Commercial Real Estate Loans for Special Purpose Properties
Most banks are reducing their commercial real estate loan interest in properties such as bars/restaurants, auto service businesses and funeral homes. At AEX Commercial Financing Group, we are very interested in these business categories (and many other special purpose properties such as those listed below) for a commercial mortgage.
Types of Properties
- Nursing Homes and Assisted Living Facilities
- Hospitals
- Educational Facilities and Institutions
- Light Industrial
- Auto Services
- Car Wash
- Laundromat or Dry Cleaners
- Restaurant/Bar
- Marinas
- Golf Course
- Warehouse
- Funeral Home
- Self Storage
- RV Park or Mobile Home Park
- Campground
- Bed and Breakfast
- Day Care Center
- Rooming House or Boarding House
- Unflagged or Flagged Hospitality
- Veterinary Hospitals
- Pharmacies
- Physician or Dentist Offices
- Mixed-Use (commercial and residential usage)
- Multifamily with 5 units or more (unless mixed-use)
- Office or Retail
- Many other special purpose properties (please ask!)
Special Purpose Commercial Mortgage Terms
- Up to $25 million
- Long-term fully-amortized loans
- No Recall or Balloon Terms for many loans
- $100,000 minimum
- Purchase, Refinance and Construction
- Up to 90% CLTV with seller/secondary financing
- Highly-individualized Strategy for each commercial borrower
Hard Money Business Loan Options
