Fixed Rate Commercial Mortgage

Long term commercial fixed rate financing is back.  These loans are structured with fixed rates from 5 to 20 years.  Often, the rate and amortization schedule is the same, ie a 20 year fixed with a 20 year amortization schedule, similar to a residential loan.  Actual interest rates themselves are also competitive, normally at a 6.25% for  a 10 year fixed with a 20 year amortization schedule.  Depending on the strength of the loan request, the rate could be higher or lower. 

We don't need to tell you, in these uncertain times and with inflation looming, having a long term fixed rate is smart.  It will also give you peace of mind knowing that you will not have worry about where rates maybe at, in a few years.  

Loan amounts range from $500,000 - $20,000,000.  Program is for both commercial real estate investors or owner user. 

Long Term Fixed Rate Commercial Loans:

• No concerns over potential future rate increases.
• Competitive interest rates starting at 5.5%.
• Debt Coverage Ratio's as low as 1.05 for credit tenant financing.
• Debt Coverage Ratio's as low as 1.3 for owner users ie small businesses.
• Loan to value for non credit tenants up to 75%, 90% for credit tenants. 
• Limited to no personal recourse.
• Lending area - Nationwide .

Note these programs are geared for borrowers that have plans to hold onto the properties long term.  Prepayment penalties are more expensive than traditional bank loans.  Ranging from Yield Maintenance to 5% for 5 years.  The Pre Pay often is tied directly to the fixed period of the rate.  If you think that there is a good chance you will want to sell the property in the near future, this may not be your ideal program.  However, most of these programs do allow for and have assumption clauses.      

Fixed Rate Commercial Mortgages - Other:
  

• Eligible property types include, credit tenant properties of all types, multi family, office, retail, warehouse, self storage, light industrial,  some other special purpose properties, on a case by case basis.  
• Borrower needs personal credit score of at least 680
•  Loan amount ranges for $500,000 - $20,000,000
• Personal liquidity of borrower needs to be relatively strong.  Rule of thumb, is 15% of loan request.
• Borrowers need to be well experienced in there given field.

Fill out the mini commercial loan applicationto get pre approved now. Or call to discuss your situation and to see if our fixed rate commercial mortgages are a fit for you.