Lenders should be more upfront about their commercial loan requirements. It’s important to know what kind of loans a lender is likely to approve – and what kinds of transactions simply fall outside their box.
Unfortunately, lenders don’t always make this information readily available. It’s almost like they want to capture as many multifamily and commercial loan applications as possible, even if it means issuing large-scale rejections later on in the transaction process.
There’s a better way to do business.
We’re going to show you the property and borrower characteristics that make a great fit for Commercial Direct lending programs.
We’ll even tell you what we DON’T do.
So let’s get right to it.
Commercial properties are far more diverse than the houses that make up your average neighborhood. While restaurants and self-storage facilities have little in common, they both qualify as standard commercial property types.
Our team understands the ins and outs of a wide range of commercial properties. Here’s the list of property types that are eligible for Commercial Direct loan programs:
But it’s just as important to know what types of properties we won’t approve. Knowing this information can save you time when you’re hunting for the best loan solution.
Take a look at our list of ineligible property types below:
To get a better idea of the solutions we can provide for different types of commercial properties, head over to our Success Stories page. You can read about real-life success stories that borrowers like you have been able to create with our team’s help.
Are you an investor or small business owner in need of a commercial loan? Despite your solid credit score, are you finding it difficult to work with your local bank?
If so, you could be a perfect fit for Commercial Direct’s alternative lending solutions!
We’ve stripped the number of commercial loan requirements to give you the freedom to customize your commercial loan so it meets more of your specific needs.
This can make a big difference if you’re struggling to provide the tax returns most traditional lenders require, or if you have a larger cash-out request than your bank is willing to accommodate.
Here are some of the most common reasons borrowers like you choose Commercial Direct:
Commercial Direct is a division of Silver Hill Funding LLC, a nationwide lender. We do business in all states except Delaware, Idaho, Hawaii, Michigan, Montana, North Dakota, Nevada, South Dakota, Tennessee, Vermont, West Virginia, and Wyoming.
Like many commercial lenders, we focus on urban and suburban regions. If you want to finance a property located in a rural area, you may want to look elsewhere for your commercial mortgage solution.
Let’s close by taking a look at the type of loan you can secure with Commercial Direct. Keep in mind that customization is a big part of our transaction process – you can choose between a wide range of options and terms to design a loan that truly works for you.
Want to see what kind of solution you can create for yourself? Try our Loan Customizer now – it only takes a minute to get a clear picture of the type of loan you can get with Commercial Direct.
So you’ve just taken a quick look at our commercial loan requirements. Are you ready to take the next step?
The easiest way to get in contact with one of our commercial mortgage experts is to tell us a little about your loan request right here. We’ll tell you more about our process and give you easy next steps so you can get closer to securing a commercial loan on your own terms.
Don’t let lender fees catch you off guard – here are all the fees you can expect from submission to closing.
Faster closings and more flexibility are just a couple ways partnering with a direct lender can be beneficial for your next commercial loan.
LTV? DSCR? NOI? We break down a few underwriting terms to help you better understand the commercial mortgage transaction process.