Long Term Commercial Loan
Small Balance Commercial Loan
Program #LG354
Small Balance Commercial Loan
Program #LG354
Summary of all Guidelines | |
| Loan Types | Commercial Loan |
| Property Types | Automotive, Hotel, Mixed use, Multi Family, Office, Retail, Self-Storage, Senior Care - Commercial Property, Senior Care - Low Income, Senior Care - Residential Property |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $250,000 |
| Loan amount Maximum | $10,000,000 |
| Interest Rate Minimum | 6.5% |
| Points Minimum 1st TD | 1.5 |
| Points Maximum 1st TD | 2.75 |
| Terms | 1 year, 2 year, 5 year, 10 year |
| Typical Days Required to Fund | 20-30 Business days |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Fees | Legal Review |
| Lien Position | 1st |
| Prepayment Penalty | 1 year, 2 years, 3+ years |
| Documents needed | Application, Bank Statements - Business Account - 1 month, Driver's license, Entity documents for LLC, Corp or Trust, Lease Agreements, Purchase Contract, Rent Roll |
| Intended Occupancy | Owner Occupied Business |
| General Pricing or Guideline info | Program Overview •Loan Amount: $250,000 - $10 Million •Term Length: 1 YR, 2 YR, 5 YR, and 10 YR Terms •Max LTV: Up to 80% •Amortization: Interest only or Full Amortization •Interest Rate: Starting at 6.35% •Closing Time: 14 - 28 Days •Loan Use: Purchase, refinance, cash-out Small Balance Commercial Loan Program A "Small Balance Commercial Loan" is a loan on commercial real estate less than $10MM in size. These loans are backed by multifamily, mixed-use, office, retail, warehouse, light industrial, self-storage, mobile home communities and other similar property types. A small balance commercial loan is a great fit in the following situations: 1. When you cant wait on a bank to close (Close in less than 4 weeks). 2. When the property is owner occupied. 3. When the property needs minor renovation or capital improvements. 4. When you don't have great credit (below 660) 5. When you can't provide verifiable income (non recourse & recourse options). 6. When you are a Foreign National Borrower At Capital Funding Financial, our small balance commercial loans close very quickly... even in as little as 21 - 28 days! Our small balance commercial loans require very little documentation! What is a small balance commercial loan typically used for? A small balance commercial loan is a loan on multifamily, mixed-use, office, retail, warehouse, light industrial, self-storage, mobile home communities and other similar property types which is underwritten based on the income of the property in place. Small balance commercial loans can be used to finance a range of business needs, including equipment purchases, inventory financing, working capital, and real estate purchases. This can help businesses grow and expand their operations. Small balance commercial loans offer more flexible repayment terms, which can help businesses manage their cash flow more effectively. |
| Updated as of | 2023-11-21 |
Program Overview
•Loans Amount: $250,000 - $10 Million
•Term Length: 1 YR, 2 YR, 5 YR, and 10 YR Terms
•Max LTV: Up to 80%
•Amortization: Interest only or Full Amortization
•Interest Rate: Starting at 6.35%
•Closing Time: 14 - 28 Days
•Loans Use: Purchase, refinance, cash-out
Small Balance
Commercial Loans Program
A "Small Balance Commercial Loans" is a loan on commercial real estate less than $10MM in size. These loans are backed by multifamily, mixed-use, office, retail, warehouse, light industrial, self-storage, mobile home communities and other similar property types. A small balance commercial loan is a great fit in the following situations:
1. When you cant wait on a bank to close (Close in less than 4 weeks).
2. When the property is owner occupied.
3. When the property needs minor renovation or capital improvements.
4. When you don't have great credit (below 660)
5. When you can't provide verifiable income (non recourse & recourse options).
6. When you are a Foreign National Borrower
At Capital Funding Financial, our small balance commercial loans close very quickly... even in as little as 21 - 28 days! Our small balance commercial loans require very little documentation!
What is a small balance commercial loan typically used for? A small balance commercial loan is a loan on multifamily, mixed-use, office, retail, warehouse, light industrial, self-storage, mobile home communities and other similar property types which is underwritten based on the income of the property in place. Small balance commercial loans can be used to finance a range of business needs, including equipment purchases, inventory financing, working capital, and real estate purchases. This can help businesses grow and expand their operations. Small balance commercial loans offer more flexible repayment terms, which can help businesses manage their cash flow more effectively.
These descriptions are limited information and meant for general reference purposes.
- David DiNatale
Managing Partner
