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Mortgage Rates for Commercial Loans
Commercial Mortgages: Rates as low as 2.40% - Hooray!
We are once again offering Commercial Real Estate Lending.
A few years ago the wholesale commercial mortgage market came to a grinding halt. In the last few months some of the direct lenders in our network started offering Commercial Real Estate programs once again.
This is great news for all you who own or want to buy commercial real estate!
For example: Income Property, Commercial Office Buildings, Apartment Buildings, Retail / Industrial Properties, Mobile Home Parks, etc.
Here is a basic overview of the Commercial Mortgage Loan programs we offer:
(If you have questions or don't see what you are looking for here, please call us toll free at 1-877-728-3178)
- Loan Amounts: $500,000 to $5,000,000
- 90-Day Rate Locks
- Fixed Interest Rates as low as 4.350%*
- Variable Rate Options as low as 2.40% (6 Month LIBOR)**
- Fixed Rate Terms up to 15 Years
- Loan-To-Value up to 75% on Purchases (Up to 70% on Refinances)***
- Now Lending in California, Oregon, and Washington
- Special exemptions may be made for other states. Please call for details.
*Fixed Interest Rates ranging from 4.350% to 8.591% depending on property type and financial strength of borrower. The initial fixed rate is subject to change daily until an Option to Lock the Interest Rate is exercised.
**Interest rates will adjust quarterly with a .50% periodic cap, a life of loan cap of 11.00%, and a floor equal to the start rate on the loan.
***Sponsorship, Property and Reporting requirements vary by pricing category, please discuss all loan requirements with our Loan Officer.
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