Commercial real estate loans to buy, refinance or cash out
Buy your building, refinance a maturing note, or pull equity out of property you already own.
Financing is provided by third-party lenders. Capital Ally is not a lender. Terms and eligibility vary.
At a glance
- Typical amount
- $250K to $10M
- Typical term
- 5 to 25 years
Ranges are typical for this type of financing. Your amount, term and pricing depend on the lender and your business profile.
How this financing works
Commercial real estate financing covers owner-occupied buildings, investment property and mixed use. Owner-occupants usually get the best terms, and if you will occupy more than half the space an SBA 504 or 7(a) structure often beats a conventional loan on down payment and rate.
Investment property goes conventional or to a specialty lender, underwritten on the property's income as much as yours. Bridge loans cover value-add projects and short timelines until permanent financing is in place. Bank, credit union, SBA and private lenders each structure these loans differently, so compare the terms against the property and the timeline.
Common business uses
Stop renting
Turn rent into equity in a building you control, with a fixed payment that does not rise at renewal.
Refinance
Replace a maturing note or a high-rate bridge with long-term financing.
Cash-out
Borrow against equity in property you own to fund expansion or acquisitions.
What lenders typically look for
General guidelines for this type of financing. Each lender sets its own requirements, and meeting them does not guarantee an offer.
- Down payment of 10 to 25 percent depending on program
- Debt service coverage from the business or the property's rents
- Two or more years in business for owner-occupied programs
- Owner credit in the mid 600s or better
Compare with other options
Questions about commercial real estate
All questionsHow much down?
Owner-occupied SBA programs start around 10 percent. Conventional loans typically want 20 to 25 percent, and investment property sits at the higher end.
What happens before closing?
Appraisal, title, environmental review and underwriting. The lender sets the timeline, and bridge loans are structured for shorter ones.
Can I refinance a balloon payment?
Yes. Maturing notes are one of the most common reasons owners refinance, and starting 90 days ahead keeps options open.
Capital Ally
Considering commercial real estate?
Check eligibility in a few minutes, then compare the offers you receive by their full cost before you decide. Checking does not affect your credit score.