Preston Morris
Louisiana Commercial Real Estate Loans

How long is a typical commercial real estate loan?
What is the typical length of a commercial mortgage? The terms of commercial loans typically range from three to 25 years with both bank and non-bank commercial mortgage lenders. Additionally, the amortisation period of a commercial mortgage is usually longer than the term of the loan. Follow Us For more details Please!
What kind of loan can I get for commercial property? The kind of loans include variable rate loans, fixed interest loans and lines of credit. These loans can be paid on an interest only or principle and interest basis.
Loan Amount for a Louisiana commercial real estate loan:
Louisiana Commercial Real Estate loans start at $1,000,000. However, the best loan terms start above $2,000,000.
Purpose of loan:
Loan purposes can be for: acquisition, refinancing, cash out, funding for a 1031 Exchange, or a Reverse 1031 Exchange, renovation, repositioning, and partner buyouts.
Louisiana Commercial Mortgage Benefits

Louisiana commercial mortgage rates start as low as 2.57% (as of September 10th, 2021) • No upfront application or processing fees • Simplified application process • Up to 80% LTV on multi family , 75% on commercial (90% with SBA) • Terms and amortizations up to 30 years • Loans for purchase and refinance, including cash-out • 24 hour written pre-approvals with no cost and no obligation
We have eliminated many attributes that are commonly associated with other lending programs:
NO upfront fees
NO loan committees
NO past lending relationships required
NO balloon payments
NO lengthy pre-approval process
NO minimum debt service requirements
NO yield maintenance
NO mandatory lockouts
NO income verification option
A credit borrowers (680 + middle credit score)
A- credit borrowers (679 - 640 middle credit score)
B credit borrowers (639 - 580 middle credit score)