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The Crefcoa Loan Process

From quote to closing, a dedicated team of seasoned professionals ensure a smooth efficient closing.

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Call, email or request an online quote. It's your choice. We're here to help.
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Commercial Mortgages
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Request a Quote Today!
Quick Quote
Provide some basic information about the property and commercial or apartment financing you’re seeking and we will provide a no cost no obligation quote.
  • Security and privacy protected
  • No social security number required
  • No credit inquiry
  • No cost or obligation
Quick Quote
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Why Choose Crefcoa
Why Choose
Crefcoa has the knowledge, expertise and strategic relationships required to provide you with the most competitive rates and terms for your commercial property.
  • Multiple program options
  • Competitive rates and terms
  • Knowledge and expertise
  • Certainty of execution
  • Convenient electronic loan process
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The Crefcoa Commercial Loan Process

With an innovative, standardized, product driven online commercial lending platform (ComTrac™), and a dedicated team of seasoned commercial mortgage professionals assigned to each loan request, Crefcoa provides a smooth and seamless customer experience from your initial quote for a commercial mortgage loan or apartment loan through closing.

  • Standardized electronic loan platform
  • Streamlined loan process
  • Faster closings
  • Experienced commercial mortgage team assigned to every loan request
  • Fewer fees and lowers costs
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Complete Online Loan Request Summary

  • It takes less than 5 minutes to complete your request for a quote.
  • There is no cost or obligation.
  • Your social security number is not required.
  • We don't pull your credit report.
  • There is no hard sell. You can either accept our offer or not.
  • We never sell or provide your personal information or email address to unrelated third parties.
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Receive Confirmation Email

  • Immediately receive a confirmation email with the contact information for your assigned dedicated team of commercial mortgage specialists.
  • Your team will stay with the transaction from initial quote through closing.
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Receive Preliminary Quote

  • Within 24-48 hours your commercial loan specialist will email a soft quote based on the information provided in your commercial loan request or apartment loan request summary.
  • Your commercial loan or apartment loan quote will also contain the additional diligence needed to issue a Letter of Intent (LOI) or conditional approval.
  • Standard documents include, P&Ls, rent roll and photos for the subject property along with a personal financial statement and schedule of real estate owned for all key principals of the borrowing entity.
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Letter of Intent (LOI) Issued

  • An LOI or conditional approval is issued typically within 24-72 hours of receipt of the outstanding diligence outlined in your initial quote.
  • The LOI will provide detailed information about the rate, terms costs and conditions of the loan.
  • You can accept our offer or not. There is no cost or obligation up until this point.
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Start the Underwriting Process

  • Once you execute the LOI and submit the expense deposit required to process your loan (cover the appraisal and inspection costs), your loan will be transitioned into underwriting.
  • Third party reports are ordered.
  • An outstanding due diligence checklist will be provided.
  • Our goal is to obtain the outstanding due diligence before the third party reports are due.
  • Receive third party reports, finalize underwriting and issue a firm commitment.
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Close

  • Our goal is to close your commercial or apartment loan within 45 days of receipt of LOI and expense deposit.
  • You can elect to close at a title, escrow or attorney's office of your choice.
  • The closing package, including the loan documents, will be emailed to your selected closing office.
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Get started with Crefcoa today!

It's quick and easy to get started with Crefcoa. Simply complete the online Quick Quote loan request summary and we will assign a commercial mortgage specialist to your request who will provide you with our most competitive quote.

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Commercial real estate loan program availability may vary depending on property type, state, population, economic conditions, exposure, and other variables that may negatively influence risk. Program rates, terms, and conditions are subject to change without notice.
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