Long-Term Loans for Commercial Properties

We help Investors by offering them long term, Fixed-rate loan with no balloon payment. 

With Fixed Rate terms of 3 to 30 years

Loans are based property value, not business income. 

A great alternative to hard money loans.

For 5 plus multi-family, mixed-use and small-commercial properties.

This program is designed for self-employed real estate investors and small business owners who find it difficult to obtain investment property financing.

This is a great program for Owner Users as well.

Property Geographic Area Details
Only available in California, Washington and Florida.
Loan Amounts
$100,000 to $3,000,000
Interest Rates
7.00% to 8.99%
Loan Terms
60 months to 360 months
Origination Fees
0% to 2%
Lien Position
1st
Collateral Types
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
Property Occupancy
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types: Multi-Family 5+ units, Commercial, Office, Retail, Warehouse, Self-Storage, and Automation.

Qualify: On cash flow – 12 mths.  Reserves required for negative cash flow, Ratio < 1:1, cash-out can be
used to cover reserves

Purpose: Purchase and Refinance.

Interest Rates: from 6.499%

Loan amounts:  $100,000 to $5,000,000

Occupancy: Owner and Non-owner.

Appraisals: Required.

Pre-payment Penalty: 0 – 5 years

Term: 5yr, 7yr ARM & 30-year Fixed

Income: Based on actual rents or rental survey.

Credit Score: Min 650

Not available in all states.  Call for details.

Property Types

  • Adult Day Care
  • Assisted Living Facility
  • Auto Dealership
  • Auto Repair
  • Bed and Breakfast
  • Cannabis Dispensary
  • Cannabis Grow Facility
  • Car Wash
  • Casino
  • Child Day Care
  • Church
  • Cinema
  • Club
  • Commercial Condominium
  • Community Center
  • Condominium
  • Covered Land
  • Event Center
  • Gas Station
  • Golf Course
  • Healthcare
  • Hospital
  • Hostel
  • Hotel
  • Industrial
  • Manufactured Home
  • Marina
  • Mixed-Use
  • Mobile Home
  • Mobile Home Park
  • Motel
  • Multifamily
  • Night Club
  • Office
  • Parking Garage
  • Parking Lot
  • Place of Worship
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • RV Park
  • Ranch
  • Recreational
  • Rehabilitation Facility
  • Religious Facility
  • Residential Land
  • Retail
  • School
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing
  • Theater
  • Vehicle Parking
  • Winery

Loan Types

  • Commercial Long-Term
Up to 75% LTP for multifamily and mixed-use properties. For all other property types, the maximum LTP is 70%.

Max Loan-to-Purchase Price

75%

Borrower Must Have Property Under Contract

no

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

no

Allowed Source of Borrower’s Equity

  • Own Cash

Fees which are paid to a third party company

  • Escrow Fee
  • Title Fee

Details and Requirements

Typical Closing Time (Days)

30

Payment Structure
  • Interest Only
  • Amortized
Pre Payment Penalty

yes

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

no

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered
  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation
Documentation Required
  • Loan Application
Personal Guaranty (Recourse) Required
Sometimes
Credit Check Required

yes

Minimum Credit Score Required

650

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Commercial Property

Never

Contact Nationwide Mortgage – Commercial Real Estate Division

Nationwide Mortgage – Commercial Real Estate Division pays us to be listed, so there is no fee to connect with them directly.

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Established – 1997

Funded to Date – $5+ billion funded

Closed Loans – 10,000+

Why Nationwide?

Experience: We have been around for over 20 years and have seen a thing or two.  There is no substitute for Experience.

Programs: Some companies only have a limited credit box.  If you don’t qualify for those programs then you need to start over.

For example, some Borrowers have come to us thinking they needed a Private or Hard money loan, and we were able to get them a Non-Prime product with much better terms.  Options are always good to have.

Service:  We strive to treat every Borrower the way we want to be treated.  Under-promise and always over-deliver.  By harnessing the latest technology & skills from a talented team, nothing beats that.

License

NMLS 32417, CA DRE BROKER 01247594, FL MBR2347, WA MB-32417

Company Size (Number of Employees)

5

Year Established

1998

Office Locations

1963 O'Toole Way, Suite 200, San Jose, California 95131

Primary Capital Source
  • Single Capital Partner
Loan Structure for Majority of Loans
  • Table Funding with Capital Partner

Our Team

Noele Wheeler

President

NMLS - 32388
CA DRE Broker - 01125188
WA MLO# - 32388
FL MLO# - L029466

Contact Nationwide Mortgage – Commercial Real Estate Division

Nationwide Mortgage – Commercial Real Estate Division pays us to be listed, so there is no fee to connect with them directly.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
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BEFORE YOU CONTACT THIS LENDER

Our Minimum Loan Amount Is

$100,000

What We Do

  • Term Loans for Core Commercial Properties
  • 25-30% Cash Required for Purchase Loans
  • Owner-User AND Investment Properties

Send an email to Nationwide Mortgage – Commercial Real Estate Division