Commercial Mortgage Loans
A commercial mortgage is a mortgage loan granted to different type of businesses secured by commercial property. Commercial loans are available for both owner-occupied and investor properties, including office building, shopping center, industrial warehouse, or apartment complex and various other property types. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
Commercial Mortgage Property Types: Multifamily, Office, Industrial, Retail, Hotels Mixed Use, Land, Special Purpose and more.
When getting a commercial mortgage consider nonrecourse vs. recourse loan. Nonrecourse commercial mortgage can become very beneficial in certain situations. Such as in the event of default with a nonrecourse loan, the bank can only take back the property. If you still owe more money than the property is worth, you will not have to pay any more.
There are various terms available to commercial clients:
- Fixed Rate Mortgage (FRM)
- Adjustable Rate Mortgage (ARM)
- Balloon Mortgage
- Interest Only Mortgage
We are ready to fund long term Commercial Loans nationwide, on all property types with a solid long term strategy and at standard market leverage for the asset type. We specialize in Bank turn-downs. We have capital ready to inject into all viable projects with common sense underwriting.
We offer commercial loans for any type of real estate situation. Our committee meets virtually 3 times a week, so you can get the money you need fast. With our Hard Money loan you can have the cash you need in a few days.
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Affiliated Capital Funding the Commercial Capital Division of Prime 1 Bancorp, LTD