Term Loans for the Buildings a Rental Program
Thirty-year fixed-rate financing on office, retail, industrial, self-storage and automotive property, mixed-use buildings, and multifamily of five or more units - qualified on the property, not your tax returns.
A strip center. A store with apartments above it. A six-unit building. A warehouse your own business runs out of. The rental programs stop at the door; this one is built for what is behind it. And for the investor with real equity and a bruised credit report, the same program carries an equity loan that does not ask for a score.
The property carries the loan.
A commercial and mixed-use term loan is long-term financing on income-producing real estate that is not a 1-4 unit rental: commercial buildings, mixed-use buildings, and apartment buildings of five or more units. It is a thirty-year fixed-rate loan for a purchase, a rate-and-term refinance, or a cash-out refinance.
Qualification reads the asset the way an investor does: the value, the loan against it, the property type and zoning, and a simple documentation file. No tax returns drive the decision. An owner-user business may occupy its own building on this program.
Send the address, the property type, the loan amount and the value or price, and we will tell you where it lands.
- Office
- Retail and storefront
- Industrial and warehouse
- Self-storage
- Automotive
- Mixed-use buildings
- Multifamily, five or more units
Long-term money, plainly stated.
Every figure here is a program maximum, not a quote. The file, the appraisal and the zoning decide the number, and rate, points and fees are quoted per file with the terms.
On multifamily and mixed-use property. Up to 70% of value on commercial property. Larger loans and first-time investors carry lower maximums.
One property per loan. Purchase, rate-and-term refinance, or cash-out refinance.
Fully amortizing, with an interest-only option for the first five years. Taxes and insurance are impounded. A step-down prepayment that can be shortened a year at a time.
Individuals or entities. Foreign investors are welcome at a lower maximum. A business may occupy its own commercial or mixed-use building with its license and two years of history.
Real equity. Bruised credit. Still a loan.
The same program carries a thirty-year loan at up to 50% of value that is qualified on the equity in the property rather than on a credit score. A recent bankruptcy or foreclosure is not a stop. Title can be as fresh as one day. It is available on every property type on this page and on 1-4 unit rentals too.
The equity is the underwriting. Half the value stays in the property.
The property type, the value and the loan against it, not a score.
A bankruptcy or foreclosure in the recent past does not close the door.
Long-term money, so the property can recover the borrower's credit at its own pace.
Terms after review, in the open.
Commercial and mixed-use requests receive terms after review rather than on the spot. The steps are the same on every file, and we tell you where yours sits.
- Send the property, the loan amount, the value or price, the purpose and the zoning
- We confirm the zoning and use up front, then complete the application with you
- A conditional loan agreement sets out the terms; the appraisal is scheduled once you accept it
- An environmental review follows on commercial and mixed-use property
- Formal conditions come after the valuation is reviewed; we clear them with you
- Documents are drawn and the loan closes through title and escrow
- The property address and type, with the unit count on multifamily and mixed use
- The requested loan amount
- The purchase price, or the value and existing debt on a refinance
- Purchase, refinance, or cash-out
- Whether your own business will occupy the property
- The zoning designation from the property profile
- The entity that will hold title, if any
Commercial and mixed-use, answered straight.
What is a commercial and mixed-use term loan?
Thirty-year fixed-rate financing on income-producing commercial real estate - office, retail, industrial and warehouse, self-storage, automotive - and on mixed-use buildings and multifamily of five or more units. It is qualified on the property and a simple documentation file rather than on your tax returns, and it works for a purchase, a rate-and-term refinance, or a cash-out.
What property types qualify?
Office, retail, warehouse and industrial, self-storage, and automotive property; mixed-use buildings with commercial space and apartments; and apartment buildings of five or more units. Land, hotels and special-use property are quoted case by case or not at all. Business purpose only.
How much can I borrow?
Up to 75% of value on multifamily and mixed-use property and up to 70% on commercial property, with loans from $100,000 to $5,000,000. Those are program maximums, not a quote; the file, the appraisal and the zoning decide the number.
What is the equity loan?
A thirty-year loan at up to 50% of value that is qualified on the equity in the property rather than on your credit score. A recent bankruptcy or foreclosure is not a stop, and title can be as fresh as one day. It is available on every property type on this program and on 1-4 unit rentals too.
Can my own business occupy the building?
Yes. An owner-user business may occupy a commercial or mixed-use property on this program. Expect to provide the business license and evidence that the business has been operating for two years or longer. A property you or your family will live in does not qualify; these are business-purpose loans.
How does qualification work?
The property carries the loan. We look at the value, the loan amount against it, the property type and zoning, and a simple documentation file - identification, evidence of insurance, leases on a refinance, the purchase contract and deposit on a purchase, proof of funds to close, and entity documents where title is held in an entity. No tax returns drive the decision.
How fast will I get terms?
Commercial and mixed-use requests receive terms after review rather than on the spot. A conditional loan agreement comes first; the appraisal is scheduled once you accept it, an environmental review follows on commercial and mixed-use property, and formal conditions come after the valuation is reviewed. Three to four weeks from an accepted agreement is a fair expectation.
Why do you ask about zoning so early?
Because the zoning and the actual use decide whether the property fits the program before anyone pays for an appraisal. Send the zoning designation from the property profile with your request and we confirm it up front.
Is there a renovation or fix-and-flip option for commercial property?
No. This program is for stabilized property. Renovation financing is available on 1-4 unit residential property through our fix and flip program, and a bridge loan can carry a commercial property that needs a short hold before a longer-term loan.
Where do you lend?
Nationwide, on the same footprint as our bridge and DSCR programs. Availability remains subject to the property, underwriting, documentation, and applicable law. See every state on the Where We Lend page.
Do you work with brokers?
Yes. Brokers get a fast scenario review and a straight answer on whether a commercial, mixed-use or multifamily file fits, and can price and submit through the broker portal. Visit the Partners page to get started.
Send Us the Building.
The address, the type, the amount, the value. We will confirm the zoning, tell you where it lands, and come back with terms after review.