Support Topics
Commercial Lending
Popular Questions
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Maximum loan to value’s (LTV) up to 75%. Each loans LTV is determined based on a review of the specific deal criteria including the property, borrowers, and guarantors.
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Unitus generally offers Commercial Real Estate loans for the following real estate types:
- Multi-Family
- Light Industrial/Warehouse
- Retail
- Office
- Storage – temperature controlled only
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At this time, Unitus does not offer Business construction or land/property development loans.
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All applications will require the following financial documents to be provided for each entity associated with the commercial real estate loan request:
Business Documents
- 3-years of Business Tax Returns
- Year to Date Property and/or Business P&L
- Schedule of Business Debt
Personal Documents
- 3-years personal tax returns
- Current Personal Financial Statement (PFS) for each owner
- Schedule of Real Estate Owned for each owner
NOTE: Additional documents pertaining to your application may be requested, including for the subject property during underwriting.
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The loan term for commercial properties is typically five, seven or 10 years. The amortization period is usually 20 or 25 years. With 30-year amortizations being considered on some well positioned multi-family properties.
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From the time of application and receipt of all financial documentation, a decision is usually made within 5-15 business days. Unitus can typically close a commercial real estate loan within 60-75 days from receipt of a full application and financial package.
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We can finance deals anywhere from $500,000 to $8 million and possibly more. If your project falls outside of this range, contact one of our Commercial Loan Officers to discuss options.
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