Commercial Loans: Financing Your Future
For long-term professional success, you’ve got to find the right commercial property with the right commercial loan. The mortgage professionals at Prosper First Funding Corporation – Nima Rezvan help local business owners find the right financing for long-term success. We offer a wide spectrum of rates and terms to meet each business’s individual needs. We connect commercial clients in Fairfield, Stanford, Norwalk, Trumbull, and nearby Connecticut with all types of financing needs. Contact us to schedule a complimentary consultation and get a free quote.
Conventional and Nonconventional Solutions
Commercial loans are available to purchase commercial property, to refinance an existing loan, or to redevelop a property. Different businesses have unique needs, so a great commercial mortgage company will provide several types of conventional and nonconventional financing.
We offer conventional commercial mortgages, which are fully funded and insured by private lenders. We also provide government-secured small business association (SBA) loans.
The most common types of conventional loans we provide are:
- Real estate purchase loans: These are a standard type of commercial financing in which the borrower or borrowers’ finances are evaluated to determine if they’re eligible for financing.
- Hard money loans: Hard money loans are equity-driven loans in which lending decisions are based on the value of the property, rather than a borrower’s finances.
- Bridge loans: Bridge loans are short-term loans that usually have high interest rates that are designed to bridge the “gap” until a more long-term financing solution is available.
There are two common types of SBA loans, known as the SBA 7(a) loan and the SBA 504 loan. The SBA 504 loan has a minimum loan value of $125,000 and the SBA 7(a) loan has a minimum of $50,000.
Commercial loans can be used for all types of real estate for companies with different needs, such as office space, store fronts, warehouses, apartments, multifamily homes and other rental property, factories, and any other business-use property. They may amortize over time or have a balloon payment at the end of the loan term.
Find the Right Funding for Your Business
When you’re ready to learn more about different commercial financing options, contact Prosper First Funding Corporation – Nima Rezvan. We can provide a no-obligation quotes and can help you compare different solutions. We work with business clients in Fairfield, Stanford, Norwalk, and Trumbull, CT.