Commercial Business Lenders

About Commercial Business Lenders

Commercial Business Lenders is a Greensboro, NC based hard money lender. They provide loans all across the US. They offer bridge loans and hard money loans for commercial properties. Their lending parameters are flexible, including rates ranging between 10% and 18%, terms between 6 months and 3 years, and loan amounts ranging from $250,000 to $5,000,000 with a maximum LTV of 65%. They will lend money to any borrower based on the property value but also require a minimum FICO rating of 620. They offer loans on numerous property types, including multi family, apartment buildings, office units, retail units, hotels, storage buildings, senior housing facilities, mixed use spaces, warehouse spaces, industrial facilities, and medical buildings.

Loan Types Offered: Commercial Hard Money Loans, Bridge Loans

Property Types Covered: Multi Family, Apartment, Office, Retail, Hotel, Storage, Assisted Living, Mixed Use, Warehouse, Industrial, Medical

Areas Served: National

Lending Guidelines for Commercial Business Lenders

Below are the general loan guidelines published on the Commercial Business Lenders website. Please confirm all terms and rates directly with the lender.

Loan Examples

The following loans are for education purposes only. They do not represent actual loans executed by Commercial Business Lenders.

Loan Example 1

Adrienne runs a business in Chicago, IL and needs to purchase a new commercial building for her operations. Because she can't secure a standard loan from a bank, she looks to Commercial Business Lenders for a commercial hard money loan. The new property costs $220,000. Based on a 85% loan-to-value (LTV) stipulated by the lender, the loan principle is $187,000. The additional $33,000 will be the responsibility of the borrower. The lender additionally stipulates the following terms of the loan: 1) a 14% interest rate, 2) a 12 month length with interest only payments monthly, 3) an origination fee of 3 points paid by the borrower at the close, and 4) no penalty for pre-payment. By the parameters of the deal, Adrienne will pay an origination charge of $5,610 at the close (3% x $187,000 principle) and will then start making payments of $2,182 monthly ($187,000 principle x 14% interest / 12 months per year). Finally, she will make a balloon payment of the $187,000 principle upon expiration of the note, or sooner if she chooses.

Loan Example 2

Mark takes out a bridge loan from Commercial Business Lenders in order to remodel a townhouse to re-sell in Stockton, CA. The deal has the following parameters:

a) A $380,000 purchase price, b) a 55% loan-to-value (LTV), c) a 6 month term, d) a 9% interest rate, and e) a 1% origination fee.

Based on a $475,000 sales price after the 6 month term, the outcome for the deal would look like this:

$475,000 sales price
- $209,000 principle on note (55% LTV)
- $171,000 down payment (45% on 55% LTV)
- $2,090 origination points (1% of the $209,000 principle)
- $9,405 total interest paid (6 months x 9% interest)
-----------------------
= $83,505 gross profit (does not include taxes or renovation costs)

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