Commercial Loans with Castle Rock
Many lenders claim to know about commercial loans. We actually know commercial lending. Our leadership team has formal commercial credit backgrounds and years of commercial lending experience from banks large and small. From multi-family properties to factories, office buildings to retail centers, we can help finance the project. Here are just some of the types of commercial loans that we can help you obtain. You’ll want to call us and talk through your scenario. If anyone can help, it’s likely that we can.
CONVENTIONAL COMMERCIAL LOANS
Commercial Loans that are typically available at banks and credit unions are considered to the be Conventional Commercial loans. The collateral is nearly any type of commercially-zoned real estate. Conventional Commercial Loans are normally broken down into two different types: C&I and CRE.
C&I, or Commercial and Industrial Loans, are usually owner-occupied where the funds that go to paying down the debt come from the business operations of the occupying business. This type of loan is the most common type for community and commercial banks.
CRE, or Commercial Real Estate Loans, are loans on income producing property where the funds that go to pay the debt are from rents paid for that property. Apartment Buildings, Retail Centers, and Office Buildings are common types of CRE Loans.
Unlike residential loans where very specific rules are in place for underwriting of the loans, each commercial loan tends to be unique.
CMBS LOANS (COMMERCIAL MORTGAGE BACKED SECURITIES)
Wall Street provides a fantastic source of liquidity for commercial lenders. CMBS Loans, or Conduit Loans as they are commonly known, usually have very flexible guidelines and provide lenders with options that go well beyond what they could do with a loan that they hold on their books. Loans are packaged into “traunches”, or groups of loans and pieces of the trauches are sold to investors. It allows lenders to make loans to borrowers that might be difficult for them to carry on their balance sheets and, therefore, allows borrowers to obtain loans that they might not be able to get through conventional sources.
SBA LENDING
The SBA works with lenders to provide loans to small businesses. The agency doesn’t lend money directly to small business owners. Instead, it sets guidelines for loans made by its partnering lenders, community development organizations, and micro-lending institutions. The SBA reduces risk for lenders and makes it easier for them to access capital. That makes it easier for small businesses to get loans.
SBA Information Form
Our experienced SBA Team has created this on-line form for you to enter the information we need to get your SBA loan approved. Take a few minutes to complete this form and let us get to work for you.
We Make the Process Easy
Simply call us and explain what you seek in a commercial loan. We’ll work with you to devise the best program for you, collect the appropriate documents, and guide you through the process to make your dream of a commercial loan a reality.
Castle Rock Capital Funding, LLC is a Florida LLC (NMLS 2318381, 3813 Bellewater Blvd, Riverview, FL 33578. Douglass Smith, Principal Broker – Licensed Mortgage Loan Originator (NMLS 1984040).
About Us
A family owned company; Florida-based licensed mortgage broker. Please click on About in the headers to learn more.
Company NMLS: 2318381
www.nmlsconsumeraccess.org
