Below are some examples of some real-world commercial mortgages. They represent some of the most common financing options that you’ll likely come across. Please don’t hesitate to reach out if you would like an assessment of your particular sutuation.
Typical Commercial Mortgages Available
117 Residential Units & 2 Commercial Units
$24,000,000 Conventional First Mortgage, Interest Rate @ 3.50%, 10 Year Term, Amortization 40 Years,
Funded in February 2019
88 Residential Units & 1 Commercial Unit
Conventional Equity Take-Out Mortgage of $14,000,000, Interest Rate @ 3.95%, Interest Only Payments with a 24 Month Term
Owner-Occupied Commercial Properties
Low Down Payments Available, with Low Interest Rates, as Owner-Occupation Reduces the Lender’s Risk
Inventory Financing
Inventory Financing for 25 Residential Units, Loan of $13,000,000, Interest Rate @ 5.35%, 24 Month Term
Bare Land Financing
Land bought for Imminent Development normally can be Financed from 50% to 65% Loan to Value, as the First Step in the Development Process
Construction Financing
As the Second Step in the Development Process, Construction Financing is Available from Breaking Ground until the Take-Out Mortgage