Fix & Flip / Bridge Loans
Short-term financing for acquiring and improving a property before sale or refinance.
Room to grow
Build the next chapter of your business.
As your company continues to grow, increasing your workspace through a commercial mortgage becomes increasingly important. More information about our commercial loan offerings can be found by contacting us via email or by telephone at 214-817-0636. Our qualified professionals are ready to answer any and all of your commercial loan questions as well as help you begin the application process.
seth@ironoaklending.comKeep Control of Ownership
Benefit from Property Appreciation
Improve Cash Flow
Reduce Business Taxes
How it works
How Do Commercial Loans Work?
A commercial loan differs from a residential mortgage in that the collateral used to secure a commercial loan is a commercial building or business real estate instead of a residential property. What’s more, commercial mortgages are generally assumed by a business entity instead of an individual borrower. As a result, assessing and securing a commercial mortgage is somewhat more complicated than a residential mortgage.
A complex process involving many factors plays into determining creditworthiness for a business. At Iron Oak Lending it’s our privilege to guide you through this new and exciting process. Two of the most important aspects of a commercial mortgage to keep in mind are the interest rate and the loan repayment schedule.
Interest Rate
Most commercial loans offered today are fixed. This means you have the security of knowing that if interest rates were to increase you wouldn’t be stuck making higher monthly payments. Conversely, some borrowers are opting for a variable interest rate to take advantage of lower initial payments. However, a loan of this nature runs the risk of having interest rates increase and thus increasing your monthly payment.
Loan Repayment Schedule
Unlike residential mortgage loans, most commercial loans require a balloon payment at some point during the loan term. This means that after a given amount of time making small monthly repayments, the borrower would be required to make a large final payment consisting of the remainder of the loan. Loan repayment schedules which call for a longer time to repay the loan typically have higher interest rates.
Please speak with one of our representatives today to take advantage of this terrific opportunity to grow your business. We’ll guide you every step of the way and customize a commercial mortgage solution specific for your business.
Ways to finance
Commercial Loan Types We Offer
Short-Term Financing
Capital for near-term business needs, opportunities, or operating gaps.
Medium-Term Financing
Financing with more time to repay for planned business investments.
SBA Loan
Small Business Administration-backed financing for eligible business purposes.
Equipment Financing
Funding to purchase equipment while the equipment supports the loan.
Invoice Financing
Access to cash tied up in outstanding customer invoices.
Asset-Based Lending
Financing secured by business assets such as inventory or receivables.
Unsecured Working Capital
Working capital financing that does not require specific collateral.
Line of Credit
Flexible access to funds as business needs arise.
Commercial Real Estate
Financing for purchasing, refinancing, or improving business property.
Make the move
Is a Commercial Loan Right for Me?
If you’re considering any of the following as a means to grow your business, then a commercial mortgage might be right for you:
- Purchase of a building or space in which to do business
- Extending current work space
- Investing in commercial or residential properties
- Developing properties for commercial use
Every borrower’s situation is a little different, so be sure to email or call one of our commercial loan specialists today. We look forward to offering you a personalized commercial mortgage solution tailored to fit your company’s needs.
Before you apply
Qualifications for a Commercial Mortgage
Qualification for a commercial mortgage depends largely on the type of property or building that is being applied for. Despite some specifics on certain properties, there are general criteria for qualification. As a business owner, it is important for you to be able to show that your company has an appropriate debt-to-cash ratio.
Even a company with a poor credit rating can still receive a commercial mortgage if the primary owner can show good personal credit as well as sufficient liquid assets. Additionally, your company will need to show a continued and stable pattern of profitability as well as plans for future growth. This might include, but is not limited to, copies of your business plan, earning projections and long-term business goals.
For a more detailed and personalized assessment of commercial mortgage qualifications, please email or call 214-817-0636 today and speak with one of our commercial loan specialists.
Commercial lending guidance