Commercial Loans
Our experienced professionals work closely with clients to help them choose the best commercial purchase loan option for their unique requirements and objectives.
Lending Options
Commercial Mortgage Loan
This is the most common type of commercial loan used for property purchase. It is a long-term loan typically provided by banks or other financial institutions. Commercial mortgage loans are secured by the property being purchased and require a down payment. The loan term can range from five to 25 years or more, and the interest rates can be fixed or adjustable.
Small Business Administration (SBA) Loan
The SBA offers loan programs that can be used for purchasing commercial real estate. The SBA 7(a) Loan Program and the SBA 504 Loan Program are popular options. These loans are designed to help small businesses and offer favorable terms such as low down payments and longer repayment periods. However, they often have stricter eligibility requirements and may involve more paperwork and longer approval processes compared to traditional commercial loans.
Bridge Loan
A bridge loan is a short-term loan that helps bridge the gap between the purchase of a new property and the sale of an existing property. It can be used to finance the purchase of a new property while waiting for the sale of the current property. Bridge loans typically have higher interest rates and fees than traditional commercial loans due to their short-term nature. Once the existing property is sold, the bridge loan is repaid in full.