What is a commercial loan and why may you be interested?
A loan made to a business, rather than a loan made to an individual for personal use. Whether you're looking to purchase, refinance, fix & Flip, or need a bridge loan we can assist you!
What are minimum requirements?
Must be a business
LLC
- Operating agreement
- IRS tax ID
- Articles of organization
- Good standing letter dated within 60 days from Sectary of State
Corporation (S or C)
- Article of Incorporation
- Stock certificate
- Corporate resolution
- Bylaws
- Good standing letter
- IRS tax id
- Voided check from corporation
Personal
- Personal Guarantor
- 2 months of personal or business bank statement
- Date of Birth
- Social Security Number
- Driver license
- Employment information
What are the Commercial Property Types?
- Office building
- 1-4 unit or 5+ investment property
- Restaurants
- Daycare
- Adult care facility
- Apartment complexes
- Gas Stations
- Medical facility (doctor offices)
- Hotels
- Retail Storefronts (Salons, Boutiques, Coffee Shops)
- Mix-use
- Cannabis
- Mobile home park
- Self-storage
- Industrial warehouse
- Mechanic shops