Commercial Loans
Capital for multifamily, retail, office and mixed-use property.
What are Commercial Loans?
Commercial loans finance properties used for business or investment: multifamily buildings, retail, office, industrial and mixed-use. Lenders look closely at the property's income and the strength of the borrower.
Structures, terms and rates differ from residential loans, so a custom review is the best starting point.
Benefits
- Purchase or refinance income-producing property
- Options for investors and owner-occupied businesses
- Loan structures built around property cash flow
- Fixed and adjustable options, with a range of terms
- Guidance from application to closing
Requirements
- Property financials such as rent rolls and operating statements
- Business and personal tax returns
- Down payment, commonly 20% to 30% or more depending on the property
- Debt service coverage that supports the loan
- Commercial appraisal and environmental review
- Loan terms are often shorter than the amortization period
Frequently asked questions
What properties qualify?
Multifamily, retail, office, industrial and mixed-use properties, among others.
How is a commercial loan different from a home loan?
The property's income matters as much as your personal credit, and terms are typically shorter.
How much down payment is needed?
It varies with the property type and loan structure. Expect more than for a home loan.
Can I refinance an existing commercial loan?
Yes. We can review options to lower the rate or access equity.
Programs, rates and eligibility are subject to change and to underwriting approval. This page is general information and not a commitment to lend.
Get pre-approved for a Commercial Loan today
Register through our secure online application and get your pre-approval or rate quote faster.