Commercial Industrial Financing – 7% to 7.5% Interest Rates

[Robert Jay]

Program Highlights:

• Commercial perm loan with Fannie agency pricing that is currently offering fixed interest rates between 7% to 7.5% as of 4/19/2024.
• Non-recourse.
• No tax returns, no paystubs, no W2’s, no 1099’s, and no debt to income ratios.
• Current closing timeframes are 30 days.
• We can also do refi cash outs to help you increase your real estate portfolio by acquiring additional properties.
• We service ALL 50 STATES and have over 100 years of combined commercial experience.
• A+ BBB rating.
• Terms: 5 year fixed with a 25 year amortization. We can do an exit refinance to extend the term.
• Do you currently have a hard money loan or bridge loan with an interest rate higher than 7%?
• Do you have equity in your building and want to tap into it?
• Are you looking to purchase an industrial property?

Listed below is what I refer to as the “sweet spot” regarding qualifying:

• Industrial properties only.
• The Fannie underwriter’s like to see a current lease in place that doesn’t expire for an additional 3 to 5 years. If the current lease is expiring within 2 years this isn’t necessarily a deal breaker, however the underwriter’s will need to know the likeliness of the tenant renewing.
• Stabilized property condition.

At Groves Capital we provide competitive commercial financing options for industrial, retail, and multifamily investors.

Call or text us today at 904-789-0012 or send an email to: [email protected]