WHO WE ARE
September 2, 2019
These 4 things determine if you qualify for a commercial real estate loan
Credit score: You may get a traditional or SBA loan with a high personal credit score. Around 700 is the minimum. A credit score of 550 or higher is needed for a hard-money real estate loan.
Real estate collateral value: Based on the value of the property you’re looking to purchase. The property itself will act as collateral on the loan and can be sold off if you don’t make payments.
Time in business: The longer your business has been around, the less of a risk you'll appear to lenders.
Debt service coverage ratio: Your DSCR is f your net annual income divided by your loan payments. A DSCR of at least 1 tells lenders you’re a good bet.