Commercial Property Loans
For those looking to purchase a commercial property, MMTC can offer loans that range from $250,000-$4,000,000 with 12 to 36 month terms. Based on your needs, our team will help walk you through the process, provide insight into what documents are needed and what terms need to be met along with any other additional support you might need before you apply.
- 1 to 3 year loans with interest-only payments
- 8% to 12% fixed interest rate
- 1.5-3% origination fee
- First mortgages only
- Up to 75% LTV (loan-to-cost ratios may also apply)
- Generally looking for borrowers with credit scores of at least 620 or higher with no recent bks, foreclosures, etc.
Property Types Covered Under A Commercial Property Loan:
What are the benefits of our commercial property loan?
MMTC Staff Loan Experience
MMTC has a seasoned staff of professional loan officers and processors to assist you. We have an accessible and experienced draw department to assist with the improvement escrow draws and complete your draw requests in a timely manner. Many of our executives and employees have been with the company for over 10 years.
We finance a variety of property types including but not limited to: multi-family residential, small shopping centers, offices, and industrial/warehouse properties.
Fast Approvals and Closings
We provide quick pre-approvals and quick closings (typically within one week, sometimes less). Many of our investors have secured and closed on contracts due to our speed which has allowed them to compete against other investor’s that submit “all cash” contracts.
Use of Funds
You can use our funds for new construction, rehabilitation of an existing space, or bridge financing prior to permanent financing.
Our rates and fees are cheaper than many other private lenders and can provide much better rates than traditional hard money loans.
Properties may be titled in entities, such as limited liability companies (LLC’s), corporations, or partnerships. No limit on the number of investment properties already owned by the investor.