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Commercial Loans Small Mortgages
Commercial Loan Direct provides two (2) highly customized commercial financing programs to help meet the individual and investment needs and requirements of its borrowers.
Commercial Loan Direct offers a very competitive and flexible commercial wholesale loan program.
| |
Owner Occupied |
Investment |
| Loan Amount |
$750k-6Million |
$750k-4Million |
| Occupancy |
>51% Owner Occupied |
>85% Occupied |
| LTV |
Up to 90% LTV w SBA
65% LTV Conventional |
65% LTV |
| Minimum Personal Credit Score (FICO) |
650 - No Bankruptcy |
650 - No Bankruptcy |
| Acceptable Markets |
Urban/Suburban Areas |
Urban/Suburban Areas |
| Non-Acceptable Collateral |
-Gas Station
-Auto Dealerships
-Night Clubs
-Athletic/Fitness Centers
-Special Use Start-ups
-Hotel/Motel (temporarely discontinued)
|
-Gas Station/C-Store
-Car Wash
-Auto Dealerships
-Night Clubs
-Athletic/Fitness Centers
-Hotel/Motel (temporarely discontinued) |
| Preferred |
-Multi-Use
-<75,000 SF |
-Warehouse
-Office
-Manufacturing
-Medical Offices |
| Minimum Equity Injection |
10%-25% |
20% |
| Minimum DSC |
1.2x |
1.4x |
| Management Experience |
-Prior Ownership & Management Preferred |
Previous Ownership Required |
| Prepayment Penalty |
TBD |
TBD |
| Other sources of DSC |
If Start-Up, 1.20x from outside source |
0.25x from outside source |
| Collateral (1st Position) |
Real Property |
Real Property in all states except AL, CA, FL, GA, IN, LA, OH, MI, MS |
| Assumability |
Yes |
Yes |
|
Learn more about our Small Wholesale Commercial loan program
Apply for a Small Wholesale Commercial Loan
The Commercial Mortgage Backed Securities market is one of the fastest growing segments of the commercial mortgage industry.
- Loan Amount: $1 Million - $5Million
- 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 Small Conduit Commercial loan program
Apply for a Small Conduit Commercial Loan
