Our Loan Programs
Hotel Loans - Hospitality Mortgages
A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms and, conditioning or climate control and additional common features found in hotel rooms.
Hospital Loans & Health-Care Finance
A hospital is an institution for health care providing patient treatment by specialised staff and equipment, and often but not always providing for longer-term patient stays. Today, hospitals are usually funded by the state, health organizations, health insurances or charities, including direct charitable donations. Commercial Loan Direct offers a wide array of financing options for Hospitals of all sizes.
The Multifamily Housing Program offers various products for traditional, low income, senior housing, and construction in rural areas. Multifamily loan that is obtained based on the conventional mortgages' receivables for multifamily residences such as condominiums, apartment buildings, etc. Commercial financing requires the property to have five or more units for residents to lease.
Conduit Loan (CMBS)
Conduit mortgages are typically used for investment office, retail, industrial, self-storage, flagged hotel, or commercial mixed use properties. Minimum loan amount is $5 million , maximum leverage is 75% and mortgages are always non-recourse with the exception of standard carve-outs. These mortgages are securitized and sold to investors, so they are highly structured with little room for change.
Commercial loans can take two different forms – owner-occupied mortgages and investment mortgages. When the collateral is owner-occupied, the property’s sponsor(s) use over 50% of the building’s useable square footage for their personal businesses. Any other use makes the collateral investment property. Commercial properties must be zoned appropriately and should not contain any residential zoning or dwellings on the property.Read more
How we can help?
Our simplified loan process makes the lending experience fast, easy, and convenient. At each step, you'll know just what to expect while we work closely with you to insure your loan closes in a timely and professional manner.
Your assigned Loan Specialist will work with you to understand the property you wish to purchase or refinance as well as your investment strategy and real estate portfolio.
Your transaction will be matched with our loan programs that best fits your request, and a Loan Specialist will assist you by explaining the features of the proposed loan option.
You will work with your Transaction Coordinator to send the required items during the due diligence period. Once all items are sent, the loan is closed and you receive the funds.