In order to prevent unnecessary costs and to ensure a quality appraisal of your property, our lender chooses the appraisal firm that is used. The appraisal fee is a third party cost and reflects the level of detailed information and complex analysis required of a commercial appraisal, as opposed to a residential appraisal, which requires much less. Our lender will order the appraisal once the upfront appraisal process fee is paid. The sooner you submit payment, the faster you’ll get your money!

Once your loan closes, your loan payments will be automatically debited from your account on a monthly basis using an automatic payment withdrawal (APW) service. The APW service is the most hassle-free way to set up your loan, eliminating the possibility of late or missed payments.

A liberal 90% CLTV is offered to assist buyers who are able to obtain secondary financing in the event that they have limited cash assets to buy commercial property. In other words, you can get a commercial loan with as little as 10% down!

Our lender performs an environmental due diligence on every commercial property that is being considered as collateral. This is to ensure that your property is free of any environmental issues that may delay or prevent the funding of your commercial loan.

The Loan Commitment Letter shall automatically expire unless the lender receives payment for the appraisal within thirty (7) business days from the date of this Commitment letter. Don't delay, send your payment today.

With both fixed and adjustable rate programs available, you're bound to find a payment to fit your budget.

Your loan is a 30 year fully amortizing term. The advantage of a fully amortizing loan is that you will not be required to make a balloon payment at any point in the future. While many lenders structure their loans with balloon provisions, these terms can be very costly to borrowers because it forces them to seek new financing in the near future. The peace of mind that a fully amortizing loan brings to your business is extremely important.

The LTV is a ratio that represents the amount of the loan as it pertains to the value of the commercial property. For example on a million dollar property a $900,000 loan would equal 90% LTV.

A pre-payment penalty is a common feature with commercial loans. Since your loan is not designed to be a short-term financing solution, our lender charges a pre-payment penalty to be imposed in the event of an early payoff. The pre-payment penalty does not prevent the payoff of a loan, but rather it is an agreement to pay a penalty for early pay off. Up to 20% of the principal balance of your loan can be paid off within any 12 month rolling period without a pre-payment event occurring.

Unlike other financial institutions our lenders do not require an escrow account to be established to cover the taxes and insurance premiums due for the subject property