While The Financing Hub focuses on commercial real estate loan programs, it is not strictly offering commercial mortgages. As a true marketplace, our lending partners have the ability to offer a wide variety of lending programs from project equity financing to unique loan options that cater to a specific market segment. Below you can access the forms of any of our programs which will get you started on getting the financing that you or your client need.
CONVENTIONAL COMMERCIAL MORTGAGE PROGRAM
The Conventional Commercial Mortgage Program connects you and your clients to an expanding pool of commercial mortgage lenders. As one of the first electronic marketplace systems dedicated to purchase or refinance commercial or industrial buildings, retail place, or multi-family properties. Perfect for any commercial or investment properties. The Financing Hub has lenders for both 1st and 2nd mortgages with loan amounts from $100,000 to $150,000,000.
The eco-retrofit financing program captures financing options that support the equipment and installation costs of new energy efficient systems. With financing levels typically at 100% the funding is matched against the expected energy savings so that cash outlays compared against current electrical/hydro cost are reduced.For those that require assistance with pre-project energy savings assessment audits Hub resource partners are available to help. This is not a mortgage program and does not carry a lien of the underlying property.
CONSTRUCTION LOAN PROGRAM
The Construction Loan Program supports new construction of commercial properties, multi-family projects or developer builds of commercial or residential properties. Loans from $400,000 to $3 million and for projects $10 million and over.
COMMERCIAL FINANCING PROGRAM
The Commercial Financing Program is meant for smaller loan requests in the ranges of $350,000 to $4,000,000 and supports a broad range of property types. Terms range from 1 year to 5 years and is available for purchases, refinances and equity takeout (on a case by case basis). This is an ideal program for small commercial and retail operations.
$50,000 to $1.5 million. Term – 3 months, 6 months, 9 months, 12 months. Existing properties only – no new construction. Properties must be located in an urban setting with a population of 65,000 or more. Eligible properties include any existing commercial, retail, or mixed-use properties, multi-family (3 or more) rental properties and single family residences where the property has been purchased solely for the purpose of renovation then re-sale.
EQUITY FINANCING PROGRAM
The Equity Financing Program is available for any revenue generative properties. This product is ideal for hotels, care centers, commercial properties and development projects. The funds can be used for purchases, refinance, and equity for major renovations. The loan amounts and terms vary, however the minimum equity requirement must be $5 million and the minimum equity stake must be no lower than 40%.
READY FOR SALE FINANCING
The Ready-For-Sale Financing Program is for assistance with the sale of a property and/or any element of getting ready for the sale of commercial properties. This program is meant for short term financing with terms ranging from 1 to 6 months. Loan amounts range from $25,000 to $100,000.