Commercial

Competitive Programs with Loans to $50,000,000

Acquire, build, or improve commercial properties with commercial real estate financing through Brett McDonell and his vast array of funding channels.  

COMMON TYPES OF COMMERCIAL LOANS:

• Permanent Loan –Similar to a residential mortgage, a permanent, conventional loan is the first loan on a commercial property.
  This loan carries a minimum 5-year repayment term.
• Small Business Association (SBA) Financing – The SBA guarantees multiple loan programs through approved lenders.
  There are two types of SBA loans that are commonly used to finance commercial real estate.

HERE ARE THE BASICS OF EACH PROGRAM

1. SBA 504 – Provides long-term, fixed-rate financing for owner-occupied small business properties. Proceeds from a loan can be
   used for real estate financing, refinancing, and certain soft costs. A 504 loan can be an attractive alternative to a conventional
   commercial loan because it typically comes with a lower down payment requirement for qualified borrowers. The maximum
   repayment term on loans for real estate is 25 years.
2. SBA 7A –The 7a was created to finance higher-risk loans, like a business and building purchases. Interest rates are typically
   adjustable and tied to the prime rate. Up-front costs are higher than a 504 loan. The maximum repayment term on loans
   for real estate is 25 years.

Reach out more detailed information on commercial loan programs.

Guidelines for commercial loans are subject to change when there are adjustments to government and lender policies, interest rate modifications, and fluctuations in the economy.

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