Commercial Mortgages

Banks and credit unions generally provide some of the lowest rates available in the market, making them attractive sources of debt for many businesses. These lenders will finance a broad range of property types and are usually flexible with uses of funds. Financing may be used to acquire, develop, construct, or rehab commercial property, as well as to refinance existing debt, or consolidate multiple loans. These lenders provide an assortment of products including fixed and variable rate structures.

Property Types:
Industrial | Retail | Office | Multifamily | Special Purpose | Land
Use:
Investment | Owner Occupied | Partial Owner Occupied
Turnaround Time: 30 to 60 days

There are lots of reasons for small business owners to choose the SBA 504 loan. This economic development loan program was designed to promote business growth and job creation. With a maximum loan to cost of ninety percent (90%), the 504 program works by distributing the loan among three parties. The business owner puts a minimum of 10%, a conventional lender (typically a bank) puts up 50%, and a Certified Development Company (CDC) puts up the remaining 40%. These programs can be structured to have no balloon payments, calls, or covenants, which are often features of conventional commercial loans which are not in the best interests of small business owners. SBA 504 Loans give business owners more control, more peace-of-mind, and less lender micro-management.

Use:
Owner Occupied ≥ 51%
Property Type:
Industrial | Office | Owner Occupied Retail | Land for Owner Occupied Construction
Turnaround Time:
45 to 60 Days

The standard 7a program, is a flexible way to finance your investment whether it is a real estate related transaction or a business acquisition. Our experience can simplify your application process. You get the benefit of government-backed financing without the typical frustrations. An SBA 7a is a flexible loan that can be the perfect funding source specialty properties that some conventional lenders may not have an appetite to lend against. This program offers loan amounts as small $150,000.00 with a maximum loan amount of $5 Million.

Property Types:
Hotels | Gas Stations| Assistant Living Facilities| Self-Storage
Turnaround Time:
45 to 60 days

Commercial mortgage-backed securities (CMBS) loans are off balance sheet mortgages that provide higher Overall Loan-to-Value (LTV) Ratio, lower interest rates, and more aggressive mortgage structures for stable income producing multitenant assets. CMBS loans are typically non-recourse loans that materially comply with a standardized set of requirements (e.g., single-asset borrower) and have a term option between five, seven, 10 or (rarely) 15 years. The loans may provide post-closing advances for value-add opportunities such as, tenant improvements, but the vast majority of principal is advanced at the closing of the loan.

Property Types:
Multi-Tenant Retail | Office Buildings | Hotel | Multi-Tenant Industrial | Multi-Family
Turnaround Time:
45 to 60 Days

Typically, the mortgage size for this program range between $10Million on the lowest end all the way to $300 million or more for single assets and much higher por portfolio type of transactions. This debt structure can be composed of club loans with a leading lender, single agency participation, of other sophisticated structures in order to meet the borrowing needs. Loan to value typically can be as high as 75% depending on the quality of income and asset. Normally these type of mortgage products are non-recourse to borrower except for standard carveouts.

Property Types:
Office | Industrial | Multifamily | Retail | Ground Leased Land | Credit Lease Transactions
Turnaround Time:
30 – 60 Days

These two agency mortgage programs provide suite of flexible solutions to help you thrive with a streamlined underwriting, quick closing, and smooth execution that is predictable and reliable for acquisition of stabilized multifamily investments. Typically, this are Non-recourse mortgages that are available with standard carve-outs for “bad acts” such as fraud and bankruptcy. Replacement reserves may be waived for certain transactions. Replacement Reserve, tax, and insurance escrows are typically required for higher leverage transactions. One of the biggest benefits that this program allows, when compared to conventional banks, is that the amortization can be extend as far as 30 years. This is the lowest cost mortgage program, with the most competitive rates that you can find for Multifamily acquisitions.

Property Types:
Multifamily ONLY
Turnaround Time:
25 to 45 days

Whether you are a Medical, Dental, or Veterinary professional, we are here to work with you to develop strategies that will lead you and your business to move forward in securing your own commercial real estate space. We understand and work with some on the leading providers of mortgage solutions for professionals within these three categories of medical practice. We understand the difficulties and time challenges of running a practice and this makes us the right fit to help you map a strategy that will lead you to ownership. Stop Leasing, we have programs that could go as high as 100% financing for qualified professionals.

Property Types:
Retail | Office | Stand Alone Assets
Turnaround Time:
30 to 60 Days

A commercial construction loan is a type of loan that is used to finance the costs associated with the construction or renovation of a commercial building. The funds from a construction loan can be used to pay for labor and materials (Hard Cost) for the construction of a new property, the purchase and development of land for a new owner-occupied commercial property, or the renovations of existing properties.
Real estate developers, business owner’s with customized need for space, or experienced investors can benefit from our commercial real estate construction underwriting expertise. With your vision and expertise, paired with our team’s expertise, we can navigate these challenges together and provide the right commercial real estate construction financing solution for your project. No matter what the circumstances, many businesses face a situation where real estate construction or improvements are the next steps for business expansion.

Property Type:
Warehouse | Office | Stand Alone Buildings | Retail
Turnaround Type:
Depends on scope of the project.

Bridge loan is a short-term loan that provides financing to acquire a property when traditional financing solutions are unavailable or impractical due to timing restrictions or where the property is unstabilized. Bridge loans are typically arranged quickly, even in a matter of a few days, with relatively little documentation. As private short-term loans, they have higher rates and fees versus conventional or permanent financing and can be non-recourse based on the characteristics of the deal.

Property Types:
Industrial | Retail | Multifamily | Office | Specialty Purpose | Residential
Turnaround Time:
2 to 4 Weeks

A hard money bridge, also know as Hard Money or Private Mortgage, is a short-term loan that provides financing to acquire a property when traditional financing solutions are unavailable or impractical due to timing restrictions or where the property is unstabilized. These funds are strictly short-term mortgage solutions that are primarily based on asset quality (Collateral). As private short-term loans, these mortgages are funded through individual private investors, or institutional funds that weight their investment risk based on asset quality, property type, and quick return on investment. These mortgages have higher rates and fees versus conventional or permanent financing and can be non-recourse based on the characteristics of the deal. JACOG Private fund can place mortgages between $100,000.00 up to $500,000.00. Anything above $500,000.00 will normally be place with a third-party investor.

Property Types:
Industrial | Multifamily | Retail | Office | Specialty Purpose | Medical | All Others
Turnaround Time:
2 to 4 Weeks