Commercial Mortgages & Apartment Loans

Commercial loans are an agreement made between a business entity and a financial institution where the financial institution provides funds in exchange for secured or unsecured debt. A commercial mortgage is a loan secured by a commercial property. Commercial property is any land or building that is used to generate a profit. The property can be owner occupied, in which the business that inhabits the property also owns the property or it can be investment property, in which the property owners inhabit less than 50% of the leased space or do not inhabit the space at all. Residential property is only considered commercial property if there are 5 units or more in the dwelling and is called Multifamily Housing. Other commercial properties subcategories include retail, office, warehouse, storage, industrial, medical, farm, garage, or hospitality.

CLD provides financing solutions for both owner occupied and investor properties. CLD's government agency sponsored commercial programs include; SBA-504, SBA 7a, and USDA B&I. CLD's preferred real estate properties include; office, retail, industrial, hospital & healthcare, self storage, church, hotel and mixed use. We also offer bridge or interim financing to stabilize commercial real estate properties.

Conduit or CMBS loans(Commercial Mortgage Backed Securities) are originated and pooled together with other similar commercial mortgages which, together, are securitized and then sold as bonds to investors in the bond market. Almost all CMBS mortgages are non-recourse and are typically more aggressively priced than conventional commercial loans.

These mortgages are secured by a first-position deed to secure debt on a commercial property such as an apartment complex, office building, anchored retail, self-storage facility, hotel, large industrial warehouse, etc. A CMBS note has a fixed interest rate (which may or may not include an interest-only period) and is typically amortized over 25-30 years, with a balloon payment due at the end of the term. Because the notes are not necessarily held on the Conduit Lender’s balance sheet, CMBS notes are a great way for lenders to provide an additional financial product to Borrowers while at the same time maintaining their liquidity position. Additionally, because of the more flexible underwriting guidelines, CMBS Loans also allow real estate investors that cannot usually meet stringent conventional liquidity and net worth guidelines to be able to invest in commercial real estate.

The CMBS market is one of the fastest growing segments of the financial industry due to its competitive pricing, execution speed, and flexibility. Our company offers conduit financing for apartments and commercial real estate property. These commercial real estate transactions can be priced above $2 Million and have no pre-set maximum amount.

USDA notes are created to provide financing for a business entity in a rural market. The purpose of these notes is to support the local businesses that make up the economic community in population centers with less than 50,000 people.

CLD offers USDA lending products backed by commercial real estate mortgages. These real estate transactions typically range from $1 Million to $10 Million, are guaranteed by the US government and backed by real estate (including apartment complexes), FF&E, and/or equipment.

An SBA loan is a type of commercial note that is created to provide financing for a small business that cannot typically obtain financing through conventional products. The purpose of the loan is to help develop or expand a small business by providing a Small Business Association guarantee for a portion of the loan. This lowers the risk for the lender, who is covered by the SBA guarantee for a portion of the repayment of the note in the case of default.

CLD offers SBA lending backed by commercial real estate mortgages. These transactions typically range from $1 Million to $10 Million, are guaranteed by the US government and collateralized by real estate, FF&E, and/or equipment.