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Lender411.com >> Articles >> Commercial Mortgage
Ulysses Fletcher

Commercial Loan

Tuesday, August 9, 2011 - Article by: Ulysses Fletcher - Message

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Commercial Mortgage Loans

Commercial mortgage loans differ from residential mortgages primarily because they're used to finance commercial property. The property may technically be a residence, but if it's used as a commercial venture - for example, a large apartment building rented out for its income potential - a commercial real estate loan is generally required. There are two types of Commercial Loans: Owner Occupied and Investment (Non-Ownwer Occupied).

National Commercial Property Loans provides financing for a variety of Commercial Properties:

1.Recourse or Non-Recourse loans available

2. Purchase
A. $500,000 to $25,000,000
B. CLTV's up to 90%

3. Refinance
C. Rate and Term
i. LTV up to 80%
D. Cashout
i. LTV up to 75%
ii. $500,000 to $25,000,000

4. Construction
E. $1,000,000 to $25,000,000
F. Conventional LTV up to 80%
G. One time close loans available
H. SBA loans up to 90% CLTV

5. Types of properties
.
oMultifamily / Apartments
oSenior Living and Assisted Living
oGas Stations/ C Stores / Car Washes
oSelf-Storage
. Hotel / Motel
. Light Industrial
. Mixed use
. Mobile Home Parks
. Office
. Retail
. Self Storage
. Warehouse
. Industrial
. Day Care
. Restaurants
. Many others also available

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