Genesis Commercial Loans typically refer to financing solutions offered by Genesis, a company or entity that specializes in Commercial Property Loans These loans are designed for purchasing or refinancing commercial property, such as office buildings, retail centers, industrial properties, or multi-family residential units.  We have over 150 Lenders across the US—Call us  and we probably can help you get financed   --                                                                                         We have Funding  available to Assist on Down Payments

When dealing with commercial property loans, it's crucial to understand a few key aspects:

  1. Types of Loans:
    • Term Loans: Standard loans with a fixed term, often with regular monthly payments.
    • Bridge Loans: Short-term loans used to bridge the gap between the purchase of a new property and the sale of an existing one.
    • Construction Loans: Financing for property development or major renovations, including ground up
    • Best SBA Loan Program starts at 7.99% fixed for the term of the loan  10 and 25 years
    • Fix N Flip Loans –GCL has a program with 100% Purchase and 100% Fix  for qualified borrowers        Loans for Single Family,  Multi-unit Developments
  2. Loan Terms:
    • Interest Rates: Are Bank Competitive on both rate and term and qualifying with some of our lenders, we may have more flexibility for borrowers
    • Can be fixed or variable, depending on the lender and loan type.
    • Repayment Period: Usually ranges from a few years to several decades.
    • Down Payment: Typically higher than residential mortgages, often 10-30% of the property’s value.
  3. Application Process:
    • Documentation: Requires detailed financial statements, property appraisals, business plans, and sometimes personal guarantees.
    • Approval Criteria: Includes creditworthiness, cash flow, property value, and the borrower's business history.
  4. Lender Considerations:
    • Loan-to-Value Ratio (LTV): Measures the loan amount relative to the property’s value.
    • Debt Service Coverage Ratio (DSCR): Assesses the property's ability to generate enough income to cover loan payments.
  5. Regulations and Compliance:
    • Ensuring that all legal and regulatory requirements are met, including zoning laws and property use restrictions.

 

CALL US WE JUST MIGHT BE YOUR ANSWER

Top of Form

Bottom of Form