Commercial Real Estate Loans

 

commercial real estate loans finance lowest rate NY

Amerimutual Mortgage is your primary source for Commercial Real Estate Loans in Queens NY.  We offer Financing and  Commercial Mortgages; Serving New York, Manhattan, Queens, Bronx, Brooklyn, Long Island, Suffolk County, Nassau County, Staten Island and Westchester. Our team is committed to being the fast, creative, and reliable consultants that will help you close and fund commercial loans while providing seamless customer support from our lenders to your clients.

We partner with you to work for your borrower to find the best programs to meet their financial goals. We specialize in innovative real estate financing for borrowers who fall “outside the box” of traditional lending guidelines.

Please contact us at (718) 943-9200 to put our in-depth knowledge to work for you on your next commercial real estate transaction.

Loan Types

Commercial Loans

Amerimutual Mortgage in Astoria, Queens offers financing for wide array of commercial property types; including but not limited to: retail, office, mixed use, stabilized industrial and warehouse.

Commercial Loan Highlights

  • Hybrid loans available – fixed rates available for 3, 5, 7, or 10 years, after the initial fixed term, the loan then converts to adjustable rate for remaining term
  • Fixed rate balloon loans for 3, 5, 7, 10, or 15-years
  • Up to 75% loan to value
  • Flexible pre-payment penalties

Refinance

Refinance commercial real estate to lower your interest rate. If rates have dropped since you last financed your commercial property, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your commercial property (cash out). A few reasons for cashing out include: improvements, remodeling, refurbishing, consolidating other debt, investing your equity in to other investments.

Commercial Refinance Loan Highlights:

  • Hybrid loans available – fixed rates available for 3, 5, 7, or 10 years, after the initial fixed term, the loan then converts to adjustable rate for remaining term
  • Fixed rate balloon loans for 3, 5, 7, 10, or 15-years
  • Up to 80% loan to value
  • Flexible pre-payment penalties

Acquisition

Amerimutual Mortgage thrives to provide our clients with quality execution of acquisition or purchase financing. Many obstacles can occur when acquiring a property. Amerimutual Mortgage knows how to address these challenges upfront and is able establish a game plan to eliminate problems before they occur.

Acquisition Loan Highlights:

  • Hybrid loans available – fixed rates available for 3, 5, 7, or 10 years, after the initial fixed term, the loan then converts to adjustable rate for remaining term
  • Fixed rate balloon loans for 3, 5, 7, 10, or 15-years
  • Up to 80% loan to value
  • Flexible pre-payment penalties

Construction

If you’re looking to construct a mutli-family home, mixed use property, commercial use property, hotel/ motel, or any other land development in the Astoria, Queens New York area, Amerimutual is the source for all your construction financing needs. Amerimutual Mortgage offers years of construction experience that most brokers can’t. We provide flexible financing solutions through our array of lenders.

Construction Loan Highlights:

  • Loan amounts between $500,000–10,000,000
  • § Up to 70% loan to cost and loan to value
  • Terms 18-36 months (interest only)

Hard Money

Hard money loans are typically issued by private companies or investors. If you don’t qualify for conventional financing, a hard money lender may be a great option for you. Hard money loans typically have higher interest rates; however, the higher rates are offset by less stringent guidelines. A hard money loan is generally the fastest and most flexible form of financing. Amerimutual Mortgage has a wide array of hard money lenders at their disposal. If you’re having trouble getting a lender to approve your loan, contact us today.

Hard Money Highlights:

  • Loan amounts between $200,000–2,000,000
  • Up to 60% loan to value
  • Terms 18-36 months

Multi-Family Financing

Amerimutual Mortgage offers multi-family financing. This division of our company includes financing for apartment properties with 5 or more units.

Multi-Family Financing Highlights:

  • Hybrid loans available – fixed rates available for 3, 5, 7, or 10 years, after the initial fixed term, the loan then converts to adjustable rate for remaining term
  • Fixed rate balloon loans for 3, 5, 7, 10, or 15-years
  • Up to 80% loan to value
  • Flexible pre-payment penalties

Land Loans

Amerimutual mortgage has lenders at its disposal who are willing to lend strictly on unimproved property. This is known as a land loan. Lenders typically don’t like to lend on undeveloped land loans. Land loans are riskier because the loan’s collateral, the property, isn’t being used for housing. This makes it easier for an owner to walk away and leave the lender stuck with the land. Contact us today for our land loan guidelines.

Non recourse available

Amerimutual Mortgage offers non-recourse products. A non-recourse loan is a loan that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer can seize the collateral, but the lender’s recovery is limited to the collateral. The borrower is not personally liable on the loan.

Commercial Line of Credit

Amerimutual mortgage offers commercial line of credit loans to borrowers holding non-residential (including dwellings 5 family or more), mixed use and commercial mortgages.

Benefits of a Commercial Line of Credit:

  • Interest only payment: due and payable only if you draw on the line
  • Having money available to you at anytime
  • Payoff and re-borrow at your convenience
  • No pre-payment penalty
  • Interest may be tax deductible

Rehab/Renovation Loans

Land Development Loans

Bridge/Mezzanine Loans

SBA/USDA

Commercial Loan Terms

Terms of:

  • 3 years
  • 5 years
  • 7 years
  • 10 years
  • 15 years
  • 25 years Amortization
  • 30 years Amortization

Self-Liquidating and loans amortizing over a 25-30 period are available.

We also have loans that have fixed initial terms and then converts to adjustable for the remaining term. These loans give you the luxury of staying in the same loan for 25-30 years without having to incur the expenses associated with refinancing after the initial fixed term.

Property Types

  • Apartment
  • Buildings
  • Mixed-Use
  • Multi-Family
  • Commercial
  • Office Building
  • Strip Centers
  • Industrial/Warehouse
  • Automotive
  • Hotel/Motel/B&B
  • Mobile Home
  • Parks
  • Land Development
  • Retail – Anchored/Unanchored
  • Mini Storage Leisure

Flexible Pre-Payment penalties

  • Many of our lender are flexible and tailor their pre-payment penalties to help meet you specific needs
  • We also offer many products with NO PRE-PAYMENT PENALTY

Aggressive Loan to Value Ratios

  • We have lenders that will allow you to borrow up to 80% of your commercial properties value (80 LTV)

Commercial Real Estate Loans, Queens NY

We are your local, trusted neighborhood Mortgage Brokers located in the heart of Astoria, Queens.  Please contact us at (718) 943-9200 to put our in-depth knowledge to work for you on your next commercial real estate transaction.