Are you looking for a fast commercial mortgage closing? Spartan Commercial Mortgage Services is a Commercial Mortgage Company that offers loans that beat the competition. We specialize in financing commercial real estate. We cover most of the United States with a focus on the North East and East Coast. Spartan Commercial Mortgage offers DSCR Loans, Stated Income Commercial Mortgages, as well as Conventional Commercial Mortgages. Furthermore, we offer Fix and Flip, Fix and Hold, and alternative funding solutions.

Commercial Real Estate Types:

Apartment Buildings and Multi-Family Properties
Mixed-Use
Retail as well as Office
Auto Repair (Not Gas Stations)
Day Care
Funeral Home
Beauty Shops
Motels/Hotels
Warehouse
Mobile Home Parks
Campgrounds
Churches
Self-Storage
Dry Cleaner (Drop off only)
Finally, Recreational properties

Ineligible Properties:

Raw land
Likewise, land requiring “ground up” construction (any loan requiring rehab work must equal 10% or less of the property value)
Also, Gas stations (although, we will lend on auto repair/auto body shops) are not allowed.

LTV: Maximum LTV is 80% for Commercial Mortgage Financing.

Credit Score Requirements:

725 Min Score for our Elite Program
660 Min Score for our Traditional Program.
659 Score and under for our Alternative Financing

Closings: Three to four weeks (the timeline is based on how quickly we receive all the required information). Also, the fix and flip (rehab) commercial loan can be closed in under 2 weeks.

Financing Rates: We offer 30 year fixed rates, 25 year fixed rates, 20 year fixed rates, 15 year fixed rates, and 5 or 7 year adjustable rate mortgages. Rates will vary depending on credit score.

Points: While Spartan Commercial does their best to not charge any upfront points, in some cases 1 to 2 points are charged depending on the transaction.

Prepay: Declining 5%-4%-3%-2%-1% Prepay Penalty. Call us for alternative prepayment terms.

States: We transact commercial mortgages in 42 states. Except for Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont and West Virginia.

In conclusion, we are here to help with your upcoming Connecticut Commercial Mortgage. We say “Yes” when your local bank says “No.”

Call us today for a free consultation or click here to get pre-approved.

Thanks,

Michael Meyer

President Spartan Commercial Mortgage Services

mike@spartancommercialmortgage.com

(860) 876-0572