How to Get a Commercial Real Estate Loan
Apply with the deal basics, review preliminary terms, sign the term sheet (the portal also asks for the credit report fee), then upload the documents on your checklist for underwriting, appraisal and closing. Closing in as little as 30 days, subject to underwriting, diligence, appraisal and title.
Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Key loan facts
- Loan Amount
- $100,000 to $15,000,000 for purchase and rate-and-term refinance; cash-out refinance up to $5,000,000
- Eligible properties
- Multifamily (5+ units), Mixed-use, Retail, Office, Industrial and warehouse, Self-storage, Cold storage, Hotels and motels, Data centers
- Term
- 3. The term sheet and the credit report fee
What we need for a first look
To issue preliminary terms we typically need the property address, the asset type, the requested loan amount, the purchase price or current value, your business plan and your desired closing timeline.
Where it fits
This is only what is needed for preliminary terms, which are an estimate, not an approval. Underwriting documents are a separate list that comes later.
Illustrative example
Underwriting documents depend on the property. Typical items are a photo ID for each guarantor, entity documents, and leases or a rent roll and bank statements. Your portal checklist has a slot for each one.
Initial fit check
The biggest factor you control after the term sheet is how quickly the checklist documents come in.
Ready to start? Begin an application.
Eligible Asset Types
- Multifamily (5+ units)
- Mixed-use
- Retail
- Office
- Industrial and warehouse
- Self-storage
- Cold storage
- Hotels and motels
- Data centers
Underwriting Guidelines
- 1. Tell us about the deal
- 2. Preliminary terms
- 3. The term sheet and the credit report fee
- 4. Your document checklist
- 5. Appraisal
- 6. Underwriting
- 7. Closing
Who This Is For
- Sponsors preparing a first or next commercial loan
Who This Is Not For
- Owner-occupied residential buyers
Frequently Asked Questions
Request Financing
Tell us about the property. We send preliminary terms, which are an estimate and not an approval.
Request Financing View Program GuidelinesSubject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.
Program Loan Limits
Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Ready to start a loan request?
Commercial real estate and investor property loans. Commercial purchase and rate-and-term refinance: up to $15 million. Commercial cash-out: up to $5 million. Residential DSCR: up to $5 million. Fix & flip: up to $5 million. Construction: up to $5 million. SBA loan limits are separate from total project financing.
Subject to underwriting, collateral review, borrower qualification, and lender approval. Not a commitment to lend.