Commercial Loan Direct Offers New Small Balance Program

ATLANTA - May 4, 2015 - PRLog -- Commercial loan direct offers a new small commercial loans program. Small business owners and real estate investors looking to refinance, purchase, or leverage their equity can utilize this new program as a financing solution.

This product is perfect for the borrower who is looking to save money on third party costs.  Key benefits are no application and appraisal fees.  Also, the program comes with a rate/fee match guarantee. This means that if the borrower provides a formal letterhead from a competing lender, the program will match or beat that rate. If not, the borrower will be paid $200.  Additionally, $250 will be applied to the customers’ account if they decide to sign up for the program.

There are three different loans that fall under this program. There is the refinance loan, purchase loan, and equity loan. The refinance loan is used to pay off an existing mortgage on a commercial property with cash-out opportunities available.

The purchase loan is used solely for the purchase of commercial real estate.  The equity loan is good for the finance of business needs by using equity in the commercial property.

Eligible property types include owner occupied and investor. To see a list of eligible and ineligible property types, Please refer to https://www.commercialloandirect.com/small-balance-mortgages-main.html

The minimum loan amount for this program is $250,000. The maximum loan amount is $750,000. Term lengths range from 5-15 years and the amortization ranges from 5-25 years.  Both fixed and variable rates are available. Max LTV is 80% on purchase loans and up to 75% on all other loans/depending on property type, lien position, and/or geography.

For more information on commercial real estate financing, please visit www.CommercialLoanDirect.com