SBA Commercial Real Estate Loan Programs
Designed specifically for financing owners occupied commercial properties, such as office buildings, retail spaces, warehouse, medical and more! Small Business Administration (SBA) mortgage loan programs are designed to help small business owners and entrepreneurs finance the purchase or refinance of commercial real estate properties
SBA Commercial Real Estate Mortgage Loan Highlights
- Property types allowed: SBA mortgage loan programs allow borrowers to finance a variety of commercial real estate properties, including:
- Multi-use buildings, such as retail stores with apartments above them
- Office buildings
- Self-storage facilities
- Medical or dental buildings
- Hotels or motels
Maximum LTV: The maximum loan-to-value (LTV) ratio for SBA 7(a) loans is generally up to 90% of the appraised value or purchase price of the property, whichever is lower. However, for SBA 504 loans, the maximum LTV is generally up to 85% of the appraised value or purchase price of the property.
Eligibility: To be eligible for SBA mortgage loan programs, borrowers must meet certain criteria, such as:
- The business must be considered a "small business" according to the SBA's size standards.
- The property must be owner-occupied, meaning that at least 51% of the property's square footage must be used by the borrower's business.
- The borrower must have a good credit score, typically above 680.
- The borrower must have sufficient cash flow to repay the loan.
- Terms and conditions: SBA mortgage loan programs offer competitive interest rates and long repayment terms of up to 25 years, depending on the program and the lender. Additionally, borrowers may be required to provide collateral, such as the commercial property being financed, and personal guarantees.
It's important to note that SBA mortgage loan programs are only available through participating lenders, such as banks and credit unions, that have been approved by the SBA to offer these loans. Borrowers should research and compare lenders to find the best loan terms and conditions for their business needs.
Commercial Loan Program Terms:
- Up to 90% LTV Purchase
- Up to $100M Loan Amount
- 5-100 Units
- No Employment or Income Verification
- Close in an LLC or Entity
- Multi Family, Mixed Use, Retail/Office, Hospitality, Apartments, Senior Housing +more
- Rehab and Ground Up Construction Available
- Flexible Amortization Options