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Small Balance Plus™ Commercial Loans

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Small Commercial Loans
Crefcoa can help. Our Micro Equity Series program provides commercial mortgages for self employed borrowers or borrowers with credit challenges.
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Small Balance Plus Commercial Mortgage Loan Program

Crefcoa's Small Balance Plus™ Commercial Mortgage program is a non-traditional, non-bank asset program designed to keep the commercial mortgage process quick and simple. A great program for both owner-occupied borrowers and commercial real estate investors seeking a flexible, competitive and hassle free commercial loan or apartment loan.
  • Simplified financing solutions for commercial mortgages to $2 million
  • Commercial financing up to 70% of property value (80% CLTV)
  • Up to 30 year terms and fixed rate periods to 5 years - no balloons
  • Low cost with no up front fees
  • Streamlined underwriting with reduced document options (stated income)
Commercial loans and apartments loans availability under the Small Balance Plus Commercial Mortgage program may vary depending on property type, state, population, economic conditions, exposure, and other variables that may negatively influence risk. Minimum loan size varies depending on asset type and location.

 

To determine if your property is eligible for financing under the Small Balance Plus program, complete the Quick Quote loan request summary and one of our commercial mortgage specialists will determine eligibility.

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Small Balance Plus Commercial Mortgage Program Guidelines

Program Benefits
  • Commercial financing up to 80% CLTV
  • Loan terms up to 30 years
  • No balloon or calls
  • No monthly or annual financial reporting requirements
  • Unlimited cash out refinancing
  • No tax returns
  • Seller seconds on a deal by deal basis
  • 640 minimum credit score
  • Assumable commercial mortgages
Save Time and Money
  • Streamlined loan process
  • No tax returns
  • Written preliminary approvals in 48 hours
  • Closings within 30-45 days of application
  • No lengthy loan committees
  • No application or up front fees and no expensive legal costs
Eligible Property Types
  • Office Building
  • Multifamily 5 Plus Units
  • Bed and Breakfast
  • Mobile Home Park
  • Retail - Shopping - Out Parcel
  • Office Condominiums
  • Sales Distribution
  • Medical/Dental Office
  • Auto Repair
  • Health Care
  • RV Park
  • Warehouse - Distribution
  • Self Storage
  • Automotive
  • Flagged and Non-Flagged Hospitality
  • Mixed-Use Commercial/Residential
  • Light Industrial
  • Professional Centers
  • Restaurant
  • Convenience Store (No Gas)
  • Strip Center
  • Funeral Home
Small Balance Plus Commercial Mortgage Terms
  • Commercial mortgages from $250,000 - $2,000,000
  • 3 and 5 year fixed rates
  • 15, 20, or 30 year fully amortized no balloon terms
  • Maximum 80% commercial financing (CLTV)
  • Tiered Risk-Based Pricing
  • Minimum 1.20-1.30 DSCR
  • 640 Credit Score
  • Commercial mortgages are assumable
Commercial loans and apartments loans availability under the Small Balance Plus Commercial Mortgage program may vary depending on property type, state, population, economic conditions, exposure, and other variables that may negatively influence risk. Minimum loan size varies depending on asset type and location.

 

To determine if your property is eligible for financing under the Small Balance Plus program, complete the Quick Quote loan request summary and one of our commercial mortgage specialists will determine eligibility.

Quick Quote Apply Now
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Crefcoa provides borrowers with a simplified way to obtain commercial mortgage loans and apartment building loans through standardization and a product driven online platform. Visit our home page to learn more about all of our commercial lending options.

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