Fast, Easy Qualifying Commercial Lenders
Get offers from lenders with low commercial rates on
real estate loan programs for purchase or refinance.
Get low real estate rates and fast funding on all businesses.
Maximum Financial provides access
to direct commercial lenders and real estate lending programs. While
commercial real estate lenders offer low rates
and easy qualifying, there are many other factors to consider when shopping for
lenders of commercial real estate loans. Being a service oriented
company with specialists in nearly every property and business type, we bring expertise to the
financing process in almost every niche area. Our goal is to be the best in class through
high ethics and excellence in service, today and for all of your future
As professional loan originators
for nearly all commercial lenders for real estate financing, we bring the
ability to make the underwriters want to say "yes" to our client's loan requests
regardless of property or business type.
Here are just a few of the
properties we arrange funding for:
Apartment Buildings, Auto Repair
Service Garages, Auto Body Shop, Auto Sales -
Car Lots, Bar / Lounges, Bed and Breakfast, Business Only - No
Real Estate, Campgrounds, Car Wash, Child - Day Care Centers,
Churches, Gas Station - Convenience Stores, Hotels, Laundromat, Light
Industrial, Marinas, Mixed Use, Mobile Home Parks,
Motels, Multi Family, Office Buildings, Office Warehouse,
Office Retail Restaurants Retail Strip Shopping Centers, RV
Parks, SBA, Self / Mini Storage Units, Warehouses and Many Other
What do commercial lenders look
Financial and Property Analysis
Fair Market Value and Fair Market Rent will be analyzed. Special use property
may require additional underwriting. Age, appearance, local market, location,
and accessibility are some other factors considered.
A primary element in making an underwriting decision is the Debt Coverage Ratio (DCR). The DCR is defined as the monthly
debt of the business compared to the net monthly income of the subject property.
For example: on a DCR of 1 to 1.10 a commercial lender is saying that they are looking for a $1.10 in
net income from the real estate for each $1.00 mortgage payment. They will
usually determine the DCR ratio based on monthly figures, not annual
figures. They look at monthly mortgage payment compared to the
monthly net income. The higher the DCR ratio required, the more conservative the
lender. Most lenders will never go below a 1:1 ratio (a dollar of debt payment
per dollar of income generated) however, some will under certain circumstances. Anything less then a 1:1 ratio will result in a
negative cash flow situation raising the risk to the lender. DCR's
are set by property type and what a investor perceives the risk to be. Today,
apartment properties are considered to be the least risky category of investment
lending. As such, investors are more inclined to use smaller DCR's when evaluating
a request. Bars and restaurants have a very high risk and may require a higher
DCR. We at MFI guide you through all of this. Information is free,
mistakes are not.
Loan to Value
Unlike residential lending, commercial
lenders of real estate properties are viewed more
conservatively. Most will offer a maximum of 80% LTV based on purchase price or
appraised value which ever is lower. A buyer may get in with as little as
10% down if the seller is willing to carry back a 2nd mortgage. Some commercial mortgage lenders
will require more than 10% contribution towards the purchase from the purchaser.
Loan to value is the percentage calculation of the loan
amount divided by purchase price or appraised value whichever is lowest. If you know what
the LTV requirements are, you can also calculate the loan amount by
multiplying the purchase price by the LTV percentage.
- Credit Worthiness
For businesses less than three years old, personal credit of
the owners or principals will be
considered. This may hold true for longer periods of time for when
guarantors are required. For corporations, business performance and credit ratings will be
evaluated with a proven track record.
Many commercial real estate lenders like to see some degree of experience in
the industry. If not experience in owning and operating the business, they
want to see some type of history in the field as a manager or an employee.
This can be alleviated if the property is being purchased as an investment
property and a management team in in place that has experience. Also, if you
plan on participating in the operation of the business yourself without
experience, you may hire management to help get you started.
Multi Family Apartments
Bed & Breakfast
Campground RV Park
Mobile Home Park
Mixed Use Com/Res
Mobile Home Parks
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ONE STOP FOR
Commercial Real Estate
Lenders / Loans
Mortgages and Financing
ALL Property Types
Apartment / Multi-family
Automotive - Gas - Repair
Bar - Lounge - Pub
Bed & Breakfast / Hospitality
Car Washes - All Types
Campgrounds & RV Parks
Child Day Care Center