A “Small Balance Commercial Loan” is a loan on commercial real estate less than $10MM in size. These loans are backed by multifamily, mixed-use, office, retail, warehouse, light industrial, self-storage, mobile home communities and other similar property types. A small balance commercial loan is a great fit in the following situations:
At Loan Workout Group , our small balance commercial loans close very quickly… even in as little as 21 – 28 days! Our small balance commercial loans require very little documentation!
What is a small balance commercial loan typically used for? A small balance commercial loan is a loan on multifamily, mixed-use, office, retail, warehouse, light industrial, self-storage, mobile home communities and other similar property types which is underwritten based on the income of the property in place. Small balance commercial loans can be used to finance a range of business needs, including equipment purchases, inventory financing, working capital, and real estate purchases. This can help businesses grow and expand their operations. Small balance commercial loans offer more flexible repayment terms, which can help businesses manage their cash flow more effectively.
| Loan Amount: | $250,000 – $10 Million |
| Term Length: | 1 YR, 2 YR, 5 YR, and 10 YR Terms |
| Max LTV: | Up to 80% |
| Amortization: | Interest only or Full Amortization |
| Interest Rate: | Starting at 6.35% |
| Closing Time: | 14 – 28 Days |
| Loan Use: | Purchase, refinance, cash-out, |
Speak to Financial Advisor +1 – 786-863-8686
Multi-family is a classification of housing where multiple units (5+) for residential use are contained within one or more buildings within one community or complex. At Loan Workout Group, we will lend to real estate investors looking to purchase or refinance multi-family properties with loan amounts of $250,000+.
Retail is any property used for commercial retail space such as a storefront for selling goods or services. Loan Workout Group will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Mixed-use is a type of development that blends residential and commercial uses into one integrated complex or building. At Loan Workout Group , we will lend to real estate investors in the following scenarios: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from $250,000+.
Office is a property classification which generates income from tenants comprised of businesses and professionals. Loan Workout Group will lend to real estate investors and business owners who are looking for a loan for: purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out from $250,000+.
Loan Workout Group will lend to experienced operators with a flag in the hotel and lodging sector. Loan amounts are $500,000+.
Other eligible properties include: Self storage, senior housing, marinas, parking facilities, automotive
Common uses include: Acquisition, refinance, cash-out, renovation / construction
Need to close fast? You can count on us!
Benefits of our Small Balance Commercial Loans:
Speak to Financial Advisor +1 – 786-863-8686
Origination Fee: 1.50% – 2.75% of the loan amount
Underwriting Fee: $1,995+
Legal Fee: $1,995+
Minimum of 1-3 Years based on the Term Length
