COMMERCIAL LOANS:

When it comes to Commercial Loans, there are just about as many Loan types as there are Property types. Commercial Loans are typically the driving force for larger projects such as purchasing a Shopping Center or building an Arena, but a Commercial Loan can also be used for more subtle objectives such as buying a Storefront Property for your Flower Shop, or to Refinance the Building owned by your Restaurant. Typically, Commercial Loans have shorter-term commitments as compared to Residential Loans. Also, a Commercial Loan is not really ideal for the cash-strapped Borrower because you need substantial resources upfront in order to obtain them. Typically, for a Commercial purchase, you can expect a minimum Down Payment of at least 20% to 35%. Depending on the specific scenario, the Down Payment can be even larger and it all depends on your personal credit, liquidity, and experience, and the Property’s type, usage, and performance.

(*We will consider ALL Property types but here are a few of the most popular)

Property Types	Max LTV	Min DSCR
Owner-User Properties:	90%	1.25
Apartment / Multifamily:	85%	1.15
Healthcare / Senior Housing:	85%	1.2
Condominium Conversions:	80%	1.25
Retail: Anchored:	80%	1.25
Retail: Unanchored:	75%	1.3
Mobile Home Park:	80%	1.2
Office / Medical Bldg.:	80%	1.3
Industrial / Warehouse:	80%	1.25
Self – Storage:	80%	1.3
Gas Station / C-Store:	80%	1.45
Mixed-Used / Special Purpose:	80%	1.35
Single Tenant “NNN”	80%	1.25
Hotel / Motel (full & limited):	75%	1.5
Golf Course / Resort / Gaming:	70%	1.5