Commercial real estate loans are used to purchase, refinance, or pull cash out of income-producing properties. Whether you own an office building, retail strip center, industrial warehouse, mixed-use property, multifamily building with 5 or more units, or a hotel, Rob Tennyson has access to wholesale commercial lenders that offer competitive pricing unavailable at your local bank.
Commercial loans are underwritten based on the income the property produces, not your personal income. The key metric lenders look at is the Debt Service Coverage Ratio (DSCR), which measures whether the property generates enough net operating income to cover the loan payments. A DSCR of 1.25 or higher is typically required. Most lenders also look at your global cash flow, credit score, and experience as a real estate investor.
Short-term bridge loans are available for commercial properties that are being repositioned, renovated, or stabilized. Bridge loans give you time to improve the property and its occupancy before refinancing into long-term permanent financing.
Call Rob at 714-400-2317 or apply by clicking here to discuss your commercial financing needs.
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