Bay Area Capital Commercial

Commercial Loan Program for all CRE types

In our current market, the banks want everything perfect.....everything. This works for maybe 10% of the US market who have perfect buildings, tenants, financials, and equity. Basically, to get a bank loan with the bigger banks these days, you have to prove that the loan represents zero risk; otherwise they will show you the door.

So for the rest of us, what options do we have?

Hard money is always there, ready and willing to fund your loan - at a steep cost however. Usually Hard money is over 9% in rate, with 4 points not uncommon.

Isn't there something in-between? For several years there was not, but gradually some companies are moving into this middle ground, and these programs offer a more affordable alternative to hard money.

Here is one of our favorite programs, available for all types of commercial properties:

• LTV up to 85% of value
• needs 700 credit score
• property condition should be good to excellent
• cash out possible but only for capital improvements (fund control)
• Pricing approximately 4.875% - 5.75%
• Usually 2.0 points total
• 24 month prepay
• 25 year amortization
• Construction and rehab considered

Program is approved for industrial, retail, multi-family and apartment, mixed use, office buildings and parks, parking facilities, storage facilities, trailer parks and mobile home parks