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Frequently Asked Questions
Our goal is to provide clarity and guidance as you navigate your commercial financing process. Scroll to explore our comprehensive list of frequently asked questions about CRE Financing and commercial lending.

Looking for something specific? Simply select from one of the categories below that aligns with your interests most!

Basic + General
FAQ

Borrower Qualifications
FAQ

Loan Programs
FAQ

Loan Parameters
FAQ

Process + Policies
FAQ

Basic & General FAQ
How do I apply for a loan from CRE Financing?
Begin by clicking the “Apply Now” button on our website. Our user-friendly application can be completed within five minutes, whether you’re using your cell phone, tablet, or computer.
What loan programs does CRE Financing offer?
We provide a range of loan programs, including Purchase, Fix & Flip, Cash-Out Refinance, Rate & Term Refinance, and Ground-Up Construction. We also offer portfolio loans for certain property types, such as residential investment and multifamily properties.
Which property types can be financed with CRE Financing?
Our expertise lies in providing financing for diverse property categories, including:

  • Residential Investment Properties
    • Non-Owner Occupied Properties with 1 to 4 units
    • Single Family Rental, Condominium, Townhome, Duplex, Triplex, Quadruplex, and Portfolios
  • Multifamily Properties
    • Properties with 5 or More Units
    • Apartments, Condominiums, Townhomes, and Mobile Home Parks
  • Office Spaces
  • Retail Spaces
    • General Purpose Shopping Centers
    • Community Retail Centers (e.g. strip mall)
  • Special Purpose
    • Automotive Repair Facilities
    • Self-Storage Facilities
  • Industrial Properties
    • Light Manufacturing, such as space used for final assembly of products that may or may not include some small amount of storage and/or office space
    • Flex Spaces/Warehouses, such as space consisting of mix of storage that can easily be converted for different uses (e.g. an importer who has a showroom/office in the front of the building, as well as storage/shipping areas in the back of the building)
  • Mixed-Use Properties
Where does CRE Financing lend?
We lend on properties located within the United States, excluding ND, SD, AZ, and NV. We do not extend loans outside of the United States. Properties must adhere to population and non-rural guidelines, although exceptions for rural locations may be considered case-by-case. 
How quickly can CRE Financing close a loan?

While the closing timeline can fluctuate, our commitment is to deliver efficient and prompt closings as quickly as 10 business days.

 

Closing time frames may be influenced by various factors, including the prompt receipt of borrower documentation, timely completion of appraisals, and fulfillment of title and insurance requirements.

What is the process from application to funding?

We’re dedicated to ensuring a smooth and efficient experience throughout the entire process, which consists of 5 stages:

 

  • Stage 1: To initiate the process, simply click on the “Apply Now” button on our website and complete the online application effortlessly from your phone, laptop, or computer. Rest assured, there are no application fees, and we don’t conduct a credit check during the application phase. 
  • Stage 2: Following the submission of your application, we’ll promptly reach out with any additional questions and provide you with a comprehensive term sheet. 
  • Stage 3: If you choose to move forward with the loan, you’ll proceed by signing a credit authorization form and ordering the property appraisal. 
  • Stage 4: As your loan progresses through the stages of processing and underwriting, we’ll collaborate closely with you to gather the necessary documentation. Once we’ve received all required borrower documents, the insurance binder, the completed appraisal, and finalized your file review, we will coordinate the closing with your title company.
  • Stage 5: Subsequently, upon loan approval, we will issue a clear-to-close. Your title company will then set a closing date and, upon its arrival, your loan will be successfully funded. 
Borrower Qualifications FAQ
What are the qualifications for obtaining a loan from CRE Financing?
Qualifications may vary based on the loan program, but our evaluation generally considers factors like property value, location, credit history, experience, and the borrower’s financial capacity. Our Fix & Flip loan program boasts the most flexible credit parameters and no experience requirement.
Does CRE Financing lend to new investors without experience?
Yes, we do! Our Fix & Flip loan program is a great option for first-time investors. No prior experience is required and our adaptable credit parameters make accessing these programs straight-forward. Rely on us to guide you effortlessly through each stage, from application to funding.
Are there specific credit score requirements for CRE Financing loans?
Credit score requirements can vary based on the loan program. Generally, we want to see a minimum credit score of 650, but credit score requirements are more flexible with certain loan programs, such as our Fix & Flip and Ground-Up Construction loan programs. Reach out to us for a personalized discussion about your specific situation.
Do you require tax returns or income verification?
No, we typically do not require tax returns or income verification to qualify for our loan programs.
What documents do you require for underwriting a loan?
Due diligence documentation can vary based on the loan program, but standard documents include completed loan application, credit report, appraisal, borrower’s driver’s license, entity documents (EIN letter, articles of formation, and operating agreement), mortgage payoff letter or purchase contract, title and insurance company contact information, and copies of tenant leases.
Loan Programs FAQ
Does CRE Financing lend on office and retail spaces?
Yes, we do! CRE Financing offers commercial loans catering to a diverse range of property types, encompassing Office, Retail, Storage, Warehouse, Automotive, and Light Industrial spaces. Additional commercial property types may be evaluated on a case-by-case basis.
Can I use a CRE Financing loan for a fix & flip project?
Yes! Our Fix & Flip loan is tailored for both beginners and seasoned investors, with benefits such as flexible credit parameters and no prior experience requirements. We finance up to 90% of the purchase price plus 100% of the rehab costs for both residential investment properties and multifamily properties.
Do you offer construction loans for commercial properties?
At present, our Ground-Up Construction loans extend exclusively to Residential Investment Properties (1-4 units) and Multifamily Properties (5 or more units). We do not offer this program for for any other commercial property types at this time.
Are there specific requirements for construction loans?
Yes, construction loans may entail specific criteria, encompassing factors such as construction experience, property location, asset type, and other considerations. Feel free to reach out to us for an in-depth discussion on the detailed requirements for these loans. We currently only offer construction financing for Residential Investment Properties (1-4 units) and Multifamily Properties (5 or more units).
Does CRE Financing offer cash-out refinancing?
Yes, CRE Financing offers a Cash-Out Refinance program to help borrowers unlock the equity in their investment properties.
Can CRE Financing lend on a portfolio of investment properties?

Yes, we offer portfolio loans for the purchase or refinance of Residential Investment properties.

Loan Parameters FAQ
Do CRE Financing loan programs have loan amount limits?

We offer loans from $75,000 to $10,000,000, contingent upon the specific loan program and asset type involved.

What is the typical interest rate for CRE Financing loans?

Interest rates rates and offers may vary based on factors including but not limited to loan program, borrower creditworthiness and experience, and prevailing market conditions. For precise rate details, reach out to us directly or explore our Loan Programs page for more information.

What is the loan-to-value (LTV) ratio for CRE Financing loans?

LTV ratios are subject to variation and influenced by factors such as the loan program, borrower creditworthiness and experience, and prevailing market conditions. For precise and personalized LTV information, please reach out to us directly.

What is the typical repayment term for CRE Financing loans?

Repayment terms may vary based on the loan type. We offer a range of options, from short-term bridge financing to long-term loan solutions. Reach out to us for comprehensive details regarding the specific terms associated with our various loan programs.

Do you offer interest-only payment options for your loans?

Yes, we do! We offer 12-24 month interest-only payment options with select loan programs. Contact our knowledgeable staff to identify the loan programs that align with your needs.

Process + Policies FAQ
Will completing an application impact my credit?
No, we do not pull credit until you choose to move forward with the loan, at which point we will have you sign a credit authorization form.
Does CRE Financing charge an upfront fee or deposit?
We pride ourselves on transparency—there are no upfront fees or deposits charged to our borrowers. The only cost to the borrower before closing is an appraisal, payable directly to an Appraisal Management Company (AMC) and not to CRE Financing.
Does CRE Financing allow seller-financing or second positions?

CRE Financing secures the first-lien position for the loans we fund. In specific situations, we may allow a seller or private money lender to hold a second-lien position, subordinate to our first lien.

 

It’s important to note that the combined CLTV cannot surpass 90% and this structured financing option is not available for all loan programs. 

 

For more detailed information, please reach out to CRE Financing directly to explore your options further.

Are there prepayment penalties for CRE Financing loans?
Loan terms, including prepayment penalties, may vary. We provide loans both with and without prepayment penalties. Additionally, explore prepayment buydown options available for certain loan programs, allowing you to tailor your financing to best suit your investment needs.
What is the recourse policy for CRE Financing loans?
While the majority of our loans are full-recourse, note that our policies may differ depending on the specific loan program. For a comprehensive understanding of recourse options, it’s recommended to review the terms of each loan program directly with CRE Financing.

Still have questions?

Let's Talk.

Frequently Asked Questions
Our goal is to provide clarity and guidance as you navigate your commercial financing process. Explore our comprehensive list of frequently asked questions about CRE Financing and commercial lending.
Basic & General FAQ
How do I apply for a loan from CRE Financing?
Begin by clicking the “Apply Now” button on our website. Our user-friendly application can be completed within five minutes, whether you’re using your cell phone, tablet, or computer.
What loan programs does CRE Financing offer?
We provide a range of loan programs, including Purchase, Fix & Flip, Cash-Out Refinance, Rate & Term Refinance, and Ground-Up Construction. We also offer portfolio loans for certain property types, such as residential investment and multifamily properties.
Which property types can be financed?
Our expertise lies in providing financing for diverse property categories, including:

  • Residential Investment Properties
    • Non-Owner Occupied Properties with 1 to 4 units
    • Single Family Rental, Condominium, Townhome, Duplex, Triplex, Quadruplex, and Portfolios
  • Multifamily Properties
    • Properties with 5 or More Units
    • Apartments, Condominiums, Townhomes, and Mobile Home Parks
  • Office Spaces
  • Retail Spaces
    • General Purpose Shopping Centers
    • Community Retail Centers (e.g. strip mall)
  • Special Purpose
    • Automotive Repair Facilities
    • Self-Storage Facilities
  • Industrial Properties
    • Light Manufacturing, such as space used for final assembly of products that may or may not include some small amount of storage and/or office space
    • Flex Spaces/Warehouses, such as space consisting of mix of storage that can easily be converted for different uses (e.g. an importer who has a showroom/office in the front of the building, as well as storage/shipping areas in the back of the building)
  • Mixed-Use Properties
Where does CRE Financing lend?

We lend on properties located within the United States, excluding ND, SD, AZ, and NV. We do not extend loans outside of the United States.

Properties must adhere to population and non-rural guidelines, although exceptions for rural locations may be considered case-by-case. 

How quickly can CRE Financing close a loan?

While the closing timeline can fluctuate, our commitment is to deliver efficient and prompt closings as quickly as 10 business days.

 

Closing time frames may be influenced by various factors, including the prompt receipt of borrower documentation, timely completion of appraisals, and fulfillment of title and insurance requirements.

What is the process from application to funding?

We’re dedicated to ensuring a smooth and efficient experience throughout the entire process, which consists of 5 stages:

 

  • Stage 1: To initiate the process, simply click on the “Apply Now” button on our website and complete the online application effortlessly from your phone, laptop, or computer. Rest assured, there are no application fees, and we don’t conduct a credit check during the application phase. 
  • Stage 2: Following the submission of your application, we’ll promptly reach out with any additional questions and provide you with a comprehensive term sheet. 
  • Stage 3: If you choose to move forward with the loan, you’ll proceed by signing a credit authorization form and ordering the property appraisal. 
  • Stage 4: As your loan progresses through the stages of processing and underwriting, we’ll collaborate closely with you to gather the necessary documentation. Once we’ve received all required borrower documents, the insurance binder, the completed appraisal, and finalized your file review, we will coordinate the closing with your title company.
  • Stage 5: Subsequently, upon loan approval, we will issue a clear-to-close. Your title company will then set a closing date and, upon its arrival, your loan will be successfully funded. 
Borrower Qualifications FAQ
What are the qualifications for obtaining a loan?
Qualifications may vary based on the loan program, but our evaluation generally considers factors like property value, location, credit history, experience, and the borrower’s financial capacity. Our Fix & Flip loan program boasts the most flexible credit parameters and no experience requirement.
Does CRE Financing lend to investors without experience?
Yes, we do! Our Fix & Flip loan program is a great option for first-time investors. No prior experience is required and our adaptable credit parameters make accessing these programs straight-forward. Rely on us to guide you effortlessly through each stage, from application to funding.
Does CRE Financing have specific credit score requirements?
Credit score requirements can vary based on the loan program. Generally, we want to see a minimum credit score of 650, but credit score requirements are more flexible with certain loan programs, such as our Fix & Flip and Ground-Up Construction loan programs. Reach out to us for a personalized discussion about your specific situation.
Do you require tax returns or income verification?
No, we typically do not require tax returns or income verification to qualify for our loan programs.
What documents do you require for underwriting a loan?
Due diligence documentation can vary based on the loan program, but standard documents include completed loan application, credit report, appraisal, borrower’s driver’s license, entity documents (EIN letter, articles of formation, and operating agreement), mortgage payoff letter or purchase contract, title and insurance company contact information, and copies of tenant leases.
Loan Programs FAQ
Does CRE Financing lend on office and retail spaces?
Yes, we do! CRE Financing offers commercial loans catering to a diverse range of property types, encompassing Office, Retail, Storage, Warehouse, Automotive, and Light Industrial spaces. Additional commercial property types may be evaluated on a case-by-case basis.
Can I use a CRE Financing loan for a fix & flip project?
Yes! Our Fix & Flip loan is tailored for both beginners and seasoned investors, with benefits such as flexible credit parameters and no prior experience requirements. We finance up to 90% of the purchase price plus 100% of the rehab costs for both residential investment properties and multifamily properties.
Do you offer construction loans for commercial properties?
At present, our Ground-Up Construction loans extend exclusively to Residential Investment Properties (1-4 units) and Multifamily Properties (5 or more units). We do not offer this program for for any other commercial property types at this time.
Are there specific requirements for construction loans?
Yes, construction loans may entail specific criteria, encompassing factors such as construction experience, property location, asset type, and other considerations. Feel free to reach out to us for an in-depth discussion on the detailed requirements for these loans. We currently only offer construction financing for Residential Investment Properties (1-4 units) and Multifamily Properties (5 or more units).
Does CRE Financing offer cash-out refinancing?
Yes, CRE Financing offers a Cash-Out Refinance program to help borrowers unlock the equity in their investment properties.
Can CRE Financing lend on a portfolio of properties?

Yes, we offer portfolio loans for the purchase or refinance of Residential Investment properties.

Loan Parameters FAQ
Do CRE Financing loan programs have loan amount limits?

We offer loans from $75,000 to $10,000,000, contingent upon the specific loan program and asset type involved.

What is the typical interest rate for CRE Financing loans?

Interest rates rates and offers may vary based on factors including but not limited to loan program, borrower creditworthiness and experience, and prevailing market conditions. For precise rate details, reach out to us directly or explore our Loan Programs page for more information.

What is the loan-to-value (LTV) ratio for CRE Financing loans?

LTV ratios are subject to variation and influenced by factors such as the loan program, borrower creditworthiness and experience, and prevailing market conditions. For precise and personalized LTV information, please reach out to us directly.

What is the typical repayment term for CRE Financing loans?

Repayment terms may vary based on the loan type. We offer a range of options, from short-term bridge financing to long-term loan solutions. Reach out to us for comprehensive details regarding the specific terms associated with our various loan programs.

Do you offer interest-only payment options for your loans?

Yes, we do! We offer 12-24 month interest-only payment options with select loan programs. Contact our knowledgeable staff to identify the loan programs that align with your needs.

Process + Policies FAQ
Will completing an application impact my credit?
No, we do not pull credit until you choose to move forward with the loan, at which point we will have you sign a credit authorization form.
Does CRE Financing charge an upfront fee or deposit?
We pride ourselves on transparency—there are no upfront fees or deposits charged to our borrowers. The only cost to the borrower before closing is an appraisal, payable directly to an Appraisal Management Company (AMC) and not to CRE Financing.
Does CRE Financing allow seller-financing or second positions?

CRE Financing secures the first-lien position for the loans we fund. In specific situations, we may allow a seller or private money lender to hold a second-lien position, subordinate to our first lien.

 

It’s important to note that the combined CLTV cannot surpass 90% and this structured financing option is not available for all loan programs. 

 

For more detailed information, please reach out to CRE Financing directly to explore your options further.

Are there prepayment penalties for CRE Financing loans?
Loan terms, including prepayment penalties, may vary. We provide loans both with and without prepayment penalties. Additionally, explore prepayment buydown options available for certain loan programs, allowing you to tailor your financing to best suit your investment needs.
What is the recourse policy for CRE Financing loans?
While the majority of our loans are full-recourse, note that our policies may differ depending on the specific loan program. For a comprehensive understanding of recourse options, it’s recommended to review the terms of each loan program directly with CRE Financing.

Still have questions?

Let's Talk.