Lenders consider commercial real estate loans to be a long-term investment; therefore, the repayment term will be lengthy. This type of loan believed to be an ideal piece of collateral because it will be worth more over time. In which case, lenders are more willing to give longer payment terms. This means that the usual real estate loan term will stretch out to as long as 25 years.Because lenders feel that longer repayment terms are riskier, they will want to know you’re historically a trustworthy borrower before extending the loan. Lenders will look to your personal and business credit score to determine the term length of the loan. Therefore, the higher your credit score is, the longer the commercial real estate loan term will be accessible.
Whenever you want to improve on your business, having some extra cash is a must. Buying equipment, ordering inventory, hiring employees, etc., can be expensive and take a massive chunk out of your wallet. Fortunately, here at Sutton Funding, we can ease the blow and help keep your business running smooth. As you talk to one of our representatives, we will help you understand which type of loan works for your company and whether a term loan is right for you.
What you will need
Driver’s License
Voided Business Check
Bank Statements
Balance Sheet
Profit & Loss Statement
Loan Criteria
Fast Commitments and Rapid Closings On Any Size LoanWhen you’re ready, so are we. Our versatile loan criteria means we close deals that others simply can’t. We have the acumen and flexibility to analyze your special situation and build a loan that meets your goals. We keep the process moving quickly so you’ll have your money in just a few days.
TERM:
Flexible loan term up to 5 years.
PREPAYMENT:
No prepayment penalties.
LOAN TO VALUE:
Up to 75%.
RATES:
Rates from 6% per annum.
CONSULTANCY FEES:
As low as 5%.
LOAN SIZE:
From $1 Million to $50+ Million nationally.
COLLATERAL:
Real estate.
PROPERTY TYPES:
Multifamily, Condo, Office, Retail, Hotel,
Industrial, Mixed-use, Land.
NEW! Ask about the 6&3 Lending Program.
New low 6% rates for Multifamily, Office, Retail
and other qualified properties!
TERM:
Flexible loan term up to 5 years.
PREPAYMENT:
No prepayment penalties.
LOAN TO VALUE:
Up to 75%.
RATES:
Rates from 6% per annum.
CONSULTANCY FEES:
As low as 5%.
LOAN SIZE:
From $1 Million to $50+ Million nationally.
COLLATERAL:
Real estate.
PROPERTY TYPES:
Multifamily, Condo, Office, Retail, Hotel,
Industrial, Mixed-use, Land.
NEW! Ask about the 6&3 Lending Program.
New low 6% rates for Multifamily, Office, Retail
and other qualified properties!
