Commercial Loans for Doctors | Mortgage Financing for Physicians
If you are seeking a commercial loan for your doctor’s offices (whether for initial construction, or to make improvements to your existing medical facility) Commercial Loan Direct (“CLD”) can help.
Who is CLD?
Commercial Loan Direct has been a leading provider of commercial loans and mortgages for physicians and other medical practitioners for over twelve years. It is able to maintain a very low cost structure for its medical industry borrowers because of its thorough knowledge of the commercial lending industry.
In fact, its fees and loan costs are often the lowest to be found in the commercial lending market. And CLD charges no lender points, no yield maintenance and requires no defeasance.
What are my Borrowing Options?
CLD offers a wide variety of wholesale, conduit and government-sponsored solutions for those needing mortgage financing for physicians’ offices (whether the property is an investment, or is occupied by the owner), with as much as 90% financing over 30 year terms.
These commercial loans for doctors’ offices include:
• Small Office Loans (Wholesale): loans of $1 million to $5 million; fixed and variable rates; two to eight year terms; loan to value up to 75% (90% if combined with SBA 504 program); amortization up to 25 years; first mortgage required; multiple prepayment options available
• Small Office Loans (Conduit): loans of $1 million to $5 million; fixed rates; five to twenty year terms; loan to value of 80%; amortization up to 30 years; multiple prepayment options available
• Medium Office Loans (Wholesale): loans of $5 million to $10 million; fixed rate terms from 2 to 8 years; variable rate term of 5 years (maximum); loan to value of 75%; amortization options of 20, 25 or 30 years; multiple prepayment options available
• Medium Office Loans (Conduit): loans of $5 million to $10 million; terms from 5 to 20 years; loan to value of 80%; amortization maximum 30 years; multiple prepayment options available
• Large Office Loans (Wholesale): loans of $10 million and up; fixed rate term of 5 or 10 years; loan to maximum value of 80%; amortization options of 20 or 30 years; multiple prepayment options available
• Large Office Loans (Conduit): loans of $10 million and up; fixed rate term of 5 to 20 years; loan to maximum value of 80%; amortization maximum 30 years; multiple prepayment options available
• Office Bridge Loans: interim financing and bridge loans for medical offices of $3 million and up; loan to value maximum of 90%; one to three year terms with extension options; prepayment usually allowed
• SBA 504 Loans: loans of $.75 million to $10 million; 51% owner-occupied; minimum equity investment of 10%; can now be used for refinancing existing mortgage
• SBA 7(a) Loans: loans up to $2 million; SBA provides guarantee to lender; 51% owner-occupied
• USDA Loans: loans up to $10 million; only available in rural communities of less than 50,000 residents; loan to maximum value of 85%; maximum 30 year term
What do I do next?
You have a number of options:
1. Apply right now for a commercial loan for your doctor’s offices – simply complete the quick online application form – it will only take you around 5 minutes or so;
2. Check out the interest rates for mortgage financing for physicians (rates updated weekly); or
3. Contact us by leaving a blog post below and we’ll have a CLD representative get back to you right away about your medical office loan questions. Please provide us with your name, phone number, and best time to contact you. We manually approve all posts so your information will not be posted.
4. Email us at commercialloans@thetransactiongroup.net.
