Unfortunately, we cannot use a credit report that you have obtained yourself. Why? Because we cannot guarantee the information is credible. Often times information you obtain via the internet, or other means, does not report precise and up-to-date FICO information. By utilizing our system, we can guarantee that the information we obtain is current and reliable.

Loans typically close in 30-60 days. However, several factors can effect the amount of time it takes for your loan to close. The ease of which we can order an appraisal on your building will play a major role. Typically, buildings in more suburban areas will be much easier to obtain an appraisal for than on than buildings in more rural areas. Making sure to return the documentation we require from you in a timely fashion will also assist in speeding up the loan process.

Credit score: Your credit score will play an important role in determining the rates and terms that are available to you. Our minimum mid credit score requirement is a 575+.

Building type: We are capable of financing an array of different building types. Typically, a lender looks for a structure that could have several uses. Please see our list of eligible properties to determine if your building meets our criteria.

Down payment: If you are making a new purchase, it will be necessary to provide us with proof of funds for the down payment. We will also require a copy of your most recent bank statement, as well as a copy of your purchase agreement.

Appraisal: The largest factor is determining if the property can support the loan amount you are requesting. This is determined by ordering an appraisal, which will assess the actual current value of the property.

Naturally, we will not be capable of providing you with an approval. However, we will be happy to provide you with a pamphlet outlining the steps to take to help improve your credit score. We encourage you to contact us when your mid credit score has risen above a 600.

1. 10 minutes to complete a 1003 loan application with one of our knowledgeable loan officers. 2. A completed Credit Report Authorization form, allowing us to determine your credit score. That's it! Once we have the above information, we are capable of putting a Conditional Loan Approval in your hands in less than 24 hours. This is our guarantee to our clients. No long waiting periods, as our state of the art software determines your fundability in minutes!

Almost all mortgage lenders utilize credit scoring in the approval process. Your score is a reflection of how you have paid your past credit obligations. It is also a predictor of the likelihood that you will default, (be 90 days or more late) on a credit obligation in the next 24 months. It will have a major impact on the interest rate, amortization length, and loan to value available to you. Your credit score is created by the Fair Isaac Corporation, which is why your credit score is sometimes referred to as a FICO score. The three major credit data repositories are TransUnion, Equifax, and Experian. It is required that we have scores from all three of these credit bureaus in order to present you with a Conditional Loan Approval. Obtaining your credit score is essential for providing you with the most accurate rates and terms that are available to you. Commercial Lending Capital, Inc requires that all potential borrowers give us authorization to have your credit report run by our organization. A middle credit score of a 600+ is required in order to be eligible for financing through the Commercial Lending Capital, Inc.

Because commercial loans are our ONLY business! We do all of our underwriting and processing in house, using state of the art software that assists in speeding up the loan process. We can also guarantee a loan approval in less than 24 hours, which means no long waiting period to find out if you're eligible. We offer competitive rates and terms, and will continue to work with you until we find the best loan options available to you. Plus, acting as a direct lender, you will never have to worry about additional broker fees. We will manage your loan from start to finish, which means you will never have to worry about dealing with anyone but US.