Learn How To Apply For Your Commercial Loan That Increases Your Odds of Approval by 89% and Get the Best Terms Available
Has your local banker turned down your loan request because...
- He has limited funds to loan?
- He "cherry picks" the loan requests he receives?
- You need to state your income?
- You need a hard money loan?
- Your credit is less than prime?
- You have a special use property?
- You have a development project he deems as "too risky?"
Forget your local banker - I've got a solution to getting the commercial loan you need
There is a little-known LOAN APPROVAL FORMULA for getting your commercial loan approved quickly:
Presentation Matters - All loan requests start with submitting a loan package to the lender. This is your opportunity to put your "best foot forward" and present your project as favorably as possible to the lender. If you mess up this first step, your loan goes in the "reject pile."
Underwriting Criteria Matters - Banks and other lending sources have "cheat sheets" they use to underwrite or qualify loan requests. The underwriting criteria is different for each property type. So, even though you may have a complete and professional loan request presentation, if you don't know the ratios the underwriter uses to approve your loan, you'll still end up in the "reject pile."
The Right Funding Source Matters - Not all funding sources are alike. Applying to your local bank is often very limiting for you. The recent shake up in the credit markets has made it more difficult to get financing from many lenders.
However, there are a number of banks and other direct funding sources still ready, willing and able to make commercial property loans. Knowing which lenders to submit your loan request to is critical to getting your loan approved. The right lenders for your project may be in another part of the country - but how would you know where to find them?
There are banks and other funding sources who specialize in certain property or development types; who specialize in stated income loans; who specialize in sub-prime credit borrowers; and who specialize in "higher risk" loans and there are banks who have much more money available to loan than your local bank. If you don't apply to the right funding sources, your odds of getting your loan approved are very low.
How To Eliminate the Hit and Miss Method To Get Your Loan Request Approved...and Quickly
Let my team eliminate the frustrating "hit and miss" method of getting your loan approved. As you may have already summarized, without the specialized knowledge of the Loan Approval Formula, you are really at a disadvantage of getting your commercial mortgage request approved.
My commercial loan services will walk you through the loan application process using the Loan Approval Forumula. This includes:
- Creating a professional Loan Application Package that you can use over and over again to submit your loan request to any and all lenders you choose.
- Creating a professional Underwriting Package that provides the lender with all the "cheat sheet" ratios they use already calculated for your property type.
- Loan submission service - I have a database of over 200 direct funding sources across the country that are hungry for loans. They specialize in commercial property financing for Commercial Property with Stabilized Rents as itemized in the left column on this page. With the click of a button, I can literally submit your Loan and Underwriting Package to the lenders that specialize in your type of loan request and obtain financing quotes and term sheets for you in 48 hours or less.
CHECK UPDATED INFORMATION:
Confirm Down Payment Requirements for Commercial Property Loans Here
Use the Loan Approval Formula To Get the Money You Need
Professional Loan Application Package - Present your loan request as favorably as possible with a complete and professional presentation
Professional Underwriting Package - Use the bank's little-known" qualifying ratios to your advantage as part of your loan request package
Loan Submission Service - Eliminate the "hit and miss" method of finding a lender. Match your loan with the right lenders hungry for your type of loan request - no matter where they are located in the country.
Multi-family Commercial Mortgages Offer a Variety of Options
Multifamily (apartment) loans are one of the most popular types of commercial loans obtained by investors and for good reason.
Multifamily Investing Advantages:
- Easy for beginning investors to enter commercial real estate investing
- You can start small with a 5-unit apartment building and systematically leverage your way up to 200 unit apartment complexes (and defer the taxable gain).
- There is typically a good supply of apartment buildings for sale to choose from
- The demand for available rentals is typically good so vacancies are low to nill
- Enjoy monthly, passive, cash flow
- Future appreciation or market value is primarily tied to the cash flow generated, unlike single family homes, which have imploded in bubble markets.
- There are many financing options available
Healthcare Commercial Loans
Healthcare financing covers a variety of properties:
- Assisted Living Facility
- Board and Care Home
- Congregate Care Facility
- Hospital
- Independent Living Facility
- Intermediate Care Facility
- Skilled Nursing Home
- Specialized Facilities: Alzheimer's Facility and Drug and Alcohol Treatment Centers
Government-insured financing is available for all these healthcare properties and offer very attractive terms. Conventional financing is available on some property types.
SBA Small Business Administration Loan
The Small Business Administration offers guaranteed loan programs to small business owners. The two most widely used programs are the 7 (a)Loan Guaranty and the Certified Development Company (CDC), a 504 Loan Program.
Program Highlights
- Use for real estate purchase or refinance
- Up to 90% LTV
- Obtain working capital
- Obtain business equipment
- Buy a business up to 85% LTV
- Preferred SBA Approved Lenders provide faster approvals and fundings
Secured and Unsecured Business Loans
Update: Until further notice,
only Option 3 is available
There are a variety of options available for the business owner to get cash for business expenses or expansion. Use your commercial property (or even your home) to secure a business line of credit or obtain a business loan not dependent on real estate ownership providing more flexibility for your use.
Option A: Secured Line of Credit
Ideal for the owner-occupied commercial property owner (at least 51% occupancy) to tap into your equity for quick cash when you need it for your business. Low cost, easy qualifying and very flexible terms make this an ideal solution for a business loan. Investor property also qualifies for this loan program.
- Available in all 50 states
- Owner-occupied and investor properties qualify
- $100,000 - $1,000,000 or more loan amounts for any business purpose
- Full doc - 3 years business and personal tax returns
- Loan repayment based on personal and/or business returns, personal credit and appraisal.
- Borrow up to 80% LTV on equity value of the commercial property. (Can go up to 90% CLTV with 10% tied to a term loan)
- Own your property free and clear? Great. Equity line can be in 1st position, too
- 660 middle credit score required (Help available to boost your score to qualify)
- Prefer 3 year business ownership (Will consider 2 years with compensating factors)
- Interest rate based on the Prime Rate
* Some terms vary depending on the state
SECURED BUSINESS LINE OF CREDIT - This program allows business owners to obtain a credit line secured by real property assets including: primary residence, second home or investment property or income generated from other owned properties.
- No income verification to qualify for repayment if personal credit is 680 or above. No documents needed except personal credit report and appraisal report.
- Full doc verification with personal credit under 680
- Lines up to $750,000 with personal credit of 750 or above
- Equity line can be tied to a short term loan for higher loan limits
Option B: Unsecured Line of Credit, Business Loan
- $100,000 - $1,000,000 or more loan amounts
- Multiple lending sources available to match you with the best lender that "likes your deal"
- No income documentation programs available
- Prefer 2+ years in business, but start-ups are ok
- 680 Experian FICO score required (Help available to increase your score to qualify)
- Get cash to buy or expand a business
- Get cash to buy a franchise
- Get cash for a partnership buyout
- Working capital
- FAST FUNDINGS!
Option C: Cash Advances Based on Credit Card Sales
Get fast cash without the hassle of traditional funding sources. This option is ideal for restaurants, hotels, retailers, or any business that accepts credit cards. It's a quick and easy alternative to SBA lending or unsecured bank loans.
- Cash advance amounts from $10,000 to $500,000 and more
- Credit decisions typically within 24-48 hours
- Funding typically within one week
- Over 90% of applications are APPROVED
- No real estate security or ownership requirements
- No credit score requirements or qualifications
- No verification of income or assets
- Purchase or cash-out
Stated Income/Asset Commercial Mortgage Loans
Stated Income Loans are available for:
Owner-occupied and investor properties Many property types including all "traditional" properties: office buildings, apartments, retail building, strip center, warehouses, industrial, auto repair, mixed use and most "special use"properties.
Minimum loan amount is $500,000 with some exceptions for lower loan amounts down to $250,000.
There are plenty of funding sources ready, willing and able to fund on construction and development projectsObtain construction financing for stablized income properties: |
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Obtain construction financing for special use and development projects. |
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Special Use Property Loans
Obtain a commercial loan for such special use properties as:
- Auto dealership
- Auto services
- Bar / Nightclub
- Bed & Breakfast
- Campgrounds
- Carwash
- Casino
- Church
- Dry cleaners
- Ethanol plants
- Funeral homes
- Gas station
- Golf course
- Machine shop
- Marina
- Movie theatre
- Parking garage
- Resort
- RV park
- Trucking yard
- Winery
- Other
Loan fees will vary depending on property type and loan scenario.
Placement fee: 1-2% of loan amount.
Complete the Quick Qualifier Form. Click on the button at the top of the page.
Rehab Loans for the Small Investor
Get The Money You Need To Buy and Fix Up Those Foreclosure and Distressed Sale Opportunities
This is ideal financing for investor properties:
- Single family home
- Duplex, triplex or fourplex
- Condo conversions
- Small apartment buildings (considered on a case by case basis)
Loan Features Include:
No prepayment penalty
No payment for 6 months
Loans up to 70% of After-Repair-Value (ARV) Two week closings
Funds available in 37 states and growing Line of credit available for repeat investors - no need to reapply
Small Commercial Mortgage Online Real Estate News
*Obtain your small commercial mortgage loan throughout the country, including Alabama, Alaska, Arizona, Arkansas, (California - this offer is not valid in this state), Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Washington DC, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
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