• Preston Morris

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.

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