Commercial or Medical Condos can be funded either with or without a government guarantee or loan. CCM has relationships with conventional Lenders that will loan on commercial or medical condos providing the borrower can show enough income on the previous two years tax returns, and has a good credit score. The property must have an adequate appraisal and have a fair market price for that size, use and location.Previously renting and the property and then purchasing it would enhance the underwriter’s ability to put a fair market value on the business and more accurately predict the future income of that business.
Loan to Value could be as high as 80% to 90% LTV with a 25 Year amortization, with rates starting in the low 6s.
With the ability to fund a wide variety of business including Warehouse Units, Auto Repair, Office Space, Restaurant, Convenience Store, Retail, and Medical Office. With the ability to get a highly leveraged loan it makes sense to own the locations were you operate your business, and CCM is here to help you achieve that goal.