New York Commercial Mortgage Loans

Contact Us Today for Access to the Top Commercial Real Estate Lending Institutions in New York.

Contact Cent Banc today if you need financing solutions for your purchase or refinance of your commercial property in New York. Cent Banc offers a wide variety of commercial loan products for commercial property owners, investors, and professional representatives in New York. Our team of experts specializes in sourcing lenders for construction projects, apartment and multifamily buildings, retail and shopping centers, warehouse and industrial units, special purpose and investment properties, and hotels. Whether you need an acquisition loan, construction loan, rehab loan, bridge loan, mini-perm loan, or are just looking to refinance, Cent Banc has creative and flexible financing solutions for you or your client. We offer competitive interest rates and terms with our wide variety of commercial loan products for New York commercial properties.

Available Loan Products

Apartment

Apartment & Multifamily Loan Highlights

  • $3MM-$50MM Loan Amounts
  • Loan terms up to 35-40 years
  • Loan LTVs up to 80% through FHA, Fannie Mae, and Freddie Mac
  • MAP Lenders who provide the highest efficiency and fastest approval for Agency Loans
  • Apartment Loans from 5 to 1,000 units
  • Non-recourse Apartment and Multifamily Loans available through Conduit and HUD
  • Some loan products have no or low prepayment penalties
  • Financing for mixed-use properties at competitive rates
  • Potential for assumable financing on Non-Conduit loans
Commercial Construction
construction loans

Commercial Construction Loan Highlights

  • $5MM-$75MM Loan Amounts
  • 90% Max CLTC
  • 5 Year Maximum Term
  • Non-standardized underwriting guidelines
  • Interest Only payments during construction and a balloon payment due upon completion
  • Variable-Rate Loans priced at a spread to the Prime Rate
  • Draw schedules based on stages of construction
  • Rate-lock agreements may be available
  • For Apartment and Multifamily Loans, we only utilize HUD Multifamily Accelerated Processing (MAP) Approved Lenders
Hotel
Interior-Hotel-Bedroom-with-Beautiful-Scene

Hotel Loan Highlights

  • $5MM-$50MM Loan Amounts
  • 80% Max LTV
  • Construction and Mini Perm Financing
  • Take Out Loan at Certificate of Occupancy
  • Acquisition Financing
  • Bridge Financing to Stabilize a Hotel
  • Private Funding for Value Added Properties
  • Portfolio Loans to unlock Equity to buy Other Properties
  • Mezzanine Loans or Potential Equity Source Introductions
  • Furniture Fixture Equipment and Information Technology Financing
Industrial
urbandev-industrial-warehouse-The-Registry-real-estate2

Industrial/Warehouse Loan Highlights

  • $5MM-$100MM Loan Amounts
  • 75% Max LTV
  • Rehab Financing
  • Mezzanine with and without equity participation
  • Construction Financing available
  • Conduit non-recourse loans
  • Short Term ARMs and Fixed Rates
  • Private Banking Rates at LIBOR plus
  • Aggressive Underwriting in large MSAs
Residential Construction
New residential construction home framing against a blue sky

Home Construction Loan Highlights

  • $1M – $10M loan amounts
  • Starting rate is 4%-4.50%
  • 6-12 month term
  • 65% maximum combined loan-to-value (LTV) on broken construction projects
  • 75% maximum loan-to-value (LTV based upon future value) on ground-up construction projects and 70% loan-to-cost (LTC).
  • Non owner occupied residential properties
  • Due to regulatory constraints, no roll-over to perm financing is available at this time.
  • Each loan is priced case-by-case. Loan to values/cost express a maximum and are subject to review.
Retail
shopping-center-financing

Retail Shopping Center Loan Highlights

  • Retail loans from $3MM-$50MM at exceptional rates
  • Financing for mixed-use properties at competitive rates
  • We source from Conduit, Regional, and Institutional Lenders
  • Rapid underwriting decisions for Acquisition or Refinancing
  • 30 year fixed rates and short term ARMs
  • Principal balance pay-downs or cash-out options
  • Potential for non-recourse predicated on asset and borrower
  • Dark Anchor with paying national tenant case by case
Special Purpose
Investment-Property-Loans-rehab-loans-special-purpose-loans-centbanc

Special Purpose Loan Highlights

  • $1MM-$50MM Loan Amounts
  • Commercial and Residential Condo Units in large MSAs
  • Owner Occupied Businesses
  • Parking Garages and Storage Facilities
  • Offices and Workspaces
  • New York City Co-operatives with Underlying Mortgages
  • Mixed Use Properties supporting a Retail Component
  • Non HUD Construction Loans to 80% LTV (extremely strong financial capacity required)
Funding your Project

Contact Cent Banc today if you need financing solutions for your purchase or refinance of your commercial property in New York. Cent Banc offers a wide variety of commercial loan products for commercial property owners, investors, and professional representatives in New York. Our team of experts specializes in sourcing lenders for construction projects, apartment and multifamily buildings, retail and shopping centers, warehouse and industrial units, special purpose and investment properties, and hotels. Whether you need an acquisition loan, construction loan, rehab loan, bridge loan, mini-perm loan, or are just looking to refinance, Cent Banc has creative and flexible financing solutions for you or your client. We offer competitive interest rates and terms with our wide variety of commercial loan products for New York commercial properties.

Available Loan Products

Apartment

Apartment & Multifamily Loan Highlights

  • $3MM-$50MM Loan Amounts
  • Loan terms up to 35-40 years
  • Loan LTVs up to 80% through FHA, Fannie Mae, and Freddie Mac
  • MAP Lenders who provide the highest efficiency and fastest approval for Agency Loans
  • Apartment Loans from 5 to 1,000 units
  • Non-recourse Apartment and Multifamily Loans available through Conduit and HUD
  • Some loan products have no or low prepayment penalties
  • Financing for mixed-use properties at competitive rates
  • Potential for assumable financing on Non-Conduit loans
Commercial Construction
construction loans

Commercial Construction Loan Highlights

  • $5MM-$75MM Loan Amounts
  • 90% Max CLTC
  • 5 Year Maximum Term
  • Non-standardized underwriting guidelines
  • Interest Only payments during construction and a balloon payment due upon completion
  • Variable-Rate Loans priced at a spread to the Prime Rate
  • Draw schedules based on stages of construction
  • Rate-lock agreements may be available
  • For Apartment and Multifamily Loans, we only utilize HUD Multifamily Accelerated Processing (MAP) Approved Lenders
Hotel
Interior-Hotel-Bedroom-with-Beautiful-Scene

Hotel Loan Highlights

  • $5MM-$50MM Loan Amounts
  • 80% Max LTV
  • Construction and Mini Perm Financing
  • Take Out Loan at Certificate of Occupancy
  • Acquisition Financing
  • Bridge Financing to Stabilize a Hotel
  • Private Funding for Value Added Properties
  • Portfolio Loans to unlock Equity to buy Other Properties
  • Mezzanine Loans or Potential Equity Source Introductions
  • Furniture Fixture Equipment and Information Technology Financing
Industrial
urbandev-industrial-warehouse-The-Registry-real-estate2

Industrial/Warehouse Loan Highlights

  • $5MM-$100MM Loan Amounts
  • 75% Max LTV
  • Rehab Financing
  • Mezzanine with and without equity participation
  • Construction Financing available
  • Conduit non-recourse loans
  • Short Term ARMs and Fixed Rates
  • Private Banking Rates at LIBOR plus
  • Aggressive Underwriting in large MSAs
Residential Construction
New residential construction home framing against a blue sky

Home Construction Loan Highlights

  • $1M – $10M loan amounts
  • Starting rate is 4%-4.50%
  • 6-12 month term
  • 65% maximum combined loan-to-value (LTV) on broken construction projects
  • 75% maximum loan-to-value (LTV based upon future value) on ground-up construction projects and 70% loan-to-cost (LTC).
  • Non owner occupied residential properties
  • Due to regulatory constraints, no roll-over to perm financing is available at this time.
  • Each loan is priced case-by-case. Loan to values/cost express a maximum and are subject to review.
Retail
shopping-center-financing

Retail Shopping Center Loan Highlights

  • Retail loans from $3MM-$50MM at exceptional rates
  • Financing for mixed-use properties at competitive rates
  • We source from Conduit, Regional, and Institutional Lenders
  • Rapid underwriting decisions for Acquisition or Refinancing
  • 30 year fixed rates and short term ARMs
  • Principal balance pay-downs or cash-out options
  • Potential for non-recourse predicated on asset and borrower
  • Dark Anchor with paying national tenant case by case
Special Purpose
Investment-Property-Loans-rehab-loans-special-purpose-loans-centbanc

Special Purpose Loan Highlights

  • $1MM-$50MM Loan Amounts
  • Commercial and Residential Condo Units in large MSAs
  • Owner Occupied Businesses
  • Parking Garages and Storage Facilities
  • Offices and Workspaces
  • New York City Co-operatives with Underlying Mortgages
  • Mixed Use Properties supporting a Retail Component
  • Non HUD Construction Loans to 80% LTV (extremely strong financial capacity required)
Funding your Project

Additionally, we have an expertise in transactions that are outside the box, including fast fundings or lender take-outs for renegotiated loans. Our minimum loan size on a first trust deed encumbrance is $1 million for Apartment/Multi-Family and $3 million for all other loan types. We also consider mezzanine financing on low loan-to-value or higher loan-to-value Trophy Properties in exceptional areas. Mezzanine financing may require an equity position as well as a debt position. For Bridge loans our minimum loan amount is $1 million. Bridge loans typically have a term of one year or less and revenues are fast forwarded through higher initial fees rather than over the 15-25 years life of the loan. HUD financing is available and extremely competitive, however, timing is currently at 9-12 months. In order for us to provide terms and pricing, it’s imperative that the information provided is as accurate as possible. Take a few minutes and fill out the preliminary application to start the process. We will quickly analyze the property’s cash flow and borrower’s qualification and respond as soon as feasible. Take a look at our FAQ’s to answer any questions you may have.

Our Commercial Lending Experts

Cent Banc is known for its competitive commercial loan products and superior customer service. We have extensive relationships with a diverse group of lenders and commercial mortgage brokers, including Real Estate Investment Banking Firms, International Banks, and Wall Street Funds. Obtaining commercial loans in New York can be difficult, but our skilled team of loan specialists has significant expertise in commercial lending and strives to simplify the process for our clients. At Cent Banc, we look at each individual loan and source the appropriate lending source for your unique transaction and financing needs. Additionally, our financial experts are readily available to guide you through the commercial mortgage process and answer any questions you might have. If you need to secure financing for a new loan or are looking to refinance an existing mortgage, Cent Banc has the necessary relationships to locate a competitive commercial loan for you.

Call us today at 866-678-9420 to explore loan options for your commercial property in New York.

How we Simplify the Commercial Lending Process

STEP 1: APPLICATION: Our initial application allows us to begin the pre-underwriting of your loan and start the qualification process. If the package fits within a lender’s parameters, we proceed to Step 2.
STEP 2: SOURCING: Every lender has their preferences for the types of projects they like to fund. Some like small retail, others like local multi-family projects, and others may only entertain $25M+ institutional apartment complexes. A month later, that preference may change. We are aware of each lender’s appetite for specific loan types and know which source is a match for your project. Once we have a few lenders with strong interest levels, we receive general terms and your go-ahead to move forward.
STEP 3: INVESTOR ANALYSIS: Our highly experienced team then assembles a detailed loan package to present to the lender. Within the package, we usually include a 5, 10, and 20 year pro forma, Cap Rate, Cash on Cash, Forecasted IRR, NPV and an assortment of other calculations based upon the property’s income cash flows. We focus on what our investor’s appetite and preferences are and resolve any possible issues that might come up.
STEP 4: LOAN TERMS: At this point, we obtain the lender’s term sheet and begin to negotiate on your behalf to secure the most favorable rate and terms for your loan. We work aggressively to generate interest from multiple lenders. We then notify each as to what the others are offering so we can attain an even more competitive financing structure for your project.
STEP 5: APPROVAL: Today’s lending environment presents a somewhat lengthy approval process. This is where our skills and experience are amplified as we help navigate you and your property through all the documentation, regulations, and potential obstacles. The approval process generally requires considerable paperwork to satisfy the underwriter’s criteria.
STEP 6: THE CLOSING: Once we get through the approval process, the next step is gearing up to close the loan. We work in concert with you to finalize the underwriter’s last closing conditions, collect third party reports, reimbursements, pro-rata allocations, and escrow and title requirements. This is the last step, and upon funding, the county records your Deed of Trust and you’ll have a new mortgage.

 

Obtain a New York Commercial Loan

To learn more about New York commercial mortgages, please see our offering of loan products and submit an application. You can also call us at 866-678-9420 or contact us here.

Some Popular Areas in New York for Commercial Real Estate Lenders

  • Battery Park
  • Central Park
  • Chelsea
  • Chinatown
  • Civic Center
  • Clinton
  • East Harlem
  • East Village
  • Financial District
  • Flatiron District
  • Garment District
  • Gramercy Park
  • Greenwich Village
  • Harlem
  • Hell’s Kitchen
  • Kips Bay
  • Koreatown
  • Little Italy
  • Lower East Side
  • Marcus Garvey
  • Meatpacking District
  • Midtown Center
  • Midtown East
  • Midtown South Central
  • Morningside Heights
  • Murray Hill
  • NoHo
  • NoLita
  • Roosevelt Island
  • SoHo
  • Stuyvesant Town
  • Sutton Place
  • Theater District – Times Square
  • Tribeca
  • Tudor City
  • Upper East Side
  • Upper West Side
  • Washington Heights
  • West Village

Cent Banc: Experienced. Reliable. Connected.

Contact Us

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