Which Loan is Best For You?
A good decision is a knowledgeable one. At Centroid Lending, we understand your unique needs and are committed to expertly guiding you with our team of experienced loan advisors. We want to be sure that you are well-informed and understand all of your lending options.
If you’re interested in purchasing or refinancing a multifamily property, getting the right type of financing is key. Centroid Lending is well versed in Agency Loans and can guide you toward the option that best meets your funding needs. Fannie Mae and Freddie Mac are examples of government-backed Agency Loans.
Also known as Conduit Loans, a Commercial Mortgage-Backed Securities Loan is known for its lenient credit requirements and typically has fixed-rate terms of 5, 7 and 10 years. CMBS Loans are used to buy commercial real estate buildings like multi-family living communities, office buildings, or warehouses. They typically offer flexible underwriting standards and use the property itself as collateral.
The Loan Program, SBA’s most common loan program, includes financial help for small businesses with special requirements. An SBA 7(a) Loan offers terms and conditions, which include an attractive rate structure combined with flexible payment plans, that make these loans perfect if you need some help getting your company off the ground.
Similar to other federal agencies like Freddie Mac and Fannie Mae, the U.S. Department of Housing and Urban Development (HUD) is a federal agency that primarily focuses on multifamily unit loans. However, HUD does not finance loans–they insure 100% of the loan in case there is a default, providing greater security for the lender. Since HUD is a government agency, project sponsors get to lock in the lowest interest rate available, similar to AAA bonds.
When it comes to commercial real estate financing, various banks, including national, regional, and local institutions including Credit Unions, offer specialized loan options tailored to specific geographical boundaries and asset classes. Each bank brings its own competitive interest rates, which are often more favorable for businesses. In many cases, these loans are recourse loans, providing additional security for the lender.
What Clients Want to Know
Take a look at some of our most frequently asked questions about commercial loans, to find the information you need as quickly and easily as possible.
If you have any questions after going through the list, get in touch with us and we’ll be happy to assist you.
WHY USE CENTRIOD LENDING INSTEAD GOING DIRECT TO A LENDER?
We are committed to delivering superior service and facilitating your commercial real estate financing needs. Our team possesses a distinguished level of expertise in securing the best rates and terms tailored to your specific requirements.
Trust us to leverage our extensive network and industry knowledge on your behalf.
WHERE DO WE LEND?
We've cultivated partnerships with some of the best lenders all across the United States, enabling us to deliver efficient and cost-effective solutions.