Commercial mortgages finance income-producing property: apartment buildings of five units or more, mixed-use, retail, office, warehouse and special-purpose assets. They are underwritten on the property's economics rather than on a household budget.
Lenders look at net operating income, the debt service coverage ratio, the condition and occupancy of the building, and your experience as an owner or operator. Structures vary: fixed and adjustable terms, interest-only periods, balloon maturities and recourse or non-recourse options all sit on the table depending on the asset.
We arrange purchase, refinance and cash-out commercial loans, including for borrowers holding title in an LLC. Bring us the rent roll and the operating statements and we'll shop the file.
