Purcell Capital’s mission is to facilitate access to capital for business owners and real estate investors looking for an easy funding process We offer a variety of commercial mortgages with loan amounts starting at $150,000 up to $50,000,000, fixed-interest rates starting as low as 6%*, and terms from 1 to 30 years.
With banks declining most candidates for business land contracts, Purcell Capital endorses rapidly with a basic application process. Supporting for business properties is accessible in each of the 50 states, with terms going somewhere in the range of 1 to 30 years. Our non-bank business loaning arrangements likewise have higher endorsement rates than banks.
Address one of our credit consultants and we will assist you with finding the right business land advance for you.
Call us at (813) 820-1518, or visit our office in Meridian/Idaho.
COMMERCIAL REAL ESTATE LOAN
May help you purchase or refinance your owner-occupied commercial property
Let Our Team Of Professionals Help You
Mortgage Loan Consultants help!
If you find the perfect deal, but you still need to find the right financing… Let our team of professional finance consultants help you.
- Fast approvals
- All credit scores accepted
- Loans ranging from $150,000 up to $5,000,000
- Loan-to-value (LTV) up to 80% of the purchase price
- Flexible terms, both fixed and adjustable
- Quick underwriting
- Competitive rates
The Types Of Commercial Real Estate Loans We Offer
Choose from the various types of commercial real estate loans that we have available, as well as what does
qualify as profitable property to us as lenders..
Private Commercial Property Loan
Purcell Capital’s offers Long-term fixed-premium business contract advances to land financial backers or entrepreneurs who wish to rapidly close. The advance could be gotten by essentially a wide range of business property, including: retail, cafés, distribution centers, office space, land, blended utilized, duplexes, multi-nuclear families, and that’s only the tip of the iceberg.
Jumbo Loans For Investment Properties
Hoping to make an interest in properties above $5MM? With Purcell Capital, you can get supported for a gigantic credit rapidly and effectively with insignificant documentation. We make shutting simpler for those bigger exchanges. Reach us today. Our enormous credits for business properties are accessible in each of the 50 states.
Fix and Flip Loans - Hard Money Loans
Might it be said that you are a land financial backer that flips properties? We offer fast closings, high LTVs, and recovery assets to assist you with finishing fixes. With LTVs of up to 80% and up to 100 percent of recovery reserves gave, Purcell Capital can be an extraordinary hotspot for subsidizing your fix and flip deals. Our credit sums range from $150,000 to $50,000,000, with terms from 6 to 14 months, and paces of 7% to 14%. These credits are proposed to either buy property, or as a cash out renegotiate for any properties you may currently possess.
Rental Investment Property Loan
Numerous land financial backers decide to buy different properties, and produce a constant flow of month to month rental pay. Assuming this sounds like your land venture methodology, contact Purcell Capital to ask about our rental speculation property advances. These kinds of credits go as long as 30 years, with serious rates beginning at 6%, and LTVs of up to 80%. A base FICO rating of 620 is required.
Cash out refinance: If you already own property with sufficient equity
Purcell Capital can offer you a cash out renegotiate to assist you with getting extra assets. All FICO ratings are acknowledged, and closings can happen in as quick as about fourteen days. For all intents and purposes all venture and business property types are acknowledged, and we can offer a LTV of up to 80% of the market esteem..
Vacant Land Loans
Getting funding with empty land as insurance can be troublesome, as numerous moneylenders won’t work with this property type. Luckily, Purcell Capital’s land supporting projects incorporate empty land advances in every one of the 50 states. Our LTVs are normally covered at half for this property type, and we can either fund a buy or we can offer a money out renegotiate utilizing the value of the property.
Commercial Real estate Loan Calculator
Grow Your Real Estate Business Today!
Types of commercial real estate properties we lend for:
- Multi-Unit Mixed Use
- Multi-Family Residential
- Apartment buildings
- Vacant Lots
- Hotels & Resorts
- Office Buildings
- Retail buildings
Applying with Purcell Capital is as easy as 1, 2, 3…
Complete a web-based application structure. You can likewise apply via telephone of fax the application. We can support inside 1 to 3 work days.
One of our delegates will reach out and we will work with you on getting the best credit sum, interest, and terms.
We will accumulate all the documentation required and move to the guaranteeing system. Shutting takes around 1 to 3 weeks.
Commercial Real Estate Loans Frequently Asked Questions
Q. What is the current interest rate for commercial mortgages?
Our interest rates range between 6% and 14%. That said, your final interest rate will be calculated based on the strength of the whole application (property type, location, credit score, real estate investment experience, etc.). Please apply and we will give you a free no-obligation quote.
Q. What are the requirements for a commercial real estate loan?
To apply for any of our real estate loan and commercial mortgage products, loan requests must meet 2 basic requirements: 1) the property must be commercial or a non-owner occupied residential property (only investment properties, no primary homes), 2) the property value must be at least $150,000.
Q. What Documents are needed for a commercial loan?
We’ll need at least 4 months of bank statements showing capacity of repayment, a recent copy of your credit score, a purchase agreement (if a purchase) or a recent mortgage statement if a refinance, and an appraisal (if available).
Q. How much do I need as a down payment for a commercial real estate loan?
20% to 40% down in most cases.
Commercial Mortgage Broker Program
Collaborate with Purcell Capital, a main supplier of elective business credits, hard cash credits, and business contracts, situated in Meridian/Idaho. Help your clients by working with admittance to financing for their business land projects, and procure a commission when your client chooses to work with us.
Figure out more about our business contract reference program and join today. It’s easy to join and there’s no expense included!
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