Commercial Funding Programs

FBC Commercial Funding Programs

commercial real estate appraisl

We Fund Commercial Real Estate. We offer Short Term and Long Term Commercial Funding Programs for Residential and Commercial Real Estate Investors. FBC Funding is a correspondent commercial mortgage lender and broker.  This is a quick overview of Commercial Funding Programs we offer.

 

Long-Term, Small Balance Loans -

Commercial Funding Programs

Small Balance Commercial Funding Loans are business purpose loans for commercial properties and residential non owner-occupied properties owned by a business entity. The reason for the name small balance in commercial financing is that these loans are generally lower than $5,000,000. In these programs the best rates and program options depend on the property type. For every option other than 1–4 unit residential investment properties, the best terms are for loans over $500,000. We offer loan options for smaller loan amounts, but the best terms are for larger loans.

  • Minimum Loan Amount: $100k
  • Minimum Property Value: $150k
  • Maximum Loan Amount: $8MM (higher on case-by-case basis)
  • Rates: 5.5% – 10.5% (rate is dependent upon credit, property type, LTV, etc.)
  • Minimum Credit Score 650 (can go down to 620 for loan amounts > $500,000)
  • LTV up to 80% for purchases and 75% for refinances depending on property types.
  • Terms up to 30 year fixed with hybrid arm and interest only options available as well.

➢ Property Types:

  • Single Family (1–4-unit properties)
  • Multi-Family (5+ Units)
  • Apartment Communities
  • Mixed Use Primarily Residential
  • Mixed Use Primarily Commercial
  • Office
  • Retail
  • Shopping Malls
  • Light Industrial
  • Warehouse
  • Self-Storage

Multifamily 5+ Units Residential and Mixed Use

For small balance commercial loans residential multifamily properties and mixed-use properties that are primarily residential apartments offer the best rates and highest loan to value options. The programs show the minimum loans are $250,000 but we can go lower on other programs at higher rates than listed below. Loan amounts over $1,000,000 can qualify for conventional financing, which offer the lowest rates for experienced real estate investors. In addition to purchase, rate and term refinance, and cash out refinance transactions we offer rehab and value add financing for these properties. These are great options for investors looking to grow their investment portfolios and to increase property values as well. Rates depend on property type, loan amount, loan to value, credit and experience.

  • Minimum Loan $250,000
  • Maximum loan $30,000,000
  • Purchase / Refinance Rehab Value Add – Rates starting at 7%
  • Purchase / Refinance Long Term Rental – Rates Starting at 4%
  • Purchase / Refinance Bridge Loan – Rates Starting at 7%
  • Purchase / Refinance Portfolio Loan – rates Starting at 4%

Bridge Loans: Short Term Commercial Funding Programs

A bridge loan is a short term loan ranging from 6 months to 3 years with most being 12 month terms. The rates and points are generally a higher than long term loans and they usually do not have a prepayment penalty. The purpose of these loans are quick close to stabilize a property or improve the finance financials of the investor to refinance the loan to long term lower interest rates or to just sell.

  • $250,000 – $70,000,000+ Loan Amounts
  • Rates 5.5% – 11.99%
  • LTV 65% – 85% (depending on property type)
  • Interest only, no Prepayment Penalty
  • 1–2-year term, up to 3 years with extensions
  •  Line of Credit can be added to the funded amount, with no interest charged until used

➢ Loan Types:

  • Acquisition
  • Refinance – Rate & Term and Cash Out
  • Equity Recapture
  • Renovation

➢ Property Types:

  • Condo Inventory
  • Industrial (Owner Occupied and Rental)
  • Office (Owner Occupied and Rental)
  • Residential (1-4 units)
  • Mixed Use
  • Mobile Home Parks
  • Parking (income producing only)
  • Multi-family, Self-Storage
  • Hospitality
  • Manufactured Housing Retail
  • Blanket Loans

For more information on these and other Commercial Funding Programs offered by FBC Funding

With over 30 years of helping Real Estate Investors meet their financial goals, FBC Funding is has the experience, programs and service first attitude to help you.

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