Menu
Commercial Purchase / Refinance Loan
For a Rate and Fees quote call
800-390-7536
Commercial Purchase / Refinance Loan
This program is designed to provide a business loan to purchase or refinance a commercial property (Office Buildings, Retail Stores, Shopping Centers, Warehouse/Flex Space, 5+ Multi-Family units and most other income generating properties).
General Terms*
- Loan Size: $100,000 to $5,000,000
- Rates: Prime Rate plus 2.50% to 4.50%+
- Loan Fees: .75% to 1.50%+
- Application Fee: $650
- Fast Track Closing Fee (if certain criteria is met): $1,250
- Underwriting Fee: $450
- Term up to 5 years available
- Loan to Value: Typically 55% to 70%, however, up to 75% possible on high quality properties and/or high quality Borrowers. Cross collateralization allowed on other properties, if needed, for maximum or greater loan amounts
- No pre-payment penalty
- Minimum cash down from Borrower: 25% down on the purchase price plus closing costs
- Owner and non-owner occupied commercial properties are eligible
*All rates and terms subject to change without notice
We offer Non-Conformimg (Non-Bankable) Loans on Commercial Properties for:
- Bridge Loans
- Short Sales / Bank Workouts
- Bankruptcies / Foreclosures
- Limited Documentation Available
- Weak personal financials
Property Types
- Multi-Family (5 – 150 Units)
- Retail Building
- Light Industrial
- Office Building
- Medical Building
- Mobile Home Parks
- Other types considered
