Commercial Lending in all 50 States
We help business owners nationwide acquire commercial real estate properties with quality commercial loans.
Benefits of a Commercial Mortgage Broker
Better Loan Terms
As your commercial brokers, we are able to shop your loan with multiple lenders and programs to find a loan program that suits your financial goals and needs. Banks and traditional lending institutions may have rigorous standards compared to hard money lenders. As your broker we are committed to finding you the best commercial lending deal for your company in today’s market.
Adaptable Loan Options
We realize that every commercial deal is not the same. The person buying a pet store doesn’t have the same needs as someone investing in an apartment complex. This is why it’s important to have a mortgage broker that is willing to find the solution for your loan and property. We also realize that commercial loan terms are much more detailed than your traditional residential loan, and for that we are here to walk any new investors through the process of understanding the negotiation. This provides our new and seasoned investors alike with the confidence they need to secure their commercial property loan.
Professional Support
We have a comprehensive knowledge of commercial lending terms and the mortgage process in general. Our expertise gives us the ability to understand all the financial options available to investors and entrepreneurs looking for commercial property. Our intimate knowledge in this arena also gives us the unique ability to help simplify this process and find solutions for any hiccups we may run into along the road to the closing table.
Nationwide Commercial Real Estate Lending
Serving all 50 States, Based in the Detroit Metro Area
West Bloomfield
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Auburn Hills
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And Beyond….
FAQ’s of Commercial Lending
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Depending on the type of commercial loan you are applying for, the paperwork requests can be lightyears different. Banks and major institutions can make the process more lengthy and arduous whereas your hard money lenders can oftentimes completed and fund your loan in just a few days.
In general, banks and lenders will require you to provide this common information:
⊛ Business tax returns
⊛ Your books, records and financial reports
⊛ Last three months or more of bank statements
⊛ Details regarding collateral
⊛ Third-party appraisal of the property
⊛ Business plan
On the other hand, a hard-money lender will concentrate on the current and projected value of the property, with fewer requirements for other financial disclosures.
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As your broker, our goal is to find you the best loan and not lump you into a single product. If you walk into a an institution they will most likely have a stringent set of rules to get to the closing table. However, every institution has a different path to approval. As your trusted mortgage professional it’s our job to know those requirements and find loan terms that are best suited to your needs and financial goals.
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Not all loans are created equal, but there are five common types of loans you will see in the commercial lending arena.
SBA Loans - The United States Small Business Administration (SBA) offers two loan programs for commercial real estate financing. Their option is similar to the common FHA loan you see for residential housing. You still apply through a commercial lender to get your funds and the government provides the loan guarantee. Under this umbrella, there are two major programs the SBA 7(a) which is considered a flexible loan for real estate based on your business income, history and location. The second common one is the SBA 504 option, which provides fixed financing based on fixed assets such as existing buildings or land. Unlike 7(a) these loans can be made available via nonprofit companies such as Certified Development Companies (CDCs). The CDCs will fund up to 40% of the total loan value where your private commercial lender will pick up the remaining 50% of the loan requested.
Permanent Loans - This is your standard real estate lending you see for commercial loans. They typically have longer amortization schedule that other loans, but this can be uniquely planned to fit your business goals.
Hard Money Loans - These types of loans are provided by private companies or individuals. In general, you can count on these types of loans to require very limited if any paperwork and focus more on the value of the property, assuming that if you default on the loan they’ll make their money back simply by reselling the property.
Bridge Loans - These are mostly used when someone is seeking a short term loan and can have higher interest rates. A bridge loan is usually based on some kind of collateral such as, the real estate you’re purchasing or renovating.
Blanket Loan - If your goal is to purchase multiple properties, you may be able to secure them all under one loan. This is a great option for the entrepreneur looking to have one lender, one payment and one set of loan terms. While that sounds great for some reasons, it can, at times, complicate the selling process due to all the properties being tied together.
If you are ready to dive deeper and find the commercial loan that is right for you, contact us today!
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Nearly anything can be covered by a commercial lending option. If you are interested in buying, renovating or building in commercially zoned area it’s best to talk with one of our loan officers to understand what your business needs to do in order to secure the property.
Some of the property types we offer loans on are:
Office Buildings
Manufacturing Plants
Apartment Complexes
Hotels
Restaurants
Industrial Buildings
Retail and Shopping Centers