Loan Programs

Small Balance Loan: $500,000 to $5,000,000
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Small Balance Loan Programs deliver low interest rates to the smaller income-producing or owner-occupied commercial property. The definition of a Small Balance Loan varies amongst Lenders but generally ranges $500,000 to $5 million. There are individual lender exceptions to the dollar limits at both ends of the range.

Closing costs are held in check through streamlining the application, underwriting, legal, and closing processes. The savings are passed through to the borrower. Some Lenders even cap third party report costs.

Interest rates are usually considerably lower than those available from local lenders.

CMR is an approved correspondent or broker to several of the nation’s leading small balance lenders.

Permenant Loan: $4,000,000 to $20,000,000 or more
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Large Permanent Loans attract more Lenders than small balance loans. These loans are available for both income-producing and owner-occupied property. Interest rates are typically set by a spread over an index such as the 10-year treasury yield and normally fixed for the loan term, although variable rate programs are readily available.

Interest rates are historically among the lowest available.

Lenders include Life Insurance Companies, Wall Street Conduits, Nationally-Focused Banks, Pension Fund Advisors, REITs, Regional Lenders, and others.