Commercial real estate loans are traditionally qualified by how well the property “cash-flows.” The property's debt-service ratio (the amount of income produced divided by the amount of expenses the property generates) is used to qualify the loan in much the same way that a borrower’s personal debt ratio is used to qualify a residential mortgage. Due to the high cost of commercial real estate in California, it can difficult for many properties to qualify using the traditional “cash-flow” requirement without the buyer putting down a large portion of the purchase price as down payment. Many lenders have realized this and created programs with lower debt-service requirements, programs which allow using the borrower’s personal income to help qualify for the loan, and even stated-income Commercial loans. Borrower credit and assets are also considered in the underwriting of commercial loans.

Commercial property loans include:

• Multifamily Residence Loans.
• Retail / Office Property Loans
• Industrial Property Loans
• Gas Station Loans
• Medical / Dental Property Loans
• Nursing or Care Facility Loans
• Church Loans
• SBA Loans
• Umbrella or Blanket Financing with Release Clauses
• Commercial Equity Lines
• Commercial Property Construction Loans
• Commercial Land Loans
• and more...

California Commercial Real Estate can be a great investment. Rates and costs can vary dramatically from one bank to the next.  While one bank may offer a competitive solution for one property or mortgage program, another may be the best option for a different scenario.  As an independent mortgage consultant Ernie DeCoite at Financial Mortgage offers you a distinct advantage when obtaining commercial financing.  Ernie has access to the lending products of a wide variety of commercial funding sources included large banking institutions, community banks, private investors and sources that deal exclusively with independent loan originators on a wholesale basis only.  No matter what your unique situation is, Ernie has access to a mortgage solution to fit your needs and the experience to make it happen.  Whoever you work with be sure they're a lender who can educate you about your options so that you can choose the Commercial Mortgage that fits with your long and short-term financial and investment strategy.