Small Balance Commercial Loan Program
1) When you need to close fast (in less than 2 weeks).
2) When the property is not generating any income (not leased).
3) When the property needs renovations.
4) When you want to expand your business
5) When you can't provide verifiable income (no tax returns available).
6) Foreign National Borrower
At Loan Funding Solutions, our programs for hard money close in some cases as soon as 3 days and up to 7. Our hard money programs no personal income requirements or verification and documentation that your business should have on hand!
About Small Balance Commercial Loan:
- Wide Range Of Property Types
-
Fast Closing: 14-28 Days
-
Flexibility
-
Interest- only or Full Amortization
Qualifications
- Equity in the Property
-
Origination Fee: 1%-2.50% of the loan amount
-
Underwriting Fee: $1,499 - $1,999
- Legal Fee: $1,499
-
650 Minimum Credit Requirement
Eligible Properties for Small Balance Commercial Loans
Single Family
Single-family houses, which include condominiums, PUDs, condos, duplexes, triplexes, and quadplexes, typically have one to four units. We offer funding to real estate owners and companies seeking to buy, refinance, repair & sell, or buy to rent starting at $75,000 at Loan Funding Solutions.
Retail
Any building used for business retail area, such as a storefront for the sale of products or services, is referred to as retail. Real estate investors and company proprietors who are seeking for a credit for: acquisition, refinance, bridge to stabilization, bridge to sale, or bridge to building take out of $250,000+ will have no problem being approved by Loan Funding Solutions.
Multi-Family
When it comes to real estate, multi-family properties refer to housing complexes that contain five or more residential units within one or more buildings within a single community. At Loan Funding Solutions, we specialize in providing loans for real estate investors interested in purchasing or refinancing multi-family properties. We offer financing options starting at $250,000 to help you secure the funding you need to make your investment goals a reality.
Office
Offices are a type of property that bring in money from expert and business renters as tenants. Real estate investors and company proprietors seeking loans for: acquisition, refinance, bridge to stabilization, bridge to sale, or bridge to building take out of $250,000+ will be approved by Loan Funding Solution.
Mixed Use
A mixed-use development combines residential and commercial functions into a single integrated complex or structure. In the following circumstances, Loan Funding Solutions will make loans to real estate investors looking to; purchase, refinance, bridge to stabilization, bridge to sale, or bridge to construction take out on mixed use projects with loan amounts from over $250,000.
Hospitality & Tourism
Loan Funding Solutions will finance to proven operators in the hospitality and tourism industry. Loan amounts could vary from $30,000 and up to $500,000+.
Other Eligible Properties Include: Automotive, Warehouses, Assisted Living Facilities, Marinas, Storage Facilities and more
Closing Documents Required
Property
- Purchase Contract
- Rent Roll & Leases
- Payoff Statement (If Refinancing)
-
Renovation Budget (If Rehab)
Personal
- Loan Application
- Last Month's Bank Statements
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Driver's License and/or Passport
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Track Record / Experience
Business
- Articles Of Incorporation
- Operating Agreement (LLC) or Bylaws (Corp.)
- EIN Letter
Is a Small Balance Commercial Loan The Right Option?
Getting the funding you require doesn't have to be a complicated process.
Pro's of Our Small Balance Commercial Loan
No Income Documentation Required
Quick Closing 10-17 Days
Rates Starting at 6.35%
DSCR of 1.00 at Closing & 1.20 at Stabilization
1.00% - 2.00% Lender Fee
Loan Fee
Origination Fee: 1.00% - 2.50% of the loan amount
Underwriting Fee: $1,499 - $1,999
Legal Fee: $1,499
Prepayment Penalties
Minimum Of 3 Years: Declining: 3%, 2%, 1% Structure
What's The Process?
Complete the process in as little as 14 Days
Stage
1
Submit Loan
Application
Stage
2
Send Documents
&
Accept LOI
Stage
3
Valuation &
Title Ordered
Stage
4
Final Legal
Review
Stage
5
Close
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We take your privacy seriously. You are providing express "written" consent to contact you on behalf of Funding Zone, Network partners, or an authorized third party on their behalf to call you (including through automated means; e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS - charges may apply) and/or email, even if your telephone number is currently listed on any internal, corporate, state, federal or national Do-Not-Call (DNC) list.