Multi Unit / Commercial / SBA’s
Multi Unit / Commercial
A commercial mortgage is a loan made using cash flow of real estate as collateral to secure repayment of the new loan. Although like a residential mortgage, the collateral is real estate in an apartment building, commercial building or other business real estate, not residential property.
In addition, commercial mortgages are usually taken on by businesses instead of individual borrowers. The borrower may be a partnership, incorporated business, or limited liability company.
Small Business Association (SBA) Loan
A commercial property where the owner occupies 51% or more of space is eligible for an SBA loan program. These loans offer many advantages and solutions than traditional commercial loans.
LCG offers commercial loans for investment and owner-occupied buildings. In addition, commercial mortgages are usually taken on by businesses instead of individual borrowers. The borrower may be a partnership, incorporated business, or limited liability company (LLC).