Getting a commercial mortgage closed in Michigan or Ohio is very difficult these days. Most banks or commercial lenders simply will not look at loans in these states. We are "redlined" by most.
It is a frustrating time for businesses that are doing relatively well, despite the economy, yet can not find a bank that will close their loan. Even most small community banks, have pulled out of the market.
Because we are located in Birmingham Michigan, we are uniquely positioned to help you close your commercial mortgage. Bottom line - we know not only how to present, and package a loan, we know who the sources are that are still closing commercial mortgages in Michigan and Ohio.
Commercial Loans In Michigan and Ohio
We are primarily looking for loan request in these states that are owner occupied. Meaning your business needs to be located in the commercial building that's tied to your loan. Some high lights of terms:
90% loan to value on purchases
85% loan to value on refinances
25 year amortization schedule
Only 1% bank fee
Rates normally in the 6%'s
Wide variety of property types, even special purpose properties like restaurants, car washes, hotels and of course office, retail, industrial, etc are welcome.
Stop wasting your time calling on banks or commercial lenders that are either not healthy enough to lend or have simply pulled out of the market. We are actively closing loans. We want to work with you and have the experience and expertise to get your commercial mortgage closed.
