Mid-Size commercial loans - Commercial Loan Direct

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Commercial Loans Mid Size Mortgages

Mid Balance Commercial Mortgages

Commercial Loans from $5 Million to $10 Million

Commercial Loan Direct provides two (2) highly customized commercial financing programs to help meet the individual and investment needs and requirements of its borrowers.

Mid Balance Wholesale Loan

Commercial Loan Direct offers a very competitive and flexible commercial wholesale loan program.

 

Mid Balance Loans - Requirements

Loan Size $1Million to $10Million
Occupancy Owner Occupied & Investment
Minimum Personal Credit Score (FICO) 650 - No Bankruptcy
Acceptable Markets Urban/Suburban Areas
Acceptable Collateral Industrial, General Offices, Creative and Professional Office Space, Anchored Retail, Factory Outlets, Mini Storage, Health Care, Special Purpose, and Hospitality
Preferred

-Multi-Use Properties

Loan To Value 65-75%
Minimum DSC 1.3-1.45x (property type)
Amortization Up to 30 yrs
Management Experience -Prior Ownership & Management Preferred
Prepayment Penalty NO PREPAYMENT PENALTY
Assumable Yes 1% fee
Taxes & Impounds Not required
Origination Fee 2.5% (loans < $3Million)
2.0% (loans > $3Million)
Replacement, TI, Leasing Reserves Case by Case
Minimum Occupany Not required
Rate Lock At time of final underwriting
Estimated Closing 90 days
Availability Nationwide

Learn more about our Mid Wholesale Commercial loan program

Apply for a Mid Balance Wholesale Commercial Loan

Conduit Mid Balance Commercial Loans - CMBS

The Commercial Mortgage Backed Securities market is one of the fastest growing segments of the commercial mortgage industry.

  • Loan Amount: $5 Million - $10Million
  • Pricing: Fixed interest rates priced at competitive spreads over comparable maturity U.S. Treasury
  • Term: 5 - 20 years
  • Amortization: 30 Years Maximum
  • Prepayment: Multiple options
  • Loan to Value Ratios: 80%
  • Assumable
  • Recourse: Non-recourse
  • Property Types: office, retail, industrial, multifamily, manufactured housing and hotel
  • Availability: Nationwide

Learn more about our Mid Conduit Commercial loan program

Apply for a Mid Balance Conduit Commercial Loan