Contact us to learn more about Mortgage Financing

Call us at (212) 931-6858 to speak to a loan specialist today.

Mortgage Financing - Simplified

1

How funding works

  • A lien is put on a currently-owned property in order to obtain funds for any purpose
  • A lien is put on a property that you are looking to buy in order to obtain funds for its purchase

2

Rates are based on

  • The security and length of the loan
  • The loan to value ratio
  • Your credit

3

Ask Yourself

  • Do you own any commercial property?
  • Are you looking to buy any commercial property?
  • Is the commercial property currently producing income?
  • Is there any debt on the property?
  • How many units are on the property?

4

Required documents

  • Profit and loss statements
  • Property info: appraisal or broker’s opinion of value (BOV)
  • 3 most recent years tax returns
  • Personal financial statements – updated within last 60 days

5

Good to know

  • Mortgage financing is only available for income-producing property
  • The most common way for a property to produce income is by having tenants
  • A property with both a business and a tenant on it is referred to as a mixed use property

Apply now!

Learn more about our mortgage financing options:

  • Our real estate financing professionals will walk you through every step of the loan process and get you the most favorable terms for your commercial mortgage needs.
  • Our mortgage experts and commercial underwriters will identify the right solution for your small business needs. Options include:
    • Fixed rate loans — the most common financing solution to take on real estate. These mortgages have a fixed interest rate and payment for the full life of the loan.
    • Construction loans — provides the capital necessary to cover construction costs for a real estate project.
    • Bridge loans — a higher interest rate, short-term loan that serves  as a source of capital until a person or company secures permanent funding.
    • Mezzanine loans — a high return option that helps a business increase its cash flow   and show a higher bottom-line profit.
    • Land loans — used to finance the purchase of a plot of land or vacant lot.
    • Agency loans — loans issued by Fannie Mae, Freddie Mac, or Ginnie Mae (the three government-backed agencies that guarantee mortgages).
    • Preferred equity — alternative financing option that represents an unsecured ownership interest in the company.
    • Commercial mortgage-backed securities (CMBS) — fixed-income investments backed by mortgages on commercial properties rather than residential real estate.

 

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100

Specialists

Over 100 funding specialists to keep you going

15

Financing options

15 financing options and small business products

$2M

Funding up to

Unsecured funding up to $2,000,000

48

Hours

Get funding in 48 hours

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