Small business owners and investors utilize small commercial properties nationwide to support and operate their businesses. We believe strongly in this type of asset and have developed financing solutions for commercial real estate loans designed specifically to help entrepreneurs achieve their vision of real estate ownership. Whether you are a seasoned commercial business owner or thinking about purchasing your first small commercial real estate property, it's important you understand how the type of property financed can affect the commercial loan terms. From a lender's perspective, commercial buildings with more general use capacity like retail, warehouse or office space are easier to finance than properties built for a specific purpose (i.e., bowling alley, bank or manufacturing plant) because they have an inherently lower risk due to a higher market demand from investors.
Lenders often avoid financing specific use properties or require a lower LTV (e.g., higher down payment) on them to offset their higher risk profile. At Express Mortgage Lending, Inc, we provide loans for a wide variety of commercial properties, including:
Automotive Repair Shops
While we do provide investment property financing for up to $5 million on small balance commercial real estate buildings, most of our commercial real estate loans fall under $2 million in value. These smaller loans are much easier to approve and close in comparison to "institutional" loans for larger properties,
Less Frustration, More Inspiration
We know small business owners and investors only have a short runway to get their vision up and running. Our uncomplicated, asset-based commercial loans are designed to help you get the velocity you need to acquire or refinance properties quickly and easily. Less paperwork, flexible terms and the freedom to look beyond a borrower’s personal income allow us to offer investors funding options beyond what’s traditionally available to them. Whether you needs a loan for a new property or a cash-out refinance, our commercial loans terms will make it simple to qualify.
Our simple, flexible loan solutions make it easy for investors to get the financing they need so they
can focus on bringing their vision to life. Our FlexTerm Loan has many benefits for commercial real estate investors and small business owners:
A simple financing solution on a purchase or cash-out refinance.
Interest-only payments up to 10 years.
The flexibility to remain in the loan for up to 30 years with no balloon payment.
Lower monthly payments than a hard money loan.