We Make It Easy To Get A Commercial Mortgage Or Equity Takeout!
At Clover Mortgage, we make it easy for our customers to apply and get approved for a commercial mortgage from as little as $100,000 to over $100,000,000. Our commercial mortgage brokering team is able to arrange commercial mortgages and equity take out loans for almost any type of project including:
- storefront plus apartments
- office buildings
- medical buildings
- shopping malls
- land purchase and redevelopment
- construction projects
Our team of commercial experts specializes in getting fast approvals and finding innovative and unique solutions quickly, while providing exceptional customer service.
We will find the right lender for your deal to ensure that you receive some of the most competitive interest rates. Clover has access to a wide range of fixed rate, variable rate and interest only commercial mortgages from over 40 banks and lenders.
How to get approved for a commercial mortgage?
The process of getting a commercial mortgage or refinancing a property you already own can be a daunting task. Our promise to you is to help make this process as simple and hassle-free for you as possible.
Due to the risk factors to the lenders, additional work and information is required for a commercial deal that isn’t needed in the residential market. Although most commercial deals will require an appraisal, in some cases lenders will ask that an environmental study be conducted on the property and the land that it sits on. Other factors such as lease agreements, the quality of the tenants, the condition of the property, income statements, and more.
Why are commercial mortgages more risky to lenders than residential mortgages?
Unlike residential mortgages which are usually given to an individual, a commercial mortgage is often sought out by a business or corporation. As a result, it can be more difficult to assess credit and income history for this type of loan than it would for a residential mortgage.
It is also likely that mortgage rates on commercial purchases and commercial refinancing will be higher than residential properties because they pose an increased risk to the lenders. The reason why commercial mortgages can be risky is that repayment is dependent on the success of the borrower’s business or solely based on rental income and lease income. As a result lenders tend to be more cautious when providing a mortgage for a commercial property.
What are the payment options for commercial mortgages?
The payment options for a commercial mortgages are very similar to those of residential ones. A variable interest rate with flexible terms allows the borrower to repay their mortgage as quickly or as slowly as they want. A fixed interest rate is the perfect option for a borrower looking to make consistent monthly payments throughout the course of their term because they prefer to feel protected against rising rates ahead.
All in all, searching for a commercial mortgage can seem complex and intimidating but it doesn’t have to be. With help from our trusted and knowledgeable commercial mortgage agents at Clover Mortgage, finding the right commercial mortgage solution for your business and personal needs can be an easy task.
Whether you are looking to buy a commercial or mixed-use property, or if you already own commercial properties and need to take out equity, the commercial mortgage team at Clover can help you get approved for a commercial mortgage or equity loan that is right for you. Our team will always fight to get you the lowest rates and best terms possible.
Benefits of working with a mortgage broker:
- We are accountable to YOU!
- You will always know the status of your application. We will update you regularly by phone, email, or text.
- 100% Independent Unbiased Advice – As a mortgage brokers and agents, we always put the needs of our clients first. We are not associated with, or obligated to, any banks or lenders.
- Access and to over 40 institutional and private lenders such as banks, credit unions, trust companies, private lenders and more.
- We are always on call for you ready to answer your questions and respond quickly to any calls, emails, or texts.
- Quick turnaround time – We’re able to arrange financing for commercial properties in as little as a few days or a few weeks in many situations. This is critical to deals that have quick closings.
- You will always get honest and unbiased guidance and advice. That’s our commitment to you!
- Even if you have bad credit, poor income, or another challenge we can help get you approved for a mortgage, even if you’ve been turned down by banks and lenders in the past.
Whether you need a quick and easy or a complex commercial mortgage solution, Clover Mortgage can help you get the best rates and terms available to you quickly and easily.
Why Work With Us
*Commercial Mortgage Rates start as low as 3.29%
*Rates are subject to change. Terms & conditions may apply.
We pride ourselves on quick, easy & honest service. Our clients always come first.
We specialize in dealing with bad credit & bank declines. We turn a “no” into a “YES!”
*No credit checks. No complicated application.
*Terms & conditions may apply.
Our Customers Love Us
I was in debt and needed help getting back on track. My mortgage agent at Clover Mortgage helped me get approved for a home equity loan to consolidate all of my debt in one small monthly payment. Now I’m saving over $1,000 a month in interest and am left with less debt and more money in my pocket at the end of each month. Thank you Clover!
I’m a self employed independent contractor. I earn a decent income, but when I went to the bank to refinance my home, they denied my application telling me that I didn’t have enough “provable” income to qualify for refinancing my home. When I came to Clover I was almost out of hope. My Mortgage Agent at Clover was caring and professional, and help me get a great rate and flexible terms on full refinance. The whole process took less than 48 hours! I was impressed at how quickly and easily they were able to get me the money and home refinance I needed. Thank you Clover Mortgage, I’m recommending you to everyone I know!!
I had really bad credit, but really wanted to purchase a Condo. When I went to the bank they made me go through a lengthy application process that took weeks, and then they turned me down at the end of it all. When I found Clover Mortgage online, I called them and a friendly Mortgage Agent was able to help me get approved for a mortgage quickly and hassle-free. I got a good rate and now live in a home that I am comfortable in and am able to easily afford my monthly payments.
I definitely recommend Clover Mortgage to any new home buyer! They were very professional and helped my husband and I get mortgage for our new home at an even better rate than the bank was offering us. They also helped us get the mortgage with a smaller down-payment than the bank demanded from us. Since we did our mortgage with Clover, several of our friends and family members got their from them also, and Clover Mortgage has been able to help all of them, even the ones that were completely turned away and rejected by their banks.
My husband and I found ourselves in a tough situation. Luckily my expert mortgage broker at Clover Mortgage helped us get a fast and easy approval for an amazing rate for refinancing our home. Clover’s service is the best I’ve ever experienced and I’ve been recommending them to all of my family members and friends ever since. Thanks for your help Clover!
I definitely recommend Clover Mortgage to any new home buyer! They were very professional and helped my wife and I get mortgage for our new home at an even better rate than the bank was offering us. They also helped us get the mortgage with a smaller down-payment than the bank demanded from us. Since we did our mortgage with Clover, several of our friends and family members got their from them also, and Clover Mortgage has been able to help all of them, even the ones that were completely turned away and rejected by their banks.