Mortgage Financing

How funding works

• A lien is put on a currently-owned property in order to obtain funds for any purpose
• A lien is put on a property that you are looking to buy in order to obtain funds for its purchase

Rates are based on

• The security and length of the loan
• The loan to value ratio
• Your credit

Ask Yourself

• Do you own any commercial property?
• Are you looking to buy any commercial property?
• Is the commercial property currently producing income?
• Is there any debt on the property?
• How many units are on the property?

Required documents

• Profit and loss statements
• Property info: appraisal or broker’s opinion of value (BOV)
• 3 most recent years tax returns
• Personal financial statements – updated within last 60 days

Good to know

• Mortgage financing is only available for income-producing property
• The most common way for a property to produce income is by having tenants
• A property with both a business and a tenant on it is referred to as a mixed use property

Learn more about our mortgage financing and loan options

• Our real estate financing professionals will walk you through every step of the loan process and get you the most favorable terms for your commercial mortgage needs.

Our mortgage experts and commercial underwriters will identify the right solution for your small business needs. Options include:

• Fixed rate loans — the most common financing solution to take on real estate. These mortgages have a fixed interest rate and payment for the full life of the loan.
• Construction loans — provides the capital necessary to cover construction costs for a real estate project.
• Bridge loans — a higher interest rate, short-term loan that serves  as a source of capital until a person or company secures permanent funding.
• Mezzanine loans — a high return option that helps a business increase its cash flow   and show a higher bottom-line profit.
• Land loans — used to finance the purchase of a plot of land or vacant lot.
• Agency loans — loans issued by Fannie Mae, Freddie Mac, or Ginnie Mae (the three government-backed agencies that guarantee mortgages).
• Preferred equity — alternative financing option that represents an unsecured ownership interest in the company.
• Commercial mortgage-backed securities (CMBS) — fixed-income investments backed by mortgages on commercial properties rather than residential real estate.