Commercial Mortgage Loans In Houston, Texas

A commercial mortgage is any loan secured on property, which is not your residence, such as retail centers, office complexes, hotels and apartments. Just like residential mortgage loans, banks and independent lenders offer loans on commercial real estate. On top of that we have, insurance companies, pension funds, private investors and other capital sources, including the U.S. Small Business Administration’s 504 Loan program, offering loans for commercial real estate.

Commercial real estate loans can be used to buy property for your business to operate out of and to buy income producing commercial properties. But since almost every other kind of properties are different, each loan has to be assessed individually and priced according to the risk.

Banks offering commercial loans are mostly quite conservative. It's pretty hard to qualify for a long-term real estate mortgage, one has to demonstrate a track record of success to the bank. In addition, most banks have a down payment requirement in the 25% to 30% range. It can be a challenge to get through all of the requirements to loan approval.

What Property Is Eligible For A Commercial Mortgage Loan in Houston, Texas

Here are the most common type of commercial properties in Houston:

• Apartment / Multifamily Units
• Assisted Living
• Congregate Care
• Hospital
• Independent Living Facility
• Medical Clinic
• Rehabilitation Center
• Skilled Nursing Facility
• Shopping Centers
• Hotels
• Office Buildings
• Industrial Warehouses
• Multifamily Apartment Buildings
• Mixed-Use Projects
• Mobile Home Parks
• Parking Garages
• Restaurant (Real Estate based)

What Is Considered For When Applying For A Mortgage Loan in Texas

When you start shopping for your mortgage loans, there are a few key things every lender will look for when reviewing new commercial finance applications:

• Debt Service Coverage Ratio
• Past Commercial Real Estate Experience
• Credit History
• Collateral
• Loan To Value Ratios

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