Commercial Real Estate Financing
A Commercial Real Estate loan is an income-producing property used solely for business (rather than residential) purposes, such as retail malls, shopping centers, office buildings and complexes, and hotels. Financing; including the acquisition, development, and construction of these properties; is typically accomplished through commercial real estate loans – mortgages secured by liens on the commercial property.
Commercial Construction / Development
A Construction or Development Loan is an advance of funds, secured by a mortgage, to finance the making, installing, or constructing of the improvements necessary to convert raw land into construction-ready building sites. In other words, this loan takes an unimproved parcel and breaks it up into several smaller, improved parcels upon which homes or commercial buildings will be constructed. Some examples might be subdividing, leveling, grading, building roads, and bringing sewer, water, and power to the site.
Commercial Term and Equipment Financing
Equipment financing is designed specifically for the purchase of business equipment. The business makes a specified number of payments towards the loan amount over a fixed length of time and once the debt is repaid, own the equipment free and clear. Commercial Alliance also provides refinancing options for consideration.
Commercial Line of Credit
A line of credit is a financing solution that allows a company to draw up to a predetermined amount of money. It can only be used for business purposes. To get funds, you request a draw from the line. You can pay the line back at any time, which increases your funds’ availability. Most simple revolving lines of credit operate much like a conventional credit card operates.
SBA Loans
Commercial Alliance offers a variety of SBA loans. Below is a brief list of some of the programs we offer. For more information please call us at (800) 518-4096.
- SBA 504 – A long-term financing tool designed to encourage economic development.
- SBA 7(a) – Allows eligible borrowers to receive a longer maturity, creating lower payments and higher cash flows.
- USDA – USDA Rural Development operates over fifty financial assistance programs.
Participation Loans
Whether buying or selling loans, credit unions have similar risks in monitoring and managing loan participation. Purchasing lender risks are centered on due diligence (credit analysis), strategic planning, and documentation review. Sellers’ risks are centered on regulatory compliance, full disclosure, and credit administration. Loan participations provide an opportunity to diversify and manage your portfolio. Our team of experts offers the following services:
- Due diligence on participation institutions
- Full underwriting on participation loan requests
- Assistance in purchasing and selling participation loans
- Investor reporting and funds management
- Easy matching of buyers and sellers with our network of lending institutions
Our Credit Unions
We have multiple credit unions across the state including Community Choice Credit Union and Team One Credit Union.