Commercial Term Loans
Stabilized property deserves stable, long-term debt.
A bank gives you an answer. As your loan broker, I give you options.
Your property is leased, the income is steady and you plan to hold it. Now you want debt that fits that plan. I’m Kevin Kermeen, and I place commercial term loans for owners and investors nationwide. Whether you need a commercial mortgage for a purchase, a long-term commercial real estate loan to replace a bridge, or commercial refinance loans for a maturing note, I take one complete file to 200+ capital partners. Don’t Beg the Bank!
Call Kevin 7 days a week (Arizona Time).
- Purchase and refinance of stabilized property
- Fixed or adjustable structures
- Minimum loan $150,000, up to $100 million
- I review every file personally
Commercial Term Loans for Real Situations
If one of these sounds like your week, you are not the only one. Here is how I work each problem when you need commercial term loans.
Your balloon payment is coming and the bank won’t renew
The property performs, but your loan matures soon and the bank that made it is pulling back on commercial real estate. You need a new lender before the date arrives.
Your bridge loan worked and now it’s expensive
You renovated, leased up and hit the plan. Now the bridge rate is eating the cash flow you worked for.
You want to buy a stabilized building and hold it for years
The tenants are in place, the numbers work and you want predictable payments, not a short-term loan you have to replace.
Banks hand out umbrellas when the sun is shining, not when you are weathering the storm.
Call Kevin 7 days a week (Arizona Time).
How Owners and Investors Use Commercial Term Loans
Most people look for commercial term loans when something has changed: a purchase, a maturing note, a project that needs capital or equity they want to put to work. Here is what each situation usually needs.
A commercial mortgage for a purchase
A commercial mortgage for a stabilized purchase is sized on the income, the value and your down payment. Steady leases make the strongest case.
A long-term commercial real estate loan after a bridge
When a bridge has done its job and the property is leased up, a long-term commercial real estate loan locks in permanent debt and retires the short-term note.
Commercial refinance loans for a maturing note
Commercial refinance loans replace a balloon or an expensive loan, and can pull out cash when the property has gained value.
Matching the term to your plan
Commercial term loans come with different terms, amortization and prepayment rules. I match them to how long you plan to hold.
Whatever the reason, the best commercial term loans are the ones that fit your plan for the property. A loan that looks cheap on paper can cost more if the term, the prepayment rules or the reserves do not match what you are trying to do. I start with your goal, then shop the commercial term loans that match it.
What Capital Partners Look At on Commercial Term Loans
Every capital partner has its own guidelines, but most commercial term loans are reviewed on the same core questions. Knowing them before you apply saves time and surprises.
- Debt service coverage: does the income cover the payment?
- Occupancy and leases: how stable the income is
- Value: the appraisal and your equity
- Your experience: similar properties you own
- Property condition: capital needs ahead
- Hold period: how long you plan to own it
- Credit and history: personal credit, plus any past bankruptcy, foreclosure or default
- The paper trail: leases, operating statements and title
If one of these is weak, it does not automatically end the deal. It changes which capital partners fit. That is the work I do on commercial term loans before your file goes out.
Owner-users comparing long-term options can also review the SBA 504 loan program and the SBA 7(a) loan program for government-backed alternatives.
My Process for Commercial Term Loans
- You call or click. Call Kevin 7 days a week (Arizona Time) at (480) 915-8690, or start the application. Tell me the real story of the deal, including the parts that worry you.
- You apply once. The commercial real estate loan application takes about five minutes, and estimates are fine. After you submit, you can upload documents to a secure link.
- I review the file personally. I look for what a capital partner will question and fix the story before it goes out.
- I match the deal. I take your request for commercial term loans to the capital partners in my 200+ network whose guidelines fit your property, purpose and profile.
- You compare terms. I walk you through each option in plain English, including costs and conditions.
- I stay with you to closing. I stay on the file through appraisal, underwriting and closing, so you are not left chasing updates.
Call Kevin 7 days a week (Arizona Time).
Gather these first
To get a quote, capital partners usually want a mortgage statement or the purchase contract, the rent roll and leases if there are tenants, 12 months of operating history, photos of the property, a personal financial statement, a schedule of real estate owned and two months of bank statements. Don’t have everything yet? Start your application anyway. You can send the rest later.
Why Use a Broker for Commercial Term Loans
A bank can only offer its own loan. A broker can compare many. I am a nationwide commercial loan broker, not a lender, and I work for you. My job is to know which capital partners are lending on commercial term loans right now, and to present your deal so it gets a fair look. Don’t Beg the Bank!
“Kevin works for you, not the lender. Having your full financial picture up front lets him match you with the capital partners that fit your situation best, out of 200+, so you don’t have to apply over and over.”
- Need $150,000 or more
- Have a property, a contract or a real project
- Can share income, expenses and your financial picture
- Want options, not a single take-it-or-leave-it offer
- Need less than $150,000
- Are buying a primary residence
- Want a promise of approval before anyone sees the file
- Are not ready to share documents
Just Funded: Real Commercial Real Estate Deals
Want proof? These are real deals from my Just Funded posts. Read the full story behind each one.
Call Kevin 7 days a week (Arizona Time).
Commercial Term Loans FAQ
What are commercial term loans?
Commercial term loans are long-term loans on stabilized commercial property, sized on the income and value, with a set term and amortization. They are the permanent debt most owners hold for years.
Is a commercial mortgage different from a bridge loan?
Yes. A commercial mortgage is long-term debt for stabilized property. A bridge is short-term debt for property in transition that is usually repaid by a sale or a long-term loan.
When should I look for commercial refinance loans?
Start well before your note matures. Commercial refinance loans take time to underwrite, and an early start gives you more options.
What does a long-term commercial real estate loan need for a quote?
Usually the rent roll and leases, 12 months of operating history, the mortgage statement or purchase contract, photos, a personal financial statement and a schedule of real estate owned.
What is the minimum for commercial term loans through you?
The minimum loan is $150,000. Loans can go up to $100 million depending on the property, the deal and your file.
Is approval certain if I apply?
No. Every file is subject to credit approval, and rates and terms depend on the property, the deal and your file. What I can promise is a personal review and a straight answer.
Do you work in every state?
Yes, I work nationwide in all 50 states. Call Kevin (480) 915-8690 to discuss your situation, 7 days a week (Arizona Time).
Other Commercial Real Estate Loans
Need a different property type? See all commercial real estate loans, or pick a program below.
Ready to Talk About Your Commercial Term Loans?
A bank gives you an answer. As your loan broker, I give you options.
Tell me what the bank would not hear. I review every file personally. Call Kevin 7 days a week (Arizona Time). Don’t Beg the Bank!
Call Kevin 7 days a week (Arizona Time).
Subject to credit approval. Terms vary. This is not a commitment to lend.