Commercial Mortgage Lender 90% LTV. Stated & Full Doc. Fast closings 30-45 days. Simple loan process. Call for quote.
Direct Lender | Call For Quote | Jeff Lustbader | Stated & Full Doc
www.commercialmortgagecity.com
Compare competitive commercial mortgage quotes from multiple lenders. No obligation. Check your options, rates and payments and save.
Free Quotes | Compare Lenders | Find Low Rates
www.AllOptions.com
Commercial finance firm offering Commercial Mortgage Lending. Financing solutions designed to serve your specific needs. Contact us today!
About Us | Products Offered | Industries Served | Contact Us
www.capitalsource.com
Helping businesses reach financial goals. PNC Advisory webinar series.
www.pnc.com/joinus
Objective Info. and Useful Tools. Do research, Check Rates & Apply.
www.Wachovia.com
Official site: Chase mortgage rates for home loans. Apply online today!
www.Chase.com/Mortgage
The creative direct lender offering the widest variety of real estate loan programs nationwide on nearly all commercial property types.
Programs | About BSC | Closings
bondstreetcapital.com
Commercial Mortgage loans origination software for brokering commercial loans and training connects directly with lenders, download free demo version.
Free Demo | Price and Buy | Our Training | Contact Us
lendingapps.com
Commercial and residential mortgage loans including land loans, construction loans, and reverse mortgages. Largest database of online lenders/brokers.
www.lendinguniverse.com
The largest provider of Automated Underwriting systems for lenders.
www.PriceMyLoan.com
400+ Commercial/Wholesale Lenders Free Award-winning Lender Search
www.scotsmanguide.com
Provider of financing to the public sector as well as mortgage lending and investments.
www.berlinhyp.de
Blue Turtle Finance is a UK provider of commercial and residential mortgages, remortgages, secured loans and other finance solutions.
www.blueturtlemortgages.co.uk(Paid)
Commercial loans from $100k-$5 Mil. Untraditional commercial finance structures, such as 90% financing, commercial 30 year fixed & bridge loans.
www.cfa-commercial.com(Paid)
Provides a database that contains the current loan rates of 750 commercial mortgage lenders. Lenders are listed in interest rate order.
www.cloans.com
Commercial finance firm offering Commercial Mortgage Lending. Financing solutions designed to serve your specific needs. Contact us today!
About Us | Products Offered | Industries Served | Contact Us
www.capitalsource.com (Paid)
Commercial Mortgage Lender 90% LTV. Stated & Full Doc. Fast closings 30-45 days. Simple loan process. Call for quote.
Direct Lender | Call For Quote | Jeff Lustbader | Stated & Full Doc
www.commercialmortgagecity.com (Paid)
Commercial Mortgage loans origination software for brokering commercial loans and training connects directly with lenders, download free demo version.
Free Demo | Price and Buy | Our Training | Contact Us
lendingapps.com (Paid)
Commercial and residential mortgage loans including land loans, construction loans, and reverse mortgages. Largest database of online lenders/brokers.
www.lendinguniverse.com (Paid)
Apply for Commercial Financing to the top Commercial Mortgage Lenders for any type of Commercial Real Estate Loan $100,000 minimum to $100 million.
www.loanscommercialmortgage.com(Paid)
Compare commercial mortgage rates and evaluate offers from multiple lenders.
www.mortgageloan.com(Paid)
Commercial Mortgages and Business Finance and business loans for UK business. From start up Finance to commercial re-mortgages at General Finance.
www.generalfinancecentre.com(Paid)
Compare competitive commercial mortgage quotes from multiple lenders. No obligation. Check your options, rates and payments and save.
Free Quotes | Compare Lenders | Find Low Rates
www.AllOptions.com (Paid)
Provider of commercial financing, commercial loans, accounts receivable financing and real estate financing.
www.jbcapitalbiz.com
An online commercial mortgage marketplace, featuring loan submission and pipeline management tools with free account set-up and no subscription fees.
www.lendicom.com(Paid)
Provider of fixed, adjustable and balloon mortage programs as well as mortgage refinancing for clients worldwide.
www.refinancecash.com(Paid)
Represents the real estate finance industry and its legislative and regulatory interests before the United States Congress and federal agencies. Also provides educational programs, periodicals, publications, and research services.
www.mbaa.org
Commercial Mortgage Lending Directory: commercial property, commercial lending, commercial mortgage.
www.loanpage.com
Provider of SBA and commercial financing for new construction, purchases and refinance for businesses, apartments and office buildings.
www.newline-financial.com
Commercial Second Mortgage, Inc offers a no cost, commercial 2nd loan that sits in second lien position behind any first mortgage.
www.commercial-second-mortgage.com(Paid)
Structured as a mortgage bank, providing financing for the public and private sectors.
www.hvbre.com
The creative direct lender offering the widest variety of real estate loan programs nationwide on nearly all commercial property types.
Programs | About BSC | Closings
bondstreetcapital.com (Paid)
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Helping businesses reach financial goals. PNC Advisory webinar series.
www.pnc.com/joinus
Objective Info. and Useful Tools. Do research, Check Rates & Apply.
www.Wachovia.com
Official site: Chase mortgage rates for home loans. Apply online today!
www.Chase.com/Mortgage
Guide to Commercial Mortgage Lenders
Tips and strategies to land the best deals on commercial real estate loans |
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Commercial Mortgage Essentials
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- Secure financing to buy or expand your business property.
- Secure a long-term location without rental rate hikes.
- Profit from the increase in value of your business property.
- Secure a mortgage loan at a favorable rate and term.
- Increase your tax deductions.
Action Steps to Commercial Loans
The best contacts and resources to help you get it done
Prepare your financials
Commercial mortgage lenders want to see hard evidence that you can repay the loan, including financial statements, balance statements, profit-and-loss statements, projected cash flow statements and more. Lenders may want to see a business plan as well as background information on you and your partners.
I recommend:
Keep this commercial loan readiness checklist handy so you know which financial statements to prepare. Download a sample balance sheet and a profit-and-loss statement from UrgentBusinessForms.com, which also sells templates in Excel, PDF and Word formats. A downloadable template for cash flow projections is available from 1000Ventures.com.
Know your ratios
Most commercial mortgage lenders require certain percentages for three important ratios: debt service coverage ratio (DSCR), loan to value ratio (LTV) and debt ratio. DSCR is the net operating income divided by the mortgage payments. LTV is the total loan amount divided by the fair market value of the property. Debt ratio is determined by dividing your monthly debt obligations by your monthly income.
I recommend:
Keep abreast of commercial loan rates and use the debt service calculator courtesy of CommercialBanc.com to estimate your DSCR.
Shop for mortgage lenders
The commercial mortgage and commercial lending market is crowded with bankers and commercial mortgage brokers eager to place your loan. Choosing one requires careful consideration of rates, terms, duration, down payment and other conditions. Often the bank that handles your business checking accounts may be willing to offer you a commercial mortgage loan at an attractive rate or with favorable terms in order to get more of your business.
I recommend:
Among the big banks that offer commercial mortgage loans to small businesses are Wells Fargo, Citibank and Wachovia, which allows you to apply online. Among the numerous online services that help you shop for commercial mortgage loans are iBank and Businessfinance.com. Fill out a short online form at BuyerZone.com to receive quotes from several commercial mortgage lenders.
Negotiate a deal and close the loan
Choose two or three lenders that seem to offer the best deals and most closely match what you need. Negotiate with each one, letting them know that you're shopping several other sources. Having options gives you at least some leverage in the negotiation process. Once you have decided on your top pick, proceed to finalizing your commercial mortgage loan. It's wise to use an attorney to review the loan documents and make sure your interests are served and protected. Your attorney can also help walk you through the closing.
I recommend:
The Capital Consortium offers a number of sample mortgage loan documents online for review. Find an attorney who specializes in real estate at AttorneyPages.com.
Tips & Tactics for Getting a Commercial Mortgage
Helpful advice for making the most of this Guide- Learn from rejection: If you get rejected for a commercial mortgage loan, find out why and try to remedy the shortcoming. Then apply again, perhaps with a different lender.
- Watch for balloons: Commercial mortgage loans are often for periods of 10 years or less, with the entire remaining amount due at the end of the term as a balloon payment. Be prepared to refinance or pay off the balance.
- Down payments required: Most lenders require at least a 20 percent down payment on a commercial loan.
- Look for hidden costs: Extra loan fees and costs can add up. Lower-interest loans can sometimes cost more because of extra fees and charges.
- Keep your credit clean: If you have other business credit lines, keep them up to date and out of trouble. Any bad credit marks can make mortgage lenders leery.
- Pay attention to restrictions: Mortgage lenders will sometimes impose restrictions on the use of your property as a condition of the loan. Be sure to ask about any restrictions and make sure that you agree with them.
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