What is needed to qualify for a Conventional Commercial Real Estate Loan?

3 years of Personal & Business Tax Returns Personal Financial Statement (PFS), we will provide for you to complete Year to date (YTD) Income Statement & Balance Sheet Copy of Purchase Agreement (if applicable) Last 3 consecutive months of Bank Statements Copy of most recent loan statement if a refinance Articles of Incorporation on borrowing entity Form 4506, we will provide Contractor Resume (on construction loans) Complete breakdown of construction costs (on construction loans) Copies of Plans, Specs & Permits (on construction loans) Turnaround Time: 30-45 days normally

What are typical fees?

Typically a $1,500 – $2,500 refundable underwriting fee is collected upfront, it becomes non-refundable if client accepts written loan offer and the loan doesn’t close. Normally 1-2% points are collected at closing depending on the loan scenario.

Conventional Commercial Loans

Secure a conventional commercial loan with competitive rates and flexible terms. This type of loan requires full income and asset documentation, otherwise known as a “full-doc” loan. Perfect for purchasing, refinancing, or expanding your commercial real estate.

Loan Pre-Qualification

We will use the information you provide to determine your eligibility. This pre-qualification will not affect your credit.

* All Fields Are Required. By submitting this form, you understand and agree that Standout Loans may contact you via email, SMS or phone to discuss commercial real estate loan options. Submitting this form will not constitute an agreement nor will it impact credit.

WHO IT'S FOR

Investment Properties: Conventional Commercial Loans Programs

Best pricing for borrowers that can provide full income and asset documentation and have higher credit scores.

Best For: Borrowers with solid credit & financials

Credit Score: 650+

Loan Amount: $200K - $4MM

Can Fund Acquisition and Construction

Frequently Asked Questions

Conventional Commercial Real Estate Loans FAQs

A conventional commercial real estate loan is a type of financing provided by a banks, credit unions, or other financial institutions that are not guaranteed by a government agency (like and SBA loan)

Qualification criteria can vary but generally include a strong credit score, a proven track record of business profitability, sufficient collateral and a detailed business plan. We may also evaluate the debt-service coverage ratio (DSCR) to ensure the business generates enough income to cover loan their loan payment.

Interest rates can be either fixed or variable and are often determined based on the borrower’s creditworthiness, the term of the loan and prevailing market conditions. Loan terms can vary widely but generally range from 5 to 20 years. Some loans might offer a balloon payment structure where smaller monthly payments are made, with a large payment due at the end of the term.

Many commercial loans allow for early repayment but some might include prepayment penalties. These penalties compensate the lender for interest payments lost due to early repayment. The structure of these penalties can vary, so it’s important to understand the specifics of your loan agreement.

The primary difference is that SBA Loans are partially guaranteed by the Federal Government, which can make them easier to qualify for if you have less collateral or a shorter credit history. SBA Loans often have lower down payments and more favorable terms as compared to Conventional Commercial Real Estate Loans. However, they also require more paperwork and can take much longer to process.

3 years of Personal & Business Tax Returns
Personal Financial Statement (PFS), we will provide for you to complete
Year to date (YTD) Income Statement & Balance Sheet
Copy of Purchase Agreement (if applicable)
Last 3 consecutive months of Bank Statements
Copy of most recent loan statement if a refinance
Articles of Incorporation on borrowing entity
Form 4506, we will provide
Contractor Resume (on construction loans)
Complete breakdown of construction costs (on construction loans)
Copies of Plans, Specs & Permits (on construction loans)
Turnaround Time: 30-45 days normally

Typically a $1,500 – $2,500 refundable underwriting fee is collected upfront, it becomes non-refundable if client accepts written loan offer and the loan doesn’t close.
Normally 1-2% points are collected at closing depending on the loan scenario.