Commercial Real Estate Loans help secure the property your business needs
Commercial real estate loans facilitate long-term growth by securing the property your business needs.*
What Is a Commercial Real Estate Loan?
Loan Amount*
Start at $75,000 and range up to $2 million
Loan Terms*
Range from 5 years up to 20 years
Payment Frequency*
Automatic monthly payments from an account on file
Commercial real estate loans are ideal for businesses looking to purchase, develop, or construct new property as well as current property. Businesses can apply for a commercial real estate loan/mortgage, which is secured by liens on the commercial property. As the name states, this is for commercial properties only and not for residential properties. The terms and rates differ from a traditional residential mortgage.
Uses for commercial real estate loans can vary, meaning businesses don’t have to acquire new property to apply. This loan can cover expenses such as refinancing or renovations on current business real estate in addition to covering new real estate property. Keep in mind, this type of financing is very different from a traditional residential mortgage that you would apply for when purchasing or refinancing residential property.
Commercial Real Estate Loans Help Small Businesses Facilitate Their Property Needs
You only need 3 important documents to apply.
A valid form of identification
Two years of tax returns or financials
Schedule of debts
Apply in a few minutes, receive funds in a few days
Apply online or give us a call. We will need three months of business bank statements, your business tax ID, and your completed business application to get started!
Review your business financing options online or call one of our Business Advisors to help you choose the best fit for your business’ unique needs.
After choosing your custom business financing solution and getting approved, our team may send the funds to the business bank account on file within hours.
Once a client, you can request additional financing directly through your online account if eligible. Our goal is to make it easy for your business grow.
Commercial Real Estate Loans FAQs
Commercial real estate loans work by granting businesses the working capital needed to purchase a new commercial property, refinance, or work on renovations for current commercial real estate. The loan is a mortgage secured by liens on the commercial property. Lenders will take into consideration the loan-to-value ratios, which means the process for getting approved varies greatly from a traditional residential mortgage.
Any company that has the intention of purchasing a new commercial property, renovating a current commercial property, or refinancing a commercial mortgage should consider applying for a commercial real estate loan.
A commercial real estate loan makes sense for your company if you intend to use the working capital for commercial real estate. This type of loan will not work for primary or secondary residential residences. In addition, interest and repayment terms vary greatly from a residential mortgage.
Requirements vary depending on the lender and type of loan your business is looking to apply for. As a general rule, lenders will take into consideration your business financial statements, your company’s debt service coverage ratio, property characteristics such as property use and value, and percentage of expected/current occupancy.
Rates depend on the lender the business works with and the type of loan you’re looking to apply for to secure a mortgage. As mentioned, these rates are very different from a traditional residential mortgage loan, so please consider this before applying.
Commercial Financing With Rapid Finance
At Rapid Finance, our team is dedicated to finding the perfect financing solution for your small business. With fast, simple, and secure funding when you need it most, we’re trusted by over 30 thousand businesses nationally.
- Funded over 3 billion to businesses all over the country
- Online portal designed to help meet your business’ needs
- Team of talented business advisors dedicated to providing your business with quick and reliable funding information
- A streamlined process for additional funding needs