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If you have bad credit and are looking
for a commercial loan in California, we can help. We can help with your commercial loan, regardless of whether
you have good or bad credit.
For our Commercial borrowers with bad
credit, our main consideration is the collateral value of the property.
Typically our maximum loan to value is 65%, although we prefer to stay
at or below 60% as determined by an appraisal. We can consider a commercial loan on all
commercial property types, multi-family, mixed use, hotels, both flag
and non flag, industrial, even churches and other specialized property
types, regardless of good or bad credit.
With bad credit, if you can show
financials for your commercial property, that is going to strengthen
your file, and could be the factor that allows us to place a loan at a
higher loan to value than without. Typically we like to see 2
years of financials, un-audited is fine, but that is a guideline, not a
hard and fast rule. Give us a call, we are very creative and will
work with you to build the best commercial loan package possible.
We do not require a minimum debt coverage, will work with bad credit,
and will make commercial loans throughout the state of California and
select states nationwide.
If you are looking for a commercial
loan, but have been turned down due to bad credit, give us a call or complete our contact form and we will be
in touch with you within 24 business hours. We make and arrange commercial loans directly, and will not sell or distribute your personal
information.
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