Conventional Loans

Low-cost financing for stabilized
owner-occupied commercial real estate

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A conventional loan is a commercial real estate loan that can be used for property acquisition, refinancing, or rehab. These loans are utilized by business owners looking to own and occupy commercial real estate for their business.

Conventional Loan Snapshot

$1-$10 million

Amount

Up to 70%

LTV / LTC

Up to 10 years

Term

5-6%

Current
Interest Rates

Ways to Use a Conventional Loan

Property Acquisitions
Refinance
Light Rehab

Eligible Property Types

Professional Office
Professional Office
Medical Office
Medical Office
Industrial
Industrial Warehouse, logistics,
e-commerce, manufacturing
Self-Storage
Self-Storage
Healthcare
Healthcare Assisted living, skilled
nursing, & memory care

How Conventional Loans Work

Conventional loans are most commonly used to purchase a stabilized commercial property. These loans are unique because they are not backed by a government entity – instead, the borrower receives funding solely from a lender (like us), breaking the loan into a 70/30 financing structure. The occupying business and owners guarantee the loan.

How Conventional Loans Work

Benefits of Conventional Loans

Conventional loans are a strong low-cost financing option if your business doesn’t meet the eligibility requirements for an SBA loan. If you have strong credit and property fundamentals, conventional loans offer very competitive fixed interest rates and low fees.

Because there are only two parties involved in a conventional loan (the borrower and the lender), the underwriting and approval process is often shorter. We typically close conventional loans 45 days after issuing a quote.


Business <br />
Eligibility Requirements

Business
Eligibility Requirements

To qualify for a conventional loan,
your business should:
  • Operate as a for-profit company in the continental US
  • Demonstrate increasing revenue and income trends
  • Have a business DSCR of greater than 1.25x for two years
Borrower <br />
Eligibility Requirements

Borrower
Eligibility Requirements

To qualify for a conventional loan,
you should:
  • Have a credit score of 700 or greater
  • Hold at least 4 years of experience in your industry
  • Possess a net worth of at least $1 million or 30% of total financing (whichever is greater)
  • Have no bankruptcies in the last five years

Closing Timeline

We can close your conventional loan within 45 days of receiving your signed Conditional Commitment Letter (CCL). We issue a CCL and after you accept our quote and submit all required documents.

DAY
1

You sign your commitment letter and pay a small deposit, which applies to your final down payment.

DAY
2-21

We conduct full underwriting and credit review and source third party reports.

DAY
45

We close your loan.

How to Apply

Complete your entire application online through our secure portal.

How to Apply

Step1

Register for our secure online portal.

Step2

Fill out and submit an online application (takes less than 30 minutes).

Review our conventional loan document checklist.

Step3

Get connected with a loan officer and get your quote.