Purchase and acquisition

Commercial Purchase

Finance the acquisition of commercial property on the date the contract sets.

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Acquisition financing for investors and business owners buying commercial property. A purchase runs on someone else's clock: there is a seller, a signed contract and a closing date, and the money has to be ready before the due diligence period expires. We work the file across multiple lenders so the timeline is set by the deal rather than by one bank's queue.

A commercial purchase loan finances the acquisition of an income property or of the building a business operates from. What separates it from every other program here is that the deadline is not yours: the contract names a closing date, and missing it can cost the deposit.

Underwriting starts with the property and the price. Leverage is set on the lesser of the purchase price or the appraised value, which is why a bargain does not automatically translate into a smaller down payment — it usually means the appraisal stops being the binding number. Expect to document the down payment and closing costs as funds already seasoned in your account, and to hand over the rent roll and leases if the property is already producing income.

Owner-occupied purchases are underwritten twice over: once on the building and once on the business that will be paying for it. That is normal, and it is worth flagging early, because the operating company's financials take longer to assemble than the property documents.

The appraisal and the title work are almost always what set the pace, and neither speeds up because a file is urgent. Working the deal across several lenders instead of a single balance sheet is what lets us tell you at the outset whether the contract date is realistic — and, when it is not, which lender can actually meet it.

When this loan fits

Buying an income-producing property that already has tenants in place.
Closing on a property under contract before the due diligence period runs out.
Acquiring the building your own business operates out of.
Adding a commercial asset to a portfolio held in an LLC.
Taking down a property a conventional bank declined on timing, not on merit.

What you need to apply

Nothing here is a surprise later. If something is missing we will tell you on the first call.

The executed purchase contract, with its closing date.
An appraisal — leverage is set on the lesser of purchase price or appraised value.
Proof of funds for the down payment and closing costs, seasoned in your account.
A rent roll and the leases, if the property is already producing income.
The entity documents, if title will be held in an LLC.
A title commitment clean enough to place the lender in first position.
Environmental and condition reports, on the asset classes that call for them.

Eligible properties

Multifamily
Retail
Office
Industrial and warehouse
Medical and dental office
Restaurants and hospitality

Common questions

How much do I need to put down on a commercial purchase?

It depends on the asset class and on whether the property already produces income. Leverage is set on the lesser of the purchase price or the appraised value, so buying below market does not by itself lower the down payment — it usually just means the appraisal is not the binding number. We quote the actual figure once we have the contract and the appraisal in hand, rather than publishing one that would not survive underwriting.

What is the difference between this and a commercial refinance?

A purchase finances an acquisition: there is a seller, a signed contract and a closing date, and the file is underwritten against the price being paid. A refinance replaces the loan on a property you already own, and the clock is yours rather than the contract's. If you are buying and plan to refinance later once the property stabilizes, say so at the outset — it changes how the first loan should be structured.

Can I buy the building my own business operates from?

Yes. Owner-occupied commercial property is one of the most common uses of this program. Underwriting looks at the building and at the business that will be paying for it, so expect the operating company's financials alongside the property documents.

How quickly can a commercial purchase close?

We work backward from the closing date in the contract. The appraisal and the title work are almost always the long poles, and neither moves faster because the file is urgent. What we can do is tell you at the start whether the date is realistic, instead of discovering it a week before closing.

Figures shown are current published parameters and are not an offer or commitment to lend. Availability, pricing, leverage and timelines vary by property, sponsor experience and market conditions.

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