Commercial Loan Center
- Carl Shorley
Managing Partner
Long Term Commercial Loan | |
| Property Types | Automotive, Daycare, Funeral Home, Hotel, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Warehouse |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $500,000 |
| Loan amount Maximum | $7,000,000 |
| Interest Rate Minimum | 7.5% |
| Interest Rate Maximum | 14% |
| Terms | 5 year, 10 year, 25 year, 30 year |
| Credit Score Min | 660 |
| Fees | Underwriting |
| Lien Position | 1st |
| Updated as of | 2023-04-24 |
| Program Code | LG149 |
Summary of all Guidelines | |
| Loan Types | Bridge Loan, Commercial Loan, Hard Money Loan |
| Property Types | Automotive, Bar, Car Wash, Church, Condo, Daycare, Funeral Home, Hotel, Industrial, Mixed use, Mobile Home Park, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Warehouse |
| Lendding Area | alabama, arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, idaho, illinois, indiana, iowa, kansas, kentucky, louisiana, maine, maryland, massachusetts, michigan, minnesota, mississippi, missouri, montana, nebraska, new-hampshire, new-jersey, new-mexico, new-york, north-carolina, ohio, oklahoma, oregon, pennsylvania, rhode-island, south-carolina, south-dakota, tennessee, texas, utah, vermont, virginia, washington, wisconsin, wyoming |
| States Excluded | Michigan, Nevada, North Dakota, South Dakota, Tennessee, Vermont, West Virginia |
| Loan amount Minimum | $250,000 |
| Loan amount Maximum | $5,000,000 |
| Interest Rate Minimum | 7.5% |
| Interest Rate Maximum | 14% |
| Terms | 1 year, 2 years, 30 years |
| Prepayment Penalty | none |
| LTV Bridge | 75 |
| LTV Long Term Rental | 75 |
Commercial Loan Center LLC, is a direct lender for Stated Income & Full Documentation loans. Commercial Loan Center also provides Bridge Loan and Hard Money financing for nonconforming traditional loans. Despite the current credit restrictions today, we continue to lend to borrowers and grow our company. Whether you are looking to acquire commercial real estate, refinance your existing property or consolidate debt, Commercial Loan Center is the educated borrower’s first choice. Commercial Loan Center provides the most professional and reliable service available. We deliver when other lenders can’t. We provide our borrowers with a customized loan by having an upfront understanding of the borrowers’ needs and goals. All of our loans are qualified based on a common sense approach. This style of underwriting allows us to accommodate traditional borrowers and also borrowers with tax liens, judgments, and other special circumstances.
They offer financing for Bridge Loans, Hard Money Loans and Commercial Loans. The property type they primarily lend against is Automotive, Bar, Car Wash, Church, Condo, Daycare, Funeral Home, Hotel, Industrial, Mobile Home Park, Multi Family, Office, Place of Worship, Restaurant, Retail, Self-Storage, Warehouse and Mixed use. Their minimum loan amount is $250,000. Their maximum loan amount is $5,000,000. They offer loans for a minimum Term of 3 years. Maximum duration of 1 year;2 years;30 years. Although rates can change they are typically lending at a minimum rate of 7.5%. Maximum interest rate of 14%.
These descriptions are limited information and meant for general reference purposes.