Auto Mechanic Shop / Car Service Center Commercial Real Estate Loans

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.