Permanent Loans: Long-term (maturity period 15 to 30 years) mortgage loan. In real estate projects, permanent financing is obtained after completion of construction, usually to repay the short-term (non-permanent) construction loan. Also called permanent financing or permanent mortgage.
Bridge Loans: First mortgage loan on a commercial property or residential with a term of just six months to two years
Construction Loan: First mortgage loan on a commercial property that is used to build the property. The loan proceeds are controlled by the construction lender to ensure that the building is actually built.
SBA 7(a) Loan: The SBA 7a loan program is a government-sponsored commercial real estate loan program that helps small businesses acquire the commercial real estate that their companies need to grow
SBA 504: SBA 504 loans are a little complicated to understand, but they are super-easy to get. The program consists of a conventional first mortgage, with an SBA-guaranteed second mortgage riding piggyback on top. The conventional first mortgage will typically come from a bank. It will have a fixed rate for the first five to ten years. If the loan is only fixed for the first five years, it will typically readjust once at the end of five years and then be fixed for the remaining five years. The conventional first mortgage loan will usually be amortized over 25 years, and it will balloon after ten years.
Fix & Flip Loans: Fix and flips became very popular a few years ago as the housing market recovered, and they continue to be a profitable business today.
- Single Family Residences Multi-Family Residences
- Multi-Family Apartment Buildings
- Office Buildings
- Industrial Buildings
- Self-Storage Facilities
- Mixed Use Properties
- Medical Facilities
- Church Financing
- Marine Financing
- Mobile Home Parks