Commercial real estate loans in St. Louis can be used for a variety of purposes, including the purchase of an existing property, the construction of a new property, or the refinancing of an existing loan. There are a number of different types of commercial real estate loans available, and each has its own set of terms and conditions. Borrowers should carefully consider their options before selecting a loan.
One type of commercial real estate loan is an SBA 504 loan. This loan is guaranteed by the Small Business Administration and is available for the purchase or construction of owner-occupied commercial real estate. The maximum loan amount is $5 million, and repayment terms are typically 20 years.
Another type of commercial real estate loan is a conventional loan. Conventional loans are not guaranteed by the government and typically have higher interest rates than SBA 504 loans. However, they may be the best option for borrowers who do not qualify for an SBA 504 loan. The maximum loan amount for a conventional loan is $5 million.
For more information on commercial real estate loans in St. Louis, or to apply for a loan, contact a loan officer at a local bank or credit union. You can also visit the website of the Missouri Real Estate Commission to learn more about the different types of loans available and the application process.
Types of loans in commercial real estate in St. Louis
SBA 7a and 504 Loans
It offers SBA 7a and 504 loan programs to commercial real estate investors. As a Small Business Administration Preferred Financial Services Company, we can fast track SBA loan requests to get you the financing you need at competitive rates for time-sensitive deals.
SBA Loans feature:
- Rates as low as 4.5%
- Fixed terms up to 35 years
- Funding for owner-occupied properties
- Financing for flagged and non-flagged hotels
Lots of companies offer conventional loans to commercial real estate investors in St. Louis, MO. Conventional CRE loans include:
- LTV up to 75%
- Terms up to 10 years
- Up to 30 year amortizations
- Loans from $200,000 to $100 million and above
- Rates as low as 3.75%
Conventional loans are tailored for major markets in the greater St. Louis area, and can be used for real estate such as:
- Office space
- Mobile home parks
- Healthcare facilities
- Other retail properties
Equity and Mezzanine Financing
Foe example, Bayard Business Capital and Consulting works directly with private investments groups to offer financing ranging from $5 million to over $100 million to St. Louis commercial real estate investors. Their partnerships allow us to customize equity and mezzanine financing to meet users’ needs.
Capital resources and investor partnerships allow us to offer commercial mortgage backed securities (CMBS) loans for single tenant, multifamily, retail, shopping centers, franchised hotels, and similar properties. CMBS Loan program offers:
- Loans from $1 million on up to $50 million
- Fixed terms up to 10 years
- 30 year amortizations
- Low interest rates and non-recourse debt
- Cash out options
HUD and FHA Loans
HUD and FHA loans provide $2 million on up to $50 million for multifamily rentals, special care facilities, hospitals, and senior housing in St. Louis with low fixed rates. These funds can be used for property acquisition, new construction, rehabilitation, and refinancing. These HUD and FHA loans feature:
- Permanent financing
- Credit enhancement
- Fully assumable financing
- Integrated construction
- Fully amortizing non-recourse loans
Where to get Commercial Real Estate Loan in St. Louis?
You can get a commercial real estate loan from a bank, credit union, or other financial institution. However, the best way to get a loan is to work with a local lender who is familiar with the market in St. Louis. Also, if you have bad credit, there are a few alternatives – different types of loans with bad credit. The most common are payday loans, title loans, and personal loans.