Looking for a commercial loan? Commercial lending is needed
from time to time in order for businesses to overcome financial
hurdles they are faced with. At some time or another, almost
every business in existence today has to make use of some type of
loan. Today, there are more lenders available to loan money to
businesses than there ever has been in the past. Virginia
Mortgage offers financing for small balance commercial loans that
are from $100,000 up to $1.5 million using our network of mortgage lenders
and correspondents. Our small balance commercial lending program
for commercial loans range from $100,000 up to $1.5 million and
is a simple and easy way to get the money you need quickly and
with out the red tape.
Commercial Loan Program
Highlights:
By
incorporating many attractive features, our commercial loans
address the critical needs of borrowers: preferential terms, ease
of process and quick execution of your commercial
loan.
- Bank competitive
pricing
- 48-hour pre-approvals
- Unlimited cash out
- High LTVs and CLTVs
- Rate locks available
- Owner occupied or investor
properties
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- Streamlined
underwriting
- Subordinate financing
permitted
- Long terms and
amortizations
- Quick closings
- Multiple pricing
options
- Minimal
costs
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Commercial Lending
Programs:
There are two basic rate types to choose from when applying
for commercial mortgages--fixed rates and variable or
adjustable rates. Fixed rates are
"locked" rates that do not change over the course of a
loan. Fixed rates are most advantageous when market rates are low
compared to historical averages. That way, when Federal Reserve
rates rise, the borrower's
interest rate is locked in tight.
Variable interest
rates, on the other hand, fluctuate in line with interest rates
set by the Federal Reserve. When market rates are at historic
lows, variable interest rates will be low; but as soon as market
rates begin to rise, they will pull variable rate mortgages right
along with them. This makes variable interest rates a bit of a
gamble. Most investors look to variable rates only when overall
market rates are high and will likely come down over the course
of a loan. Virginia Mortgage Bankers, LLC commercial loan
benefits:
- NO lender points
- NO yield maintenance
- NO loan to one borrower
limits
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- NO mandatory lockouts
- NO loan
committees
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Our commercial loans are
ideal for borrowers who:
Commercial loan brokers often prove to be an invaluable
resource for investors looking to buy business property.
Commercial loan brokers understand the intricacies, tricks, and
traps of financing commercial real estate deals. Their clients
are far less likely to fall victim to the pitfalls of
real estate investing. Home loans are often fairly simple. A
borrower decides between a fixed or variable rate loan and signs
on the dotted line. Commercial mortgages are far more
complicated. There are many different mortgage products from
which a borrower can choose when buying commercial real estate.
The loan values for commercial real estate are often far greater
than home loan values as well.
-
High credit with 640+ middle
score
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Low debt relative to their
income
-
Willing and able to fully document
their income
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At least 2 months of principal and
interest payments in liquid assets
-
No late mortgage payments on any
property in the last 12 months
-
No bankruptcies within the last 7
years.
For more questions
on commercial loans contact us at Virginia Mortgage Bankers, LLC today for
an commercial loan quote and we will be happy to discuss all your
commercial loan options! Or you can use our quick and easy
online application for
commercial loans!
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