Our Commercial Loans include financing for:
- No prepayment penalty
- Loan amounts: $500,000 to $10 million
- Loan term: up to 15 years (3 year minimum)
- Amortization: up to 30 years
- Fixed with reset fixed terms
- 3, 5 and 7 year with reset
- CMT & spread for reset period
- DCR (min.): Commercial / Other – 1.25
- DCR (min.): Multifamily / MHC – 1.15 / 1.15
- LTV (max.): All property types – 75% max.
- Credit Score (min.): 680
Call us today at 424 225 2167! One of our mortgage professionals will help you choose one of our Best Commercial Loans. We’ll be with you every step of the process and not hand you off to someone else.
Commercial Loans $500,000 to $10 million
Are you looking ahead for commercial loans California? Here is all you need to know about commercial loans in California, before you take one.
Commercial loans are taken when the business person is in need of funds and sometimes even though they have enough personal assets and income they cannot use it because of tax minimization. In such a case, the option is to take a loan against the company property. They even allow you to cross- collateralize and take a commercial loan against the residential property as well. Commercial loans in California also are many times not taken out in the name of the individual, but are generally on the name of the limited company, partners or the incorporated business and, in such cases, calculating the credit worthiness can be a little complicated.
There are many important factors that financial institutions will analyze before granting a commercial loan to an individual or a small business. The first step is that the lender will want to clearly see the financial conditions of the borrower. The loan will be approved only when the borrower is financially stable. It is also necessary to make sure that the investment will be repaid in a timely manner according to any agreement that is signed by the two parties.
Our Commercial Loans are Amortization up to 30 years
The primary requirement of commercial loans California is that borrowers are required to produce all documents pertaining to the business for lender review. Lenders like to know details all about your business and what you intend to do with the loan proceeds. Lenders require you to provide an up to date business plan demonstrating the business income. In the event the commercial loan is for the purchase of property, the lender will require you to have a cash reserve. The lender needs to be convinced the loan payments will be made on time.
Normally Commercial loans program in California are secured by property. So in the event to commercial property doesn’t represent sufficient collateral you may be asked to pledge your residential property as a way to increase the security of the loan. Because these loans are securitized they can be offered at very competitive rates vs. a non-secured loan.
Our Commercial Loans have a minimum credit score of 680
Sometime the purpose for commercial loans is to generate working capital. Most often the purpose is for expansion, upgrades and inventory.
Don’t approach this loan with the idea large companies get the best financing. Basically obtaining a commercial loan in California is a negotiation between the borrower and the lender. All aspects of your business are taken into consideration, and will help with the overall terms of your loan. You can always sweeten the deal by adding additional security, co-borrower and shorten the term.
By using a co-borrower in the lender’s eyes you reduce the overall risk.
Our Commercial Loans have No Pre payment Penalty
In closing our commercial loans are generally fixed initially for 15, 10, 7, 5 or 3 years – amortized over 30 years with no pre-payment penalty.
Do you like to know more about commercial loans California? Our mortgage professionals will help you understand anything and everything about commercial loan program in California. We will enrich your knowledge and help you find the best commercial loans California.
Call us today at 424 225 2167! One of our mortgage professionals will help you choose one of our Great Commercial Loans. We’ll be with you every step of the process and not hand you off to someone else.