Commercial Lending For the Small Business Owner
 As a National Lender, Ascent Home Loans not only services the home loan industry, but also the small commercial loan arena. Why do we invest the time in closing loans for the small business owner and investor? Because the small business owner and investor needs a representative in the commercial loan market that gives them an additional choice in lending when they are having difficulty providing documentation, or they are under the bank's minimum loan amount.
Currently small business owners and investors have the following types of commercial money sources.
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Banks
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BA Lenders
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Thrift
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Mortgage bankers
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Investment Bankers
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Hard Money/Private Money
Traditionally, these lenders will require at the very least 22 pieces of documentation to approve a loan. That's if they will even invest the time speaking with the borrower due to the loan being under their minimum loan amount. The other alternative, Hard Money, requires much less documentation. Of course along with less documentation requirements come lower LTV's and very high interest rates.
At Ascent Home Loans, I can provide those clients that have been underserved by traditional commercial lenders. I can help those that have had or need:
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Difficulty providing documentation
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Loan is under the bank's minimum loan amount
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Need significant cash out
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Need subordinate debt - 90% ltv
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Have balloon notes due
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Extended property types
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Needs higher LTV's
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Wants lower fees
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Needs longer loan terms
What type of properties will we accept?
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Multifamily
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Office
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Retail
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Automotive
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Mixed Use
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Industrial Warehouse
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Hospitality
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Special purpose
Compared to the usual standard documentation needed to qualify for a commercial loan with a bank or a thrift, Ascent Home loans will require the following easy 1-2-3 submission process.
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Loan request
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1003 application
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Tri-merge Credit Report
What also sets us apart from the others is:
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No application fee or commitment fee
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Common sense underwriting
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Stated income/stated asset
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The appraisal is the key to the process
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45 day closing target
 So if you are looking for a small commercial loan with less paperwork, and a quicker close time, call me today toll free at 877-392-0674 or inquire by email at sdovala@ascenthomeloans.com and let's discuss what both Ascent Home Loans and I can do for you.
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