Small Balance Commercial Loans Are More Flexible Than Traditional Loans
In this post we will discuss some trends in the commercial real estate lending process accessible to borrowers needing smaller sums of money. Many commercial lenders have a minimum loan amount of $1MM. Small balance commercial loans have both fixed & adjustable rate commercial real-estate loans available. These loans can be acquired with up to thirty year fixed terms for both owner occupied and investment properties. These kinds of loans are more flexible & somewhat identical to residential programs and provide different benefits to the smaller investor including stated income for those that write everything off on their tax returns. The focus for some lenders is toward loans of a million dollar and under, with a minimum loan size of one hundred thousand. Usually, they're 2 different programs accessible for small balance commercial loans. The 1st one is identical to a bank type loan which is for investors who can document earnings. If the borrower is able to