Commercial real estate office loans are used by businesses for acquiring office complexes, office condo, or other working space for their company’s use. These loans can also be used for the development and construction of commercial properties. Most office loans are designed for well conditioned buildings. Examples include suburban single, multi, high rise, low rise, and credit tenant office properties.

What do CRE lenders look for?

Lenders may require bank statements, personal tax returns, business tax returns, business registration/entity documents, rent roll, NOI (net operating income), min DSCR of 1.25 (debt service coverage ratio), LTV (loan to value). Most lenders require a minimum loan size of $500,000.

Loan Borrower Tips:

● Lenders like to see that you have a net worth that equal or exceed the loan amount. If you do not meet these requirements team with another individual or entity that does.

● Talk to multiple lenders, secure your financing before another individual/entity purchases your desired property.

● Lower LTV = lower rate, typically <≡ 75% is preferred

● Minimum 660 Credit Score

● Check your monthly payments with our Business Loan calculator.