Nationwide small balance loans have helped stabilize multi-tenant properties in cities small and large. With us, you can get a flexible and streamlined review process to refinance or start a new project. Get approved for larger sized funds and discover many term and rate options. Commercial Mortgage Depot (CMD) is here to provide an update on nationwide small balance loans in New York, New Jersey, Connecticut, and Pennsylvania. Speak to our Clifton, NJ team about this great product today!

Using a Nationwide Small Balance Loan

Many commercial real estate owners use small balance loans to support smaller multi-tenant projects of five or more units, hence the name “small balance”. However, you may get more than you would expect from these loans. Many come with government backing. Hundreds are seeking Nationwide Small Balance loans now for refinancing and sustaining project.  Applicants must be US Citizens, limited partnerships, limited liability corporations, single asset entities, or special purpose entities. Small balance loans even finance affordable housing properties and cooperatives, as well as manufactured housing communities. Funding your project requires you to demonstrate strong liquidity and assets to repay the loan in a short period, and we can use an array of documentation options.

Our Nationwide Small Balance Loan Terms

Many people benefit from a streamlined, flexible process to get approved for a Nationwide Small Balance Loan. There are products available with Freddie Mac and Fannie Mae. We have even stabilized projects in rural small areas, even towns as little as 25,000 people. Loans can be one to ten million, below are some other terms and perks:

  • 35-Day Closings
  • LTV of 75% on MF, 70% on Others
  • 10-Yr Loans Fixed for 3/5/7/10
  • Competitive pricing
  • Declining Scale Prepay
  • Non-Recourse Available if <= 60% LTV
  • Low Closing Costs (In-House Legal)
  • No Impounds/Reserves
  • Real-Time Price Quotes and Deal Status
  • Multifamily, Retail, Office, Industrial, Self-Storage, Mixed-Use

Reasons to Use A Nationwide Small Balance Loan

Nationwide Small Balance Loans can come with great interest rates, especially for the well positioned owner. People also benefit from efficiency and cost savings with the streamlined approval process. Many have seen these loans improve returns on their assets, grow their business, and help expand new projects. Some even use the loans to fund a portion of a project and combine it with another type of financing if they need a larger funding pot. Staff that specialize in small market loans typically have strong familiarity and relationships with the area.

Commercial Mortgage Depot (CMD) can share all the latest and greatest on nationwide small balance loans in New York, New Jersey, Connecticut, and Pennsylvania. Speak to our Clifton, NJ team about this great product today!

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