Yes, SBA if owner occupied only. Conventional can be owner occupied or investment property.
Yes.
Typically 70% LTV depending on the loan scenario.
In general, SBA loans go up to 90% LTV and conventional commercial real estate loans go up to 85% LTV.
Typically SBA goes up to 88% LTV and conventional commercial real estate loans go up to 85% LTV.
Yes, a seller can contribute up to 20% in the form of a seller 2nd mortgage on auto mechanic and car service center commercial real estate loan.
Yes, by going with a conventional commercial real estate construction loan or an SBA construction loan as long as the applicant’s business will occupy the subject property.
You’ll be assigned to a SimpliLoans expert who will guide you through the process.
Your loan expert will present you with the best available options for your loan.
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