Commercial Properties

There are several niche programs offered by Portfolio Mortgage to assist the commercial real estate owner or buyer. Among the types of commercial properties we can finance are:

• small office buildings
• small industrial buildings
• small apartment buildings
• churches
• multi use properties- combination of residential and commercial
• small retail strip centers
• stand alone buildings (bars, convenience stores, etc.)
• car sales lots (no underground storage tanks)
• construction add ons
• vacant commercil zoned land
• farms or acreage

Advantages to the borrower:

• no minimum square footages
• fixup properties are ok
• greater value in the land than the building is ok
• minimum loan $25,000
• no prepayment penalty
• fully amortizing loans available with no balloons
• balloon programs available with lower monthly payments
• borrower pays own taxes and property insurance

Some borrowers may wish to borrow as little as $25,000 to $50,000 to purchase inventory, pave a parking lot or reroof a building, or "pull cash out of the equity" to purchase another property or for any other purpose. Occasionally, such a small loan does not involve the cost of an appraisal and an existing low interest rate first mortgage does not have to be paid off.

Loan Officers: Please see our Underwriting Guidelines