Small Commercial Loans

We are still closing loans!!!  

This small commercial loan program is for loan amounts between $200,000 -$500,000.  It is for small commercial mortgages only (not unsecured commercial loans).  Primary benefit is that there are NO 3rd party fees to do the loan...

• No appraisal fee
• No title fee
• No environmental fee

No typo there or bs.  Funding bank pays for all of these costs!  Rates are good as well and there is normally only a 1% bank fee to fund the loan.  This small commercial mortgage is for both businesses or investors.  Loan comes in 5 year fixed/30 year amortization, 10 year fixed/25 year amortization or 15 year fixed.  Also comes in commercial equity line.

Small Commercial Mortgage Details 

Besides the 3rd party fees being paid for, some of the other benefits include a streamlined process and relative to most commercial real estate loans, low documentation.  Other details:

• Can go up to 75% loan to value on rate and term refinances
• 70% loan to value on cash out refinances
• Streamlined process with closing normally taking 45 days
• Light documentation
• Purchase at 75% loan to value
• Wide variety of eligible building types, including special purpose properties
• No length of lease restriction like almost all other banks
• No town population restrictions

Small Commercial Loan Requirements

Credit score is very important with this program.  You will need a minimum 690 to be considered.  A few question to ask yourself.

1. Is the estimated value of the property less than $3,000,000?

2. Have you owned it for more than one year?

3. Have you been in business at least 2 years (for owner occupants)?

4. You can't have any bankruptcies or foreclosure in order to qualify.

5. If investment, will the property hit a 1.2 debt coverage ratio?

Call us now to discuss this small commercial loan program at 248 885-8797 or, get preapproved now by fill out the quick commercial loan application.  You will have feed back normally within a few hours.

Or fill out the full commercial application and email to jrauth@cfa-commercial.com. 

Commercial mortgage training, fee agreements, spreadsheets, etc.

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Commercial Finance Advisors, Inc.
(248) 885-8797 Phone
(866) 337-3141 Fax
http://www.cfa-commercial.com/
261 E Maple Rd
Suite 13
Birmingham, Michigan 48009

 

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