Opening of Ace Hardwood Store. Loan provided by Commercial Loan Direct.
Commercial Loan Direct offers interim financing or bridge loans on commercial properties including; Multifamily, Office, Industrial, Retail, Self Storage, Assisted Living-Congregate, Hotel/Motel, Special Use (most commercial properties with the exception of outlet malls and land).
Bridge financing gives owners the flexibility they need to reposition and stabilize properties. Commercial Loan Direct's quick turnaround allows the borrower to close in a shorter time frame than otherwise required for traditional permanent loans. Commercial Loan Direct’s conventional loan programs can provide permanent financing upon stabilization, creating a seamless exit strategy.
The purpose of this bridge loan is to stabilize and existing apartment complex and upon stabilization refinance with our Fannie Mae or FHA loan products taking advantage of our low agency based rates.
The Agency Gateway Program is geared toward multifamily owners who don't currently qualify for Fannie Mae or FHA financing, but is part of the owners exit strategy. The program will give the borrower additional time to stabilize the property to meet agency guidelines.
The Bridge Loan Program is ideally suited for property repositionings, value-added transactions, temporary financing for pre-HUD take-out financing, and 1031's.
What Clients Say About Us
Fernando and Leanne are amazing. I had many small businesses that need refinancing over the years. I have met many Brokers and there is always a catch. ALWAYS!… Use them! Once you do you will work with them forever
- Nirav Patel
If you searching for a great experience Commercial Loan Direct is the place. Leanne took care of me and honestly had the greatest experience. She handled all of my needs in a smooth and timely manner listened and addressed any concerns I had about the process and was very patient. I can be quite a handful at times and Leanne was so professional and kind hearted. I'd 100% recommend this company. Thank you again.
- Vincent Arias
We were in unfamiliar territory when it came to refinancing. Commercial Loan Direct streamlined the whole process for us. Leann connected us with lenders that were the right fit for us. The money and time we saved was so worth it. I highly recommend them
- Rita Pisarski
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