Retail Property

Retail property types come in a variety of sizes and shapes. For investment property, retail properties include free standing buildings with a single tenant, such as a drug store or fast food restaurant, as well as strip centers or small shopping centers with multiple local tenants, or large shopping malls with many national tenants. On the owner-occupied side, retail is typically some sort of free of standing building, like a clothing store or grocery, though may also be a retail condo, such as what you see the street level of a large high rise.

Bank And Credit Union For Investment Commercial Real Estate

Banks and credit unions generally provide some of the lowest rates available in the market, making them attractive sources of debt for many businesses. These lenders will finance a broad range of property types and are usually flexible with uses of funds. Financing may be used to acquire, develop, construct, or rehab commercial property, as well as to refinance existing debt, or consolidate multiple loans. These lenders provide an assortment of products including fixed and variable rate structures.

Loan Amount Min. Rate Term Length Closing Time Max LTV Amort.
$500K + 4%'s Up to 10 yrs 4 - 6 weeks 75% Up to 25 yrs

Bank And Credit Union For Owner Occupied

Banks and credit unions generally provide some of the lowest rates available in the market, making them attractive sources of debt for many businesses. These lenders will finance a broad range of property types and are usually flexible with uses of funds. Financing may be used to acquire, develop, construct, or rehab commercial property, as well as to refinance existing debt, or consolidate multiple loans. These lenders provide an assortment of products including fixed and variable rate structures.

Loan Amount Min. Rate Term Length Closing Time Max LTV Amort.
$500K + 4%'s Up to 15 yrs 4 - 6 weeks 80% Up to 25 yrs

CMBS

CMBS loans are institutional grade commercial mortgage loans that are pooled with other CMBS loans and then securitized into a bond. Generally, loan amounts must be in excess of $2.5 Million and the property types are generally limited to multi-tenant properties such as multifamily properties (5+ units), office buildings, retail properties (e.g., shopping centers), self-storage facilities, or industrial properties (e.g., flex space or warehouses). Flagged hotels are also eligible for CMBS financing, as are single, credit tenant properties.

Loan Amount Min. Rate Term Length Closing Time Max LTV Amort.
$2.5M + 4%'s 5, 7, 10-yrs fixed 4 - 8 weeks 75% Up to 30 yrs

SBA 7(a)

SBA 7(a) loans are one of the most popular SBA loan programs because they provide the lowest down payment (10%) for real estate acquisitions, are a long term solution with no balloon payment, have competitive terms and a variety of uses. Small businesses can utilize the SBA 7(a) program to acquire their own office, warehouse, store, or other commercial real estate, or even construct a brand new facility. The key is that the business must occupy for its own use at least 51% of the property. Other uses for SBA 7(a) loans include equipment purchase and working capital.

Loan Amount Min. Rate Term Length Closing Time Max LTV Amort.
$500K - $5M 6%'s Up to 25 yrs 4 - 6 weeks 90% Up to 25 yrs

SBA 504

SBA 504 is a powerful economic development loan program designed to promote business growth, and job creation by providing commercial real estate financing to small businesses. The 504 program works by distributing the loan among three parties. The business owner puts a minimum of 10%, a conventional lender (typically a bank) puts up 50%, and a Certified Development Company (CDC) puts up the remaining 40%.The 504 program may be used to finance the acquisition and/or development of an existing building, ground-up construction, expansion of a building, or heavy equipment.

Loan Amount Min. Rate Term Length Closing Time Max LTV Amort.
$500K - $20M 4%'s Up to 25 yrs 4 - 6 weeks 90% Up to 25 yrs

Stated Income For Investors

The Stated Income Loan Program is geared towards borrowers who might not qualify for traditional financing based on their tax returns. Instead, underwriting is based on a combination of bank statements and the sponsor’s credit score. It’s also a great loan program for smaller loans (under $1 Million) and for class B and C properties. Notably, you can get up to 30-year terms with no balloon. Due to the low documentation and increased risk, this loan program requires a minimum credit score in the 600s and the maximum loan to value ratio is generally lower than what banks offer.

Loan Amount Min. Rate Term Length Closing Time Max LTV Amort.
$250K - $5M 6.50% Up to 30 yrs 3 - 6 weeks 75% Up to 30 yrs

Stated Income For Business Occupied

The Stated Income Loan Program is geared towards borrowers who might not qualify for traditional financing based on their tax returns. Instead, underwriting is based on a combination of bank statements and the sponsor’s credit score. It’s also a great loan program for smaller loans (under $1 Million) and for class B and C properties. Notably, you can get up to 30-year terms with no balloon. Due to the low documentation and increased risk, this loan program requires a minimum credit score in the 600s and the maximum loan to value ratio is generally lower than what banks offer.

Loan Amount Min. Rate Term Length Closing Time Max LTV Amort.
$250K - $5M 6.50% Up to 30 yrs 3 - 6 weeks 75% Up to 30 yrs

Bridge Program

A bridge loan is a short-term loan that provides financing to acquire a property when traditional financing solutions are unavailable or impractical due to timing restrictions or where the property is unstabilized. Bridge loans are typically arranged quickly, even in a matter of a few days, with relatively little documentation. As private short-term loans, they have higher rates and fees versus conventional or permanent financing, and can be non-recourse based on the characteristics of the deal.

Loan Amount Min. Rate Term Length Closing Time Max LTV Amort.
$500K + 7.99% 6-36 mos 1 -3 weeks 70% Interest Only

Compare All Loan Programs

Eligible Programs Loan Amount Min. Rate Term Length Closing Time Max LTV Amortization
Bank & Credit Union - Investor $500K + 4%'s Up to 10 yrs 4 - 6 weeks 75% Up to 25 yrs
Bank & Credit Union - O/O $500K + 4%'s Up to 15 yrs 4 - 6 weeks 80% Up to 25 yrs
CMBS $2.5M + 4%'s 5, 7, 10-yrs fixed 4 - 8 weeks 75% Up to 30 yrs
Freddie Mac Multifamily $1M - $6M 4%'s 5, 7, 10, 20 yrs 4 - 6 weeks 80% Up to 30 yrs
Fannie Mae Multifamily $750K - $5M 4%'s 5, 7, 10, 12, 15, 30-yrs 4 - 6 weeks 80% Up to 30 yrs
SBA 504 $500K - $20M 4%'s Up to 25 yrs 4 - 6 weeks 90% Up to 25 yrs
SBA 7(a) $500K - $5M 6%'s Up to 25 yrs 4 - 6 weeks 90% Up to 25 yrs
Stated Income - Investor $250K - $5M 6.50% Up to 30 yrs 3 - 6 weeks 75% Up to 30 yrs
Stated Income - Biz. Occ. $250K - $5M 6.50% Up to 30 yrs 3 - 6 weeks 75% Up to 30 yrs
Bridge $500K + 7.99% 6 - 36 months 1 - 3 weeks 70% Interest Only