UNIQUE REAL ESTATE FINANCING SOLUTIONS FOR ALL YOUR NEEDS
Mixed Use Properties
These include any property which has a both a residential and commercial component such as apartments connected to retail or office space. “A” credit borrowers can obtain up to 90% loan-to-value for purchases and refinancing of mixed-use buildings. Borrowers with lower credit scores can still obtain attractive financing terms.
Apartment Buildings
Apartment buildings “consisting of 5 or more units” constitute a commercial apartment building (1-4 stand-alone residential units are considered to be residential only and conforming to Fannie Mae Guidelines). In most cases, the loan can be qualified based on existing cash-flow with no additional qualifying required.
Storage and Warehouse facilities
These can be any property that provides public, commercial or industrial storage space. Loan limits for storage and warehouse facilities are up to 85% Loan-to-value.
Retail/Office Buildings
Retail space and office buildings may be owner occupied or investment with up to 80% Loan-to-value. As always, additional seller financing is permitted.
Automotive
Financing is available for automotive repair shops and “body shops.” These are traditionally one of the most difficult types of commercial properties to obtain financing for. Automotive is one of our specialties. No gas pumping stations are allowed due to environmental hazards.
Industrial
All types of Industrial properties can be financed with the exception of waste dumping facilities or chemical manufacturing sites.
Bed & Breakfast
Only existing Bed & Breakfast properties may be purchased or refinanced. We do not provide “start-up” financing for business.
Funeral Homes
Any type of Funeral Home service providers.
Hotels/Motels
This category includes any existing “Flag” or “Non-Flag” properties.
Restaurants/Bars
Financing is provided on the real estate only. We do not finance fixtures, inventory, goodwill or liquor licenses. The real estate value is determined through M.A.I. appraisal process.
Special Purpose
Special Purpose properties are determined by the specific use of the property by the existing or intended use of the occupants. One example of a special purpose commercial property would be a Daycare Center. It would be difficult to convert the property to another use without altering the existing structure.
Health Care Facilities
Valuations for Health Care Facilities are based upon the value of the real estate determined by appraisal.
