The Best Commercial Mortgage Lender in Texas
Buy, Refinance, or Expand Today
We are a lender wholly focused on real estate. We exclusively use tangible collateral when we finance. Whether you want to buy a piece of land, an office condo, a multifamily building, or a commercial property, we can assist. We can help you by providing finance so you can renovate or extend your property and generate more money. Additionally, we can help you generate passive income.
Request qualification from our specialists at Dream Home Mortgage.
Who needs a commercial mortgage loan?
If you own a business with a property or have interest in purchasing a commercial property to enhance your investment portfolio. We can help! We have a team of expert realtors and we work with the best lenders in the United States that provide you with excellent rates and best terms. We do one to one consultation and according to the customer’s needs tailor the loan that fits best to your needs.We have lenders that provide:
- Conventional loan
- SBA loan
- Bridge loan
- Hard money lending
What you need to apply
Before you start there are a few things you will need to know or have available to successfully complete the application.Know the dollar amount, type of loan you are applying for, borrowing purpose and collateral information, if applicable.
Information about your business, such as:
Information about your business, such as:
- Business Name and Address
- Type of business organization and year established
- Business Tax ID number, Annual Sales, Number of Employees
Information about each Business Owner, such as:
- Name
- Home Address
- Social Security Number
- Government issued photo ID (Driver's License, US Passport, or a state-issued ID)
- Ownership Percentage
- Personal Financial information
- Historical Information
- may be requested for verification purposes
You may want to have detailed bio, copies of your most recent business and personal tax returns and/or current financial statements, debt schedule (business owes any debts), bank statements to provide down payment that will assist us in completion of the application.
Important information regarding opening a new account procedures
Federal Law mandates all financial institutions to gather, verify, and record information that identifies each person who opens an account in order to aid the government in its efforts to combat the funding of terrorism and money-laundering activities. What it implies to you is: We will request your
- Name
- Address
- Date of Birth
- Other details that will help us identify you when you establish an account
We may also ask to see your driver’s license or other identifying documents.
Application for Commercial Mortgage Loans
It is advisable to meet or call the loan specialists as lenders analyse pre-qualifying possibilities similarly to a regular house loan. The pre-qualification procedure entails assessing your income, debts, and financial background. You advance to the following stage of the application procedure once you have successfully completed pre-qualification.
To assess the soundness of a business, traditional lenders often demand financial statements, income tax returns, and banking statements from the previous three to five years. Be prepared to present your company plan, which includes predicted earnings, to the lender in addition to the substantial amount of financial data required. Along with your income and any available collateral, your credit history will also be assessed. Expect to pay for a property appraisal at some point in the process.
Your loan application is sent to a loan underwriter when all the paperwork has been approved, and the underwriter will decide whether to approve or refuse your loan application based on the information you submit. Commercial mortgage loans involve significant sums of money, therefore processing a loan by banks and lenders can take three to four months. The amount of documentation that needs to be examined and confirmed is the reason behind this. Additionally, a property valuation is necessary.
To assess the soundness of a business, traditional lenders often demand financial statements, income tax returns, and banking statements from the previous three to five years. Be prepared to present your company plan, which includes predicted earnings, to the lender in addition to the substantial amount of financial data required. Along with your income and any available collateral, your credit history will also be assessed. Expect to pay for a property appraisal at some point in the process.
Your loan application is sent to a loan underwriter when all the paperwork has been approved, and the underwriter will decide whether to approve or refuse your loan application based on the information you submit. Commercial mortgage loans involve significant sums of money, therefore processing a loan by banks and lenders can take three to four months. The amount of documentation that needs to be examined and confirmed is the reason behind this. Additionally, a property valuation is necessary.
Contact us today
Call us at (972) 245-5626 between 9:30 A.M. and 5:30 P.M. Monday through Friday to talk with a mortgage consultant.
