National Commercial Property Loans

About National Commercial Property Loans

National Commercial Property Loans is an asset-based lender based in Dallas, TX offering funding all across the United States. They provide lending solutions for a variety of scenarios, including hard money loans for commercial properties and hard money bridge loans. Their loan parameters are flexible, including loans with a maximum LTV of 65%, rates ranging between 9% and 15%, and terms between 6 months and 2 years. They will make loans on all of the following property types: multi-family, apartment buildings, offices, retail units, hotels, storage buildings, assisted living facilities, mixed use buildings, warehouse buildings, industrial facilities, medical offices, undeveloped land, and churches.

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, Land, Church

Areas Served: National

Lending Guidelines for National Commercial Property Loans

Below are the general loan guidelines published on the National Commercial Property Loans 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 National Commercial Property Loans.

Loan Example 1

Alfredo owns a business in Flushing, NY and needs to purchase a new office building to run his operations. Since he cannot secure a conforming loan from a bank, he looks to National Commercial Property Loans for a commercial private money loan. Since the borrower and lender agree to a 60% loan to value (LTV), Alfredo will bring $104,000 at the closing and the loan principle amount will be $156,000 since the price of the new building is $260,000. The lender also lays out the following terms of the transaction: 1) a 10% interest rate, 2) a 12 month length with interest only payments to be made each month, 3) an origination fee of 3 percent paid by the borrower when the deal closes, and 4) no pre-payment penalty. According to the specifications of this loan, Alfredo will need to pay an origination fee of $4,680 when the loan is executed. He will also start to make payments of $1,300 monthly for the duration of the loan and will pay off the principle amount at the end of the 12 month term. Should he decide to pay back the loan before, he can do so without additional expense because there is no pre-payment penalty stipulated by the loan.

Loan Example 2

Roberto is a an investor in Salem, OR. He purchases an older house for a renovation project and obtains a bridge loan from National Commercial Property Loans with the following features:

a) A $350,000 sales price, b) a 65% loan-to-value (LTV), c) a 12 month term, d) a 11% interest rate, and e) a 5% origination fee.

Based on a $420,000 sales price after the 12 month term, the numbers for the project would look like this:

$420,000 sales price
- $227,500 principle on note (65% LTV)
- $122,500 cash paid at closing (35% on 65% LTV)
- $11,375 origination points (5% of the $227,500 principle amount)
- $25,025 interest payments (12 months x 11% interest)
-----------------------
= $33,600 gross profit (does not include taxes or rehab costs)

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