Commercial Mortgages

A commercial mortgage is a loan used to purchase property for a company or business. You generally cannot obtain a commercial mortgage for a residential real estate purchase unless it is considered an investment property where the residence has multiple units or is a commercial mix.

As a local Houston mortgage lender who deals with commercial and hard money loans on a regular basis, I can help you determine whether the property you are wanting to purchase would qualify for a commercial mortgage and what your options are for making that purchase.

A commercial mortgage varies from a residential mortgage in that the property itself used as collateral. Because of the risk that is typically involved with commercial mortgages, rates on this type of loan can be higher than a typical residential home loan. It can also take longer to obtain a commercial mortgage than it does to obtain a residential one.

This is where I come in. My experience with commercial mortgages and my connections in the industry help me keep rates competitive for my customers while working on an expedited timeline. I know, in most cases, my client’s business and financial success relies on my ability to help them obtain the financing they need to purchase their storefront or warehouse. This is why I do my best to keep my clients informed and keep the process moving forward as quickly and smoothly as possible.

Types of Commercial Mortgages

Commercial mortgages can be used for a number of different businesses and building types ranging anywhere from an office building, retail center , an industrial building or vacant land. The maximum loan-to-value (LTV) ratio for most commercial properties is 65%, whereas vacant land is 50%.

Shopping the market for a commercial mortgage can be difficult. The process you will go through while obtaining your commercial mortgage is not the same as when you get your first mortgage or refinance the loan on your personal residence.

It can be much more difficult to find rate information associated with commercial mortgages, which is part of what makes it so beneficial to work with a local Houston lender, like myself. I have access to the most up to date information to ensure you are getting the best deal possible.

Get Started Today

For more information on a loan for your business or to get the process started, please contact your trusted Houston mortgage lender at (713) 781-5810 or [email protected].