While we offer the most competitive financing products from institutional lenders for commercial properties, we also have access to private investors and hard money lenders.
Here at Pronto Commercial Funding, Inc. we can get your financing needs handled quickly, sometimes in less than a week. Compare that to waiting 2, 3, or even 4 months for an answer. It isn't just about speed, though. Our specialty is with financing difficult projects. Transactions that banks and conventional lenders won't approve due to issues with the real estate, borrower, business, or other problems.
Most lenders look for ways to kill deals. We look for ways to make them happen.
We offer access to both traditional (institutional) and private (hard money) investor loans typically peak at 65% loan-to-value. We offer an loan product that increase the limit to 80%, and with a seller carry-back, up to 90% loan-to-value.
Need to borrow more than any other commercial lender will allow? We have a Leased Bank Instrument product than enables us to offer loans with LTVs or loan amounts that most Hard Money loans can't compare. Use the proceeds for purchase or construction of your commercial project.
If your loan note has been called, or the rate review has increased your payments to an intolerable level, we can consult with you on possible courses of action. Perhaps prescribing an alternative loan program, or perhaps an alternative solution.
You may be looking at an expansion. If so, we also do construction loans, construction-to-perm loans, mezzanine financing, and offer many other financing solutions.
Every commercial financing situation is unique. And complex. That's the nature of the beast. We'll review your project, discuss your specific needs with you, and create a custom program to suit your needs.
Here are just a few examples of some key comparisons:
Amortization: Most traditional lenders will provide a maximum of 15 to 20-year loan amortization. Pronto Commercial Funding, Inc. gives you access to 25 and even 30-year amortization. By stretching your mortgage payments over a longer period of time, you can significantly improve your cash-flow by lowering your payments.
Terms: The most common commercial loan terms available for commercial lending are typically variable/adjustable rates accompanied by a balloon-payment after a specified period of time. Getting a fixed-rate mortgage longer than 5 years from a reputable lender is unheard of. And, eliminating the expected balloon-payment is just as rare. But, Pronto Commercial Funding, Inc. offers you the option of getting a 15, 20 or even a 30-year option with NO balloon-payment! Now that's some peace of mind!
Rate Review: This is a term that many lenders use in order to soften the blow off a "balloon" payment or a call. Basically what it means is that after a certain period of time (usually 5 years) the lender will review the rate and make sure that it's in line with how much interest they could charge in the market at that time for your kind of loan. If the rates are higher you have to refinance to re-qualify at the higher loan rate. If the rates are lower you typically keep your loan-rate right where it is.
You will be overjoyed at not having to deal with ANY rate review programs when you refinance with us. Once we start a business relationship with
customers, we'd like to keep it on the same note we began with (meaning the same interest rate) unless we can offer them even better terms later on down the road.
Loan-To-Value: Getting the highest amount of financing for the intended project is a critical issue to most of our borrowers. After all, what small-business person is typically sitting around with 40-70% equity in a commercial building or has that much money to put down for a purchase? Pronto Commercial Funding, Inc. pushes the envelope for you by offering 5-25% more financing for your projects than is typically available thus giving you access to the cash you need or keeping more cash in your budget for operating expenses.
Property Seasoning: Suppose one of you get a great deal and buy a property that's worth quite a bit more than you paid for it and you make a few improvements and perhaps even find a great tenant or two. Retail banks often require you to sit on that equity for at least a year before you can access it through a refinance. Pronto Commercial Funding, Inc. knows that cash is king and is the most important aspect to a business' success. So, we've created a product that will allow you access to that cash without regard to how long they've owned the property! That's right, you can have unlimited cash out, regardless of how long they've owned the property! (some property and loan documentation restrictions may apply.)
Use our handy Loan Application to apply today.
You may qualify to become a Commercial Financing Referral Partner.
For help with residential mortgages, visit www.lightning-mortgage.com
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