Best for business acquisition with a commercial real estate (borrow up to $5m)
100% Financing Commercial Real Estate Loan
A commercial real estate loan that requires no upfront payment, even for significant borrowing needs. To qualify, you must meet specific criteria, such as maintaining a good credit score and occupying the property yourself.
This type of commercial real estate acquisition loan is designed for businesses seeking to purchase property for their operations. It offers 100% financing, allowing you to acquire the property without a down payment. To be eligible for this loan, your business should have been operating for a minimum of two years, and you will need a strong credit score (620+ FICO). Furthermore, you must occupy at least 51% of the property as the primary user. This loan option is ideal for businesses looking to transition from leasing to ownership, initiate a new endeavor, or buy out a partner. It can also be used to fund new construction or renovation projects.
Key terms:
- Commercial Real Estate: Properties utilized for business activities, such as office spaces or retail outlets.
- FICO Score: A numerical representation of your creditworthiness; a higher score indicates a lower risk for lenders.
- Occupy: To use the property for your business needs.
- SBA Loan: A loan partially backed by the Small Business Administration, making it a lower-risk option for lenders.
- Ground-up Construction: The process of building a new property from the ground level.
