Commercial Mortgage Rates July 2020 gives an overview of where the commercial mortgage market is presently at during then pandemic.
- Full Doc Loans: Commercial Mortgage Rates July 2020 are still a bit sporadic. Whereas prior to the pandemic rates were in the high 4s on an 80% ltv 30 year fixed loan, now it is a different story. Presently, commercial lenders are preferring to stay 65% LTV and under and these rates are in the 7s to the 8s.
- Lite Doc Loans: Competitive pricing for investors and business owners who are unable to provide tax returns. These Stated Income Mortgages are also at 65% LTV with rates the same as Full Doc Loans.
- No Doc Loans: No tax returns, bank statements, leases, rent rolls, or historical operating statements required for loans of $100,000 to $300,000*
- 1-4-Unit Loans: Bank/SBA alternative solutions for 1-4-unit investor deals
Spartan Commercial Mortgage Services is your commercial lending expert. We offer fixed commercial mortgages with great rates and fast closings. Most important, we work with our clients every step of the way to get your loan closed. We pride ourselves on customer service above all else.
Call us (860-876-0572) today for a free consultation or click here to have us contact you online. The pre-approval process is easy and we will get back to you quickly!
Spartan Commercial Mortgage is a proud vendor for CTREIA and works with Real Estate Investors throughout the nation. This Commercial Mortgage Rates July 2020 article does not give a complete overview of the market. For a more in-depth rate analysis please feel free to call or email me at the number below. We look forward to working with you as well as assisting you in your upcoming transaction.
Thanks,
Michael Meyer
President Spartan Commercial Mortgage Services
mike@spartancommercialmortgage.com
(860) 876-0572