Services
Altima Loans is a national commercial mortgage broker dedicated to matching borrowers interested in multifamily, hospitality, industrial, commercial, and mixed-use real estate with lenders aligned exactly with their needs for asset-backed funding. Our professionally trained and experienced commercial real estate consultants have the versatility to accommodate entrepreneurs, partnerships, trusts, corporations, LLCs and even foreign nationals.
Commercial Loans Lending
As commercial real estate investors, navigating the process of securing the right loan tailored to our specific investment strategies can be quite time-consuming. That’s where Altima Loans steps in. We’re dedicated to streamlining the loan sourcing process for you, leveraging our relationships with the top lenders across the nation. With Altima Loans by your side, you can rest assured that you’re accessing a range of alternative loan options meticulously tailored to meet your long-term investment objectives.
Altima Loans provides a comprehensive range of commercial real estate loan solutions tailored to suit the unique borrowing requirements and investment goals of our clients. We specialize in sourcing competitive commercial loan products for both investment purposes and owner-occupied commercial properties. The availability of commercial Non-QM Loans is subject to factors such as state regulations, population demographics, loan debt service coverage (DSC), and loan-to-value (LTV) ratios. Our primary objective is to customize your loan package to secure the most favorable rate and terms offered in the market.
As commercial real estate investors, navigating the process of securing the right loan tailored to our specific investment strategies can be quite time-consuming. That’s where Altima Loans steps in. We’re dedicated to streamlining the loan sourcing process for you, leveraging our relationships with the top lenders across the nation. With Altima Loans by your side, you can rest assured that you’re accessing a range of alternative loan options meticulously tailored to meet your long-term investment objectives.
Altima Loans provides a comprehensive range of commercial real estate loan solutions tailored to suit the unique borrowing requirements and investment goals of our clients. We specialize in sourcing competitive commercial loan products for both investment purposes and owner-occupied commercial properties. The availability of commercial Non-QM Loans is subject to factors such as state regulations, population demographics, loan debt service coverage (DSC), and loan-to-value (LTV) ratios. Our primary objective is to customize your loan package to secure the most favorable rate and terms offered in the market.
Commercial Loans Lending
Eligible Commercial Loan Types:
- Office Building
- Retail
- Mixed-Use Commercial / Residential
- Hotels / Motels
- Industrial - Warehouse
- Medical/Dental Office
- Self-Storage
- Strip Malls
- Owner Occupied Properties
- Rental Properties
- Hospitals
- Schools & Religious Centers
Loan Programs
Every aspect of the loan process is expertly handled by our dedicated team of mortgage professionals and in-house closing specialists at ALTIMA LOANS. We ensure a seamless journey from your initial application to the closing table, securing the most favorable terms for you.
Fixed-rate commercial mortgages from ALTIMA LOANS feature a consistent interest rate and payment schedule throughout the entire loan term. Available in terms of 5, 10, and even 30 years, these loans are the preferred financial tool for real estate ownership. They simplify budgeting, particularly for long-term planning, and provide stability in an unpredictable market.
A construction loan from ALTIMA LOANS serves as the lifeline for your project, ensuring seamless progress by disbursing funds in stages as the work advances. These loans are designed to be short-term, typically lasting up to a year, and feature variable rates linked to the prime rate, ensuring flexibility throughout the construction period.
Our team at ALTIMA LOANS stands out as a leader in the field, with a proven track record of orchestrating successful construction financing arrangements. By engaging with clients early in the project lifecycle, we offer invaluable insights and expertise, addressing unique capital requirements that arise at various stages of development. Trust ALTIMA LOANS to be your partner in turning construction visions into tangible realities.
Facilitated via our direct lending platform, ALTIMA LOANS, bridge loans serve as short-term financing solutions secured by the borrower’s existing property to facilitate the acquisition of a new property. These loans empower individuals to fulfill financial commitments by ensuring swift access to funds.
At ALTIMA LOANS, we specialize in providing prompt and adaptable Commercial Real Estate (CRE) Bridge Loans tailored to your specific financial requirements. Leveraging our extensive expertise and insights, we assist you in bridging the financial divide in unique scenarios where traditional financing may not be readily accessible. Our offerings boast highly competitive terms and a streamlined process, enabling you to finalize transactions in AS LITTLE AS TWO WEEKS!
Land loans serve as a financial tool for acquiring undeveloped land and vacant lots. Unlike conventional property loans, these financing options are distinctive due to lenders viewing the collateral as less secure and the loans as inherently riskier.
Commercial Mortgage-Backed Securities (CMBS), offered by ALTIMA LOANS, represent a dynamic avenue for investment. Unlike residential real estate-backed securities, CMBS are fortified by mortgages on commercial properties, offering a diversified portfolio option for investors. By facilitating liquidity for both real estate investors and commercial lenders, ALTIMA LOANS paves the way for robust financial opportunities in the commercial real estate sector.
Property Types
Commonly Used Commercial Terms and Lingo
- Annual debt service: The total sum paid each year on a commercial real estate loan. ADS includes principal and interest, with the amount of each paid defined by the amortization schedule.
- Balloon payment: The amount of principal due to the lender upon loan maturity if a loan is not fully amortized. For example, a 10-year loan with a 30-year amortization will have a balloon payment due at the end of the 10-year period equivalent to the principal remaining owed on the loan.
- Bridge loan: A short-term loan used to allow a borrower time and/or temporary financing until they can obtain permanent financing. Bridge loans typically range from 6 months to 3 years in length. They are sometimes used while a borrower is renovating a property or looking to find a long-term commercial tenant.
- Cap rate: The cap rate, formally the “capitalization rate,” is one method of valuing a property’s income-generating potential. A cap rate is expressed as a percentage and is calculated by dividing the property’s net operating income by the purchase price.
- Contingency reserve: An additional set of funds set aside, typically during a construction or renovation project, that can be used in the event of cost overruns.
- DSCR: The debt service coverage ratio is the relationship between a property’s annual NOI and its annual mortgage debt service. For example, a property with a $500,000 NOI and $400,000 in annual debt service has a 1.25 DSCR.
- Hard costs: The costs associated with the physical aspects of a real estate deal, such as construction costs, materials, and labor. Cement, drywall, carpet, and landscaping are examples of hard construction costs.
- Net Operating Income (NOI): The potential rental income plus other income, less vacancy, credit losses, and operating expenses.
- Rent Roll: A register of rents that includes the names of tenants and amounts due, including any back-owed rents. A lender will typically ask a borrower to furnish a copy of the rent roll as proof of the property’s cash flow.
- Small Balance Commercial Loan: A loan generally under $5 million that is offered on all types of commercial property.
- Soft Costs: Fees incurred in the construction of a building that is not directly related to labor and physical building materials, such as loan origination fees or architecture and accounting fees. An investor may continue to accumulate soft costs over time for fees such as property management and insurance.
- Commercial Mortgage-Backed Securities (CMBS): Commercial mortgage-backed securities (CMBS) are fixed-income investment products that are backed by mortgages on commercial properties rather than residential real estate.
- Yield maintenance: This is a type of prepayment penalty where the mortgage lender is guaranteed to receive scheduled payment of interest rates until maturity fully. This is very common in commercial real estate and it protects the lender from any loss of unpaid interest rate resulting from the prepayment of a loan.