Small Balance Commercial Loan Program
At Kram Capital, we understand the significant impact that Small Balance Commercial loans can have, serving as a vital resource for aspiring entrepreneurs, established business proprietors, and real estate investors striving to bring their commercial property visions to life. These specialized loans are designed to address the distinct requirements of smaller commercial transactions, providing a clear route to business expansion and real estate acquisition. Explore the realm of small balance commercial loans and uncover how they have the potential to transform your business aspirations into concrete reality.
What are Small Balance Commercial Loans?
Small balance commercial loans are financial solutions tailored to the financing requirements of smaller-scale commercial properties. These properties often include multifamily dwellings, mixed-use buildings, retail spaces, and more. Unlike larger commercial loans, small balance loans are specifically designed to provide accessible funding for projects that might not meet the criteria for traditional commercial financing.
The Advantages of Small Balance Commercial Loans
Accessibility:
Small balance loans are easier to qualify for, making them an ideal choice for businesses and investors with limited resources or credit history.
Streamlined Process:
The application process is typically more straightforward and faster, allowing you to secure financing efficiently.
Versatility:
These loans can be used for various purposes, including property acquisition, refinancing, renovations, or business expansion.
Competitive Terms:
Small balance loans often come with competitive interest rates and terms, enabling you to maximize your return on investment.
Common Uses for Small Balance Commercial Loans:
Property Acquisition:
Refinancing:
Renovations:
Business Expansion:
Qualifying for Small Balance Commercial Loans:
While requirements may vary among lenders, here are some common qualifications:
- Creditworthiness: A reasonable credit score is typically required to secure these loans.
- Property Stability: Lenders prefer properties with a steady income stream and occupancy.
- Financial Capacity: Demonstrating the ability to cover loan payments is crucial.
- Collateral: The property itself often serves as collateral.
We offer several structures to meet the borrowers specific and unique needs:
Full Doc Loan Structure Program
Borrower can provide Tax Returns with consistent income
Minimum Fico: 620
Max LTV: 80%
Minimum Loan Amount: $500,000
Lite Doc Investor Loan Structure Program
Minimum Fico: 620
Max LTV: 80%
Minimum Loan Amount: $500,000
No Doc Streamline Loan Structure Program
Minimum Fico: 700
Max LTV: 75%
Minimum Loan Amount: $500,000
Bank Statement Loan Structure Program
Minimum Fico: 650
Max LTV: 80%
Minimum Loan Amount: $500,000
Are you ready to scale your real estate investment business?
Get in touch with us now!
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Fax: (470) 447-2078
Atlanta, GA 30326
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