Commercial Real Estate Loans | Lafayette, LA
Whether you are an owner or investor, our customized loan solutions for your real estate needs feature low rates, fast processing and local decision making with a unique understanding of the Louisiana marketplace.
Construction loans
Refinance existing building
Acquisition of new buildings/land
Our Programs
We’ll help you choose from our popular financing programs, which include:
Bridge Loans: These loans are great for providing you with short-term financial support. Usually, borrowers choose bridge loans to tide them over while they wait for a property to sell.
Construction Financing: Apply for this program if you have a construction project in the works that requires permanent financing and low interest rates.
CMBS Loans: If you need funding up to $50,000,000 and you want something that’s a little different from a standard loan, you may want to consider our Commercial Mortgage Backed Securities. These are actually secure bonds that are sold to investors.
Conventional Programs: Our conventional loan programs are versatile and work for many different real estate scenarios. They are particularly useful for properties that require up to $100,000,000 in funding.
HUD And FHA Lending: You may want this type of lending if you’re interested in acquiring, rehabilitating or building hospitals, senior’s housing and other similar types of real estate.
SBA 7a and 504 Loans: We offer these types of loans for hotels and owner-occupied properties. You’ll receive interest rates that are competitively low.
International Financing: This type of financing is commonly put toward international projects of all types and sizes. Loan amounts frequently go as high as $1,000,000,000.
Equity and Mezzanine Financing: Give this type of financing a try if other types don’t fit your needs. Equity and mezzanine financing are highly customized to each borrower’s situation.
BENEFITS
Competitive rates
Flexible terms
Customized to your needs
Purchase loans
Rental income properties
Improvements on existing property
Business acquisition loans
Small businesses or growing companies
How many years is a commercial real estate loan?
Duration. The maximum duration for repaying a commercial property loan also differs from residential property loans. While the latter enjoys a maximum loan tenure of 35 years, the former has a maximum tenure of only 25 years.
What is commercial loan rate today?
Commercial loan rates are currently in between 2.19% and 13.19%, depending on the loan product. For conventional commercial mortgages the current rates are between 2.19% and 6.35%.
Some Guidelines for Multifamily Commercial Loans
Almost any multifamily dwelling apartment or commercial unit will require a minimum loan amount of at least $750,000. That means you have to have 80% of which 75% with cash out. Some things many people don't know if you must have 90% occupancy within ninety days.