Real Estate Financing
Businesses looking to meet their commercial property needs can rely on commercial real estate loans for secure and tailored financing solutions.
What is a Commercial Real Estate Loan?
Businesses seeking to acquire, develop, or construct new commercial properties, as well as those with existing commercial real estate, find commercial real estate loans to be an ideal financing solution. The application process involves businesses seeking a secured loan (sometimes referred to as a mortgage) backed by liens on the commercial property. It’s important to note that these loans exclusively pertain to commercial properties, distinguishing them from residential properties. Given the commercial nature, the terms and rates of these loans may vary from traditional residential mortgages.
How To Use This Kind of Financing
The utility of this financing is versatile, allowing businesses to apply without the necessity of acquiring new property. This loan accommodates various needs, including refinancing or renovations for existing business real estate, in addition to facilitating the acquisition of new real estate. Both small business owners and large corporations may qualify for this type of loan. It’s crucial to recognize that this financing differs significantly from the traditional residential mortgage typically used for purchasing or refinancing residential properties. Beyond the distinct terms and rates mentioned earlier, the requirements and application process also exhibit notable variations.
Fix N Flip
Loans for investors who are buying distressed properties, rehabbing, and selling.
New Construction
Tailored loans for builders with shovel-ready lots or teardown projects, covering spec houses, model homes, infill, teardowns, or subdivisions.
Rental
Financing solutions for real estate investors aiming to lease individual properties or portfolios, providing options for refinancing or acquisition.
Multifamily
Financing options for investors acquiring distressed multifamily properties, requiring capital expenditures and rent increases to stabilize and enhance value to meet current market standards.
Loan Amount From $75,000 - $25,000,000
Real Estate Financing Details
Qualifying Criteria:
- 650+ personal credit score for LTVs over 50%
- 620+ personal credit score for LTVs 50% or less
- 12+ months mortgage history
Required Items:
- Signed one page funding application
- Lease agreement required for subject property on refinance transactions
- Details on the property to be acquired
No Application Fees
Advantages
- Businesses that often do not meet the criteria for traditional bank loans may be eligible.
- Boasting substantial loan amounts and favorable rates, these small business loans prove ideal for fueling growth initiatives.
Disadvantages
- A down payment may be necessary from the borrower.
- Collateral might be necessary, and individuals with low credit may not receive approval.
Why Choose Us?
Different from conventional banks and other alternative lenders, BHS Business Funding places genuine importance on your business. Your prosperity holds the utmost significance for us, and we are committed to avoiding excessive financial commitments that your business might find challenging. Our uncomplicated application process, coupled with swift approvals, facilitates the seamless acquisition of the working capital essential for your business. Moreover, our seasoned funding consultants are dedicated to guiding you through every stage of the process.