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Commercial 30 Year Fixed
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New commercial 30 year fixed, offers distinct advantages over typical bank and or SBA loans. The structure is similar to the traditional residential loan in that the rate and amortization are fixed for the duration of the loan, 30 years. Giving borrowers long term commercial fixed rate loans and peace of mind that they never have to worry about future rate increases/volatility.
Long Term Fixed Rate Financing:
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Loan Comparison - Bank vs. SBA vs. New 30 Year Fixed |
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| Loan Amount | Amortization | Fixed Period | Interest Rate | Fee | Down | Refinance | Monthly | |
| Payment | Payment | |||||||
| Typical Bank Loan | $1,000,000 loan amount | 20 year amortization (ranges from 10 - 20 Years) | Fixed for 5 years (meaning loan balloons, comes due after 5 years) | 6.5% rate | Normally 1% origination fee = $10,000 due at close | 20% – 30% | Max 70% Loan to Value | $7,455 Monthly Principle and Interest Payment |
| Typical SBA Loan - 7(A) | $1,000,000 loan amount | 25 year amortization (Typically 20 - 25 Years) | Rate typically adjusts quarterly | 8.25% rate (normally “Prime” plus 1%- 3%) | SBA guarantee fee 3.5% of Guaranteed portion = $26,250 | 10% down on purchases | NO | $8,520 Monthly Principle and Interest Payment |
| New 30 Year Fixed | $1,000,000 loan amount | 30 year amortization | 30 years | 6.75% rate | Normally 1% origination fee = $10,000 | 10% down on purchases for owner occupants | Up to 80% Loan To Value | $6,485Monthly Principle and Interest Payment |
Multi Family, Mixed Use, Office, Retail, Warehouse, Self Storage, MHP, Light Industrial, Automotive, Restaurant, Other Special Purpose.
Qualifying Parameters:
• Business has to be in existence for minimum of 2 years
• Borrower needs personal credit score of 640
• Loan amount ranges for $400,000 - $5,000,000
• Only 10% down on purchase for owner occupant
• Up to 70% loan to value on Cash Out Refinance
Fill out the mini commercial loan application to get pre approved now. Or call to discuss your situation at 248 885-8797.
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STORE |
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Commercial Finance Advisors, Inc.
(248) 885-8797 Phone
(866) 337-3141 Fax
http://www.cfa-commercial.com/
Main Office
261 E Maple Rd
Birmingham, Michigan 48009
Second Office
Roanoke, Virgina