, such as banks and specialty finance companies. SBA loan guarantees were created by Congress to encourage the formation and growth of small businesses.

        - SBA 7(a) Loans - The SBA 7(a) program is a 25-year, fully-amortized, first mortgage loan program            with a floating rate, tied to the Prime Rate.

        - SBA 504 Loans  - The SBA 504 loan program starts with a conventional, fixed-rate, first mortgage              and then adds a 20-year fully-amortized, SBA-   

          guaranteed, second mortgage behind it.  It is the most common way to get a fixed rate SBA loan.

        - SBA Construction Loans - Underwritten as conventional construction loans that convert                            automatically to 25-year SBA loans upon completion.

USDA B&I Loans - Similar to the SBA loan program, where a conventional lender makes the loan but the USDA guarantees most of it. USDA Business and Industry loans were created to help create jobs in rural areas. In some cases, this can go to 100% Loan.

Fix and Flip Loans - A renovation loans that are similar to construction loans. Typically the loan is used to acquire property with enough additional proceeds to renovate the property for a quick sale. Most of these loans are provided by private funds when conventional banks can not lend due to credit or income issue of the borrower. Rates are usually higher here.

 

CMBS / CONDUIT LOANS- $ 1,000,000 to $450,000,000

 

- CMBS loans are non-recourse (no personal guarantees).

- CMBS loans allow for unrestricted cash-out on refinances.

- CMBS conduit loans are assumable.

Most CMBS loans are fixed-rate and have a 5, 7 or 10-year loan term amortized on 20 or 30-year schedules and can have interest-only payments during the first few years of the loan term. CMBS loans close as fast as little as 30 days .

COMMERCIAL MORTGAGE BANK LOANS   - $200,000 to $50,000,000.

- Low interest rate loan with relatively low closing costs.

- Restricted cash out refinance.

- Loans are full recourse (personal guarantee required)

COMMERCIAL AND RESIDENTIAL BRIDGE / HARD MONEY LOANS 

- 6% to 12% interest rate for 12-36 months.

- Up to 70% LTV

- Closes in 7-15 days in most cases.

TERMS :

Most Commercial Bank loans have a 5, 7, 10 Yr ARM rate amortized on 10,15,20 and 30 yr Fixed. Ask for our 30 Yr Fixed, no balloon, rate reset or maturity term. 

Permanent Loans - Long term fixed rates

Construction Capital -  Large construction projects.

First Mortgage Bridge Loans - s For non qualified borrowers.

Mezzanine Capital Loans -  2nd position loans

Adaptive Re-Use Loans - 

Light Bridge Loan to Perm-

Joint Venture Equity-

Preferred Equity-

Condo Conversions Loans-

Early Development Capital-

REO Loans-

Land Loans-

Preferred Equity-

Joint Venture Equity-

Micro Capital-

WORKING CAPITAL LOANS

                                             

MERCHANT CASH ADVANCE LOANS

401(K) BUSINESS LOANS

UNSECURED BUSINESS LOANS

ASSET BASED LENDING

TRUCK OR FLEET FINANCING

EQUIPMENT LEASING ( Vendor Loans )  Up to 100%.

PURCHASE ORDER FINANCING 

ACCOUNTS RECEIVABLE FINANCING ( Invoice Factoring ) to 90%.

UNSECURED BUSINESS TERM LOANS

MOBILIZATION FUNDING

DEBT IN PROCESS FINANCING

PAYROLL FUNDING

GOVERNMENT CONTRACT FINANCING

USED AIRCRAFT LOANS

INVENTORY LOAN - UP TO 90%

HEALTHCARE FINANCE - LINE OF CREDIT, EQUIPMENT AND ON ASSET. 

FRANCHISE BUSINESS FINANCE 

WORKING CAPITAL CAPITAL

SUPPLY CHAIN / PURCHASE ORDER FINANCE. 

ASSENT BASED LENDING

PROJECT FINANCE 

STOCK ( PORTFOLIO ) LOANS

Micro Capital-

Discounted Note Purchase Loan-

DIP Financing-

Working Capital-

Non-recourse new construction commercial loans of $ 250,000 to $100,000,000. 

 

 

                          

  • Office Buildings

  • Mixed-use Properties

  • Industrial & Warehouses    

  • Mixed

  • Condos

  • Resorts

  • Marinas

  • Hospitals

  • Strip Malls

  • High Rises

  • Warehouses

  • Light Industrial

  • Golf Courses

  • Manufacturing

  • Medical Buildings

  • Apartment Building

  • Store Front Retail

  • Free-standing Retail

  • Mobile Home 

  • Medical Buildings

  • Plane Hangars

  • Land Development 

  • Churches

  • Retail Strip Centers   

  • Multi-family Properties

  • Single Family Investment Homes

  • Hospitality - Hotels and Motels     

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