How to receive commercial building financing with APEX
Please visit our contact page to get in touch with one of our representatives:
Please take a moment to fill out our Broker Information Form:
Broker Information Form
For a quick credit approval please take a moment to fill out our loan summary form:
Submit Your Deal
Essential questions to ask about potential commercial building financing
When you get a commercial inquiry, you should first fully complete a 1003 and pull a tri-merge credit report. That will give you most of the information you need to submit the deal. Be sure to ask the following questions during that initial interview.
- When did you buy the building, what did you pay for it?
This is necessary to determine what kind of investment your borrower has in the building. The less the personal investment from the borrower, the harder the commercial building financing is to book.
- Why do you want to do this loan? What are your plans for the building?
If you don’t understand the purpose of the transaction, your lender will lose faith in you. The deal has to make sense to the borrower, the lender and the broker.
- Why have you had past credit problems?Just like residential, for commercial building financing lenders will look for positive credit history. All lates generally need explanations.
- For purchases, where is the down payment money coming from?Commercial mortgages require 20-45% down payment depending on the property and the experience of the buyer. The down payment must be real money that belongs to the borrower. No gifts of equity.