Spartan Commercial Mortgage Services is a Commercial Mortgage Company that offers 30 year fixed Commercial Mortgage Loans. We cover most of the United States with a focus on the North East and East Coast. We offer Stated Income Commercial Mortgages as well as Conventional Commercial Mortgages. As well, we offer DSCR Loans. Even more, we work with you every step of the way to get your loan closed quickly.

There are many different types of Commercial Buildings we offer financing on. Retail, Warehouses, Storage, Light Industrial, Mixed Use, and Stand Alone Buildings are easily financed through our program. As well, we offer single family and 2-4 unit 30 year fixed commercial mortgage loans.

All Allowed Property Types:

Apartment Buildings and Multi-Family Properties
Mixed-Use
Retail and Office
Auto Repair
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 a Commercial Building

Credit Scores for Commercial 30 Year Fixed Loans:

725 Min Score for our Elite Program
650 Min Score for our Traditional Program.
649 Score and Below for our Hard Money Solutions

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 4 weeks.

Commercial Mortgage 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 commercial building Loan. We say “Yes” when your local bank says “No.” Since we specialize in this type of financing we are able to help you get your commercial mortgage closed quickly. And, as said earlier, we will work with you every step of the way. Because the approval process for Commercial 30 Year Loans is seamless – your loan will close quickly.

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