New York
Find commercial loans in New York
Apply today for access to the Top Commercial Lending Institutions in New York.
New York Commercial Loans
Looking for commercial loans 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.
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 3 step 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 917.720.3560 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 917.720.3560 or contact us online.
Ready to begin? Start your Application here.
