Commercial Mortgage
Lending Process

01.

Application Process

The commercial mortgage application process involves several key steps, starting with identifying a suitable lender and loan product, followed by submitting a comprehensive application package, obtaining a letter of intent, undergoing underwriting, and finally, closing the loan. Lenders will assess the financial health of the applicant, the business stability, and the value of the property.

The process consists of the following:

(1) Qualified borrowers will understand the criteria required to move forward with an application (see Loan Criteria)

(2) Prepare and submit a detailed loan application package, including financial statements, tax returns, business plan, and other required documents.

(3) Letter of intent (LOI): Obtain and sign a letter of intent from the lender, outlining the loan terms and conditions.

(4) Underwriting: The lender's underwriter will review your application and all supporting documents, assessing your creditworthiness and the viability of the project.

Application Review

When you work with Strategic Mortgage Lending, you can expect a streamlined application process designed to save you time and hassle. Our experienced team will guide you through the entire process, from the initial application to the final approval. We prioritize efficiency and transparency, ensuring that you are well-informed at every stage.

Strategic Mortgage Lending finds and evaluates qualified commercial borrowers and then provides its lending relationships with underwriting research. Subsequent to the financial risks being evaluated, rates and terms for a loan or investment are based on that criteria formulated by its lending relationships.

Interest rates offered are typically 1% to 3% above conventional Bank rates depending on the structure of the commercial loan and financial terms. Commercail loan terms range on average from one to five years and loan-to-value ratios not to exceed 65%.

Approval Process: The approval process involves reviewing the submitted application, assessing the collateral assets and moving forward with underwriting if terms are acceptable.

Request Loan Information

Download Application

Interested in exploring commercial mortgage options for your business? Contact us today to request detailed loan information tailored to your specific requirements.

Commercial Mortgage Lending Process

Application Process

Application Review

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​Interest rates offered are typically 1% to 3% above conventional Bank rates depending on the structure of the commercial loan and financial terms. Commercail loan terms range on average from one to five years and loan-to-value ratios not to exceed 65%. ​

Approval Process: The approval process involves reviewing the submitted application, assessing the collateral assets and moving forward with underwriting if terms are acceptable. ​ ​

Request Loan Information

Commercial Mortgage
Lending Process

Interest rates offered are typically 1% to 3% above conventional Bank rates depending on the structure of the commercial loan and financial terms. Commercail loan terms range on average from one to five years and loan-to-value ratios not to exceed 65%.

Approval Process: The approval process involves reviewing the submitted application, assessing the collateral assets and moving forward with underwriting if terms are acceptable.