Commerical Mortgage / RTL Financial

Commercial Mortgage Both Large and Small

From small apartment buildings to large retail and industrial centers, we have the programs available to help. Georgia is one of the largest commercial centers in the country and there are always commercial opportunities available for savvy businessman and investors. We understand that every transaction is unique and will take the time to listen to exactly what you want to do and then start showing some options to get it done. We can help you finance most all types of commercial deals including:

Apartment Buildings (min. 5 units)
SFR portfolios (min. 5 houses within the same zip code)
Retail Shopping Centers
Warehouses
Gas Stations
Light Industrial
Restaurants
Office Buildings
And More

Loan Amounts starting as low as $100,000; no ceiling.

Give John a call today at 770-727-9128 and let's get your next commercial deal done.

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How Does Commercial Financing Differ From Residential Financing?

It might surprise you to know that there are a fair number of differences in how commercial and residential financing are handled. Here is a brief explanation of some of the biggest differences.

Borrower's personal credit becomes a secondary consideration - While still an important consideration in underwriting commercial mortgages, a borrower's personal credit is usually given less consideration then the income potential of the property being financed, the borrower's equity position in the property, and the borrower's liquid assets in the deal. So if your credit is not so good, but you have a strong deal financially with some of your own money into the deal, then you can still get financing for your commercial project.
Time to close - The average residential real estate transaction can be closed within 2 to 3 weeks. However the average commercial real estate transaction can take as long as 6 to 12 weeks or more, depending upon the complexity and size of the deal.
Larger Down Payments are usually required - While it is common for residential lenders to finance 95% to 100% of a purchase price, commercial lenders will typically only finance 75% to 90% of a commercial purchase price. This forces the borrower to either put 10% to 25% down on the purchase or find some means of financing that other 10% to 25% (for example the borrower could get the seller to hold a second mortgage for the remaining balance).
More study of the property being financed is usually required - In residential real estate transactions, the most attention that a house usually receives is an appraisal. However in commercial real estate transactions, the property being financed is studied a lot more. Among the items looked at in commercial real estate are: the income/financial figures for previous years, an appraisal, a land survey, an EPA survey, etc. Any and all of these things can be addressed depending upon the type of property being financed.

With so many extra things to look at, every commercial real estate deal becomes unique. Because of this, commercial mortgages are more flexible and don't have the universal guide lines that residential mortgages have. That's why it's important to work with a mortgage professional who will take the time to listen to all of the details and then find the best loan options to suit your needs.

To discuss your current commercial mortgage needs, give John a call at 770-727-9128 and let's get started today.

Disclaimer: This web site is the personal web site of John Worley, loan officer for RTL Financial, Inc. All information provided on this web site is believed to be factual, but is not guaranteed. All mortgage program guide lines are subject to change without notice and all loans are subject to underwriter approval. RTL Financial, Inc is a mortgage broker licensed to conduct business in Washington, Oregon, California, Idaho, Georgia, and Florida.