NEW CONVENTIONAL LOAN PROGRAM
Dominion announces a new conventional (non-SBA) loan program for commercial properties nationwide. These mortgage loans, which are in addition to Dominion’s other lending programs, targets loan sizes up to $5 million with fixed interest rates for 3, 5 and 10 year terms.
Qualifying property types: office, industrial, retail, light automotive, self-storage, assisted living, mixed use, and some special use.
No auto dealerships, car washes, hospitality, night clubs, fitness centers, land or construction financing is offered under this new program.
The LTV’s vary by property type and when possible we try to accept existing third party reports to lower the cost to the borrower and close quickly.
Call us now for a quote on your next commercial real estate loan.
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