Apartment Houses, Restaurants, Gas Stations, Convenience Stores, Strip Malls, Churches and Elderly Care Centers are just some of the property types classified as Commercial Properties. If you are considering the purchase of these specialized properties, or need to refinance an existing property, Olympic Northwest Mortgage can help.
Did you know that 40 year terms are available for Commercial Properties? Or, that FHA has a special program for construction of or substantial rehab of Mobile Home Parks? Were you aware that 95% LTV loans for Commercial Properties are available and have been for years? There are special programs available for Condo Conversion Projects and special programs for Non-Profit Organizations.
Financing programs for Commercial Properties is even more varied than the types of properties. The requirements for gas station financing are quite different from a church. If you have ever spoken with a commercial lender, you may have felt that he was speaking a completely different language. Just what is DSCR and why does the bank think it is so important any way?
Commercial Loans are very complex and beyond the scope of this web site. If you have a need for Commercial Financing or if you are considering a purchase and need information, please contact Mark Flanders (360)337-0127 or click on the name to email.
