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Commercial Loans

Commercial loans provide financing for the purchase, development, or refinancing of commercial properties such as office buildings, retail centers, industrial facilities, and multifamily apartment complexes. These loans are tailored to meet the needs of businesses and investors looking to expand their commercial real estate portfolios.

Types of Commercial Loans

Owner-Occupied Commercial Loans

Financing for properties where the business operates.
Investment Property Loans: Loans for income-producing properties leased to tenants.
Construction Loans: Short-term financing for new commercial developments.
Bridge Loans: Temporary funding until long-term financing is secured.

Key Features

  • Loan terms typically range from 5 to 30 years.
  • Fixed and variable interest rate options available.
  • Loan amounts based on loan-to-value ratio, debt service coverage, and borrower’s financial strength.

Benefits

  • Provides capital for business expansion and investment.
  • Flexible repayment terms suited to business cash flow.
  • Potential for higher returns through commercial real estate investments.

Eligibility Requirements

  • Strong business financials and credit history.
  • Appraisal and income analysis of the commercial property.
  • Down payment or equity contribution.
  • Commercial loans offer versatile financing solutions for businesses and investors seeking to acquire, develop, or refinance commercial real estate assets.

Self-Employment Loans

Self-employment loans are designed for business owners, freelancers, and independent contractors who may have non-traditional income streams. These loans provide flexible mortgage solutions by considering alternative income documentation such as bank statements, tax returns, and profit-and-loss statements.

Key Features

  • Income verification through 12-24 months of bank statements instead of W-2s.
  • Available for primary residences, second homes, and investment properties.
  • Loan amounts based on cash flow and financial stability rather than traditional income documentation.

Benefits

  • Tailored for self-employed individuals with fluctuating income.
  • No need for extensive tax returns.
  • Flexible down payment options and competitive rates.

Eligibility Requirements

  • Minimum credit score typically 620 or higher.
  • Proof of self-employment for at least two years.
  • Bank statements showing consistent deposits and financial stability.
  • Self-employment loans provide an accessible pathway to homeownership for entrepreneurs and freelancers by accommodating unique income situations.

Business Purpose Loans

Business purpose loans are designed for real estate investors and business owners who need financing for non-owner-occupied properties used for business or investment purposes. These loans are commonly utilized for purchasing, refinancing, or improving investment properties.

Types of Business Purpose Loans

  • Fix and Flip Loans: Short-term financing for purchasing, renovating, and selling properties.
  • Rental Property Loans: Long-term loans for income-generating rental properties.
  • Bridge Loans: Temporary financing for acquiring property quickly until permanent financing is secured.

Key Features

  • Qualification based on the property’s value and income potential rather than the borrower’s personal income.
  • Flexible terms, including interest-only payments.
  • Quick approval and funding processes.

Benefits

  • Provides capital for real estate investments and business growth.
  • No personal income verification required in many cases.
  • Financing available for various property types, including multifamily and mixed-use properties.

Eligibility Requirements

  • Strong credit profile and investment experience preferred.
  • Sufficient down payment or existing equity.
  • Business plan or investment strategy.
  • Business purpose loans are an excellent choice for investors looking to expand their real estate portfolio or secure funding for business-related property ventures.

Conventional Loans

Conventional loans are mortgage loans that are not insured or guaranteed by any government agency, making them a popular choice for borrowers with strong credit and financial stability. 

Types of Conventional Loans

  • Conforming Loans: Meet the loan limits set by Fannie Mae and Freddie Mac.
  • Non-Conforming Loans (Jumbo Loans): Exceed the conforming loan limits and are used for higher-priced properties.
  • Fixed-Rate Mortgages: Offer consistent monthly payments with terms typically ranging from 10 to 30 years.
  • Adjustable-Rate Mortgages (ARMs): Feature variable interest rates that adjust periodically after an initial fixed period.

Key Features

  • Loan amounts up to the conforming limit (varies by location) or higher for jumbo loans.
  • Flexible terms from 10 to 30 years.
  • No upfront mortgage insurance required with a 20% down payment.

Benefits

  • Lower interest rates for well-qualified borrowers.
  • No mortgage insurance with 20% down.
  • Wide range of loan terms and structures.

Eligibility Requirements

  • Minimum credit score typically 620 or higher.
  • Debt-to-income ratio usually below 43%.
  • Down payment as low as 3% for certain loan programs.
  • Conventional loans provide borrowers with flexible financing options and competitive rates, making them ideal for those with strong credit and financial stability.

Jumbo Loans

Jumbo loans are mortgage loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac, designed for financing higher-priced properties. 

Types of Jumbo Loans

  • Fixed-Rate Jumbo Loans: Offer stable monthly payments with terms typically ranging from 15 to 30 years.
  • Adjustable-Rate Jumbo Loans (ARMs): Feature lower initial interest rates that adjust periodically after a set term.

Key Features

  • Loan amounts exceeding the conforming limit (varies by location).
  • Competitive interest rates for qualified borrowers.
  • Available for primary residences, second homes, and investment properties.

Benefits

  • Access to higher loan amounts for luxury and high-value properties.
  • Flexible loan terms and structures.
  • Financing for a wide range of property types.

Eligibility Requirements

  • Minimum credit score typically 700 or higher.
  • Debt-to-income ratio usually below 43%.
  • Larger down payments, typically 10-20%.
  • Jumbo loans provide financing solutions for high-value property purchases, offering flexible terms and competitive rates for well-qualified borrowers.

FHA loans

FHA loans are government-insured mortgages designed to make homeownership more accessible, especially for first-time buyers and those with moderate incomes.

Types of FHA Loans

  • FHA 203(b): Standard loan for purchasing or refinancing single-family homes.
  • FHA 203(k):Combines purchase and renovation costs into a single loan.
  • FHA EEM: Finances energy-efficient home improvements.
  • FHA Section 245(a): Graduated payment loans for borrowers expecting income increases.
  • FHA HECM: Reverse mortgage for homeowners aged 62 and older.

Key Features

  • Low down payment options starting at 3.5%.
  • Flexible credit requirements for borrowers with lower credit scores.
  • Government-backed insurance providing lender security.

Benefits

  • Easier qualification for borrowers with less-than-perfect credit.
  • Low down payment requirements.
  • Assumable loans, allowing transfer to future buyers.

Eligibility Requirements

  • Minimum credit score of 580 for a 3.5% down payment.
  • Debt-to-income ratio typically below 43%.
  • Property must be the borrower's primary residence.
  • FHA loans offer an accessible path to homeownership with flexible requirements and government-backed assurance, making them ideal for first-time homebuyers and those with moderate financial backgrounds.

VA Loans

VA loans are mortgage loans backed by the U.S. Department of Veterans Affairs, offering favorable terms to eligible veterans, active-duty service members, and surviving spouses. 

Types of VA Loans

  • VA Purchase Loans: For buying a primary residence with no down payment.
  • VA IRRRL (Interest Rate Reduction Refinance Loan): Streamlined refinance option to lower interest rates.
  • VA Cash-Out Refinance Loans: Allows homeowners to access home equity for cash.

Key Features

  • No down payment required for most transactions.
  • No private mortgage insurance (PMI).
  • Competitive interest rates and flexible terms.

Benefits

  • Easier qualification with lenient credit requirements.
  • Limited closing costs for borrowers.
  • Assumable loans, allowing transfer to eligible buyers.

Eligibility Requirements

  • Certificate of Eligibility (COE) from the VA.
  • Minimum credit score requirements set by lenders.
  • Primary residence occupancy.
  • VA loans provide affordable home financing options with exceptional benefits for those who have served in the military, making homeownership more attainable for veterans and their families.

Licensing

  • CA DRE - Broker #02215218/NMLS#2509899
  • CA DRE - Broker #01999625/NMLS#2262787

About

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Contact

  • 3717 E. Thousand Oaks Blvd, Suite #155 Westlake Village, California 91362
  • (818) 355-7168
  • NMLS# 2509899
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