We finance a wide range of commercial properties including multi-family apartments, office buildings, retail centers, industrial warehouses, hotels, mixed-use developments, and special purpose properties. Each property type has specific requirements and loan programs designed to meet unique financing needs.

Our minimum loan amount typically starts at $500,000 for commercial properties. We specialize in loans ranging from $500,000 to $50 million, with the ability to handle larger transactions through our network of institutional lenders. The specific amount depends on property type, location, and borrower qualifications.

The timeline varies based on the complexity of the transaction. Simple refinances can close in as little as 30 days, while purchase transactions typically take 45-60 days. Bridge loans and special situations can often be completed in 2-3 weeks. We provide pre-qualification within 48 hours and work diligently to meet your closing deadlines.

Required documents include: personal and business tax returns (last 2-3 years), personal financial statement, rent roll and operating statements for the property, property insurance information, purchase agreement (for acquisitions), and business formation documents. Additional documentation may be required based on the specific property and transaction structure.

While requirements vary by lender and loan program, most commercial mortgages require a minimum credit score of 650-680. However, the property's cash flow and debt service coverage ratio are often more important than personal credit. We work with borrowers across the credit spectrum and can identify programs that fit your unique situation.

DSCR measures a property's ability to cover its debt obligations from operating income. It's calculated by dividing the property's net operating income (NOI) by the annual debt service. Most lenders require a minimum DSCR of 1.20-1.25, meaning the property generates 20-25% more income than needed to cover the mortgage payment. Higher DSCR ratios can qualify for better terms.

Most commercial mortgages include prepayment penalties to protect the lender's yield. These can be structured as yield maintenance, defeasance, or declining prepayment penalties (such as 5-4-3-2-1). Some loans offer partial prepayment privileges, and certain bridge loans may have no prepayment penalties. We'll help you understand the prepayment terms and find options that align with your exit strategy.

Non-recourse loans limit the lender's recovery to the collateral property only, protecting your other assets. Recourse loans allow the lender to pursue your personal assets if the property doesn't cover the debt. Non-recourse loans typically require stronger properties, experienced borrowers, and may have slightly higher rates. Most commercial loans are non-recourse with standard "bad boy" carve-outs for fraud, misrepresentation, or bankruptcy.