small commercial loans - small commercial real estate mortgages

Commercial Loan Direct offers financing for small balance commercial mortgages

Small Balance Apartment Loans

Originating for its own portfolio, including one of the nation's leading small balance apartment loan programs, Fannie Mae, Freddie Mac, REITs, and select institutional investors, Commercial Loan Direct provides highly customized apartment financing solutions to help meet the individual and investment needs and requirements of its borrowers.

Small Multifamily Mortgage Fannie Mae Loan Program

  • $1 Million - $3 Million
  • Terms: 5, 7, and 10 years
  • Amortization: 25 and 30 years.
  • Prepayment: Multiple options
  • Loan to Value Ratios: 75% for most loans
  • Debt Coverage Ratios: Minimum 1.25:1

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Multifamily Small Mortgage Wholesale Loans

  • $1 Million - $5 Million
  • Terms - fixed rate: 2, 3, 4, 5, 6, 7 and 8 years
  • Amortization: 20, 25, and 30 years
  • Prepayment: Multiple options
  • Loan to Value Ratios: 75%
  • Debt Coverage Ratio: 1.25:1

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Rates

Multifamily Small Mortgage Conduit

  • >$1 Million
  • Term: 5 - 20 years
  • Amortization: 30 Years Maximum
  • Recourse: Non-recourse with standard carve-outs
  • Loan to Value Ratios: 80%
  • Fixed Interest Rates

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Rates

Small Commercial Loans

Small Wholesale Loan

  • $1 Million - $5 Million
  • Terms - fixed rate: 2, 3, 4, 5, 6, 7 and 8 Year Loan Terms Available for Fixed Rate Products.
  • Terms - adjustable rate: Maximum 5 Years
  • Amortization: 20, 25, and 30 years
  • Prepayment: Multiple options
  • Assumable
  • Recourse: Yes
  • Multi-use up to 75% LTV (warehouse, manufacturing, office, retail, medical office)
  • 90% LTV with companion SBA-504 loan
  • Fixed rates and variable rates

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Rates

Conduit Small Commercial Loans - CMBS (non-recourse)

  • $1 Million - $5 Million
  • 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

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Rates