COMMERCIAL REAL ESTATE LOANS

Commercial
Real Estate Loans

We Got You Covered

The CLAPP Group is poised to become important Capital Brokers in the Commercial Real Estate sector nationwide.

Discover how we are "disrupting" the Commercial Real Estate Lending space and helping Developers and Investors secure the funding needed to finish projects and purchase assets.

1 - 4 Unit Investment Properties

A long-term loan intended for new and experienced real estate investors seeking long-term rental financing for SFR, Townhouse, PDU or condo nationwide.

Loan amount: $100K to $5M
Credit score: 650 min
30-Year term
Up to 80% LTV for purchase
Up to 75% LTV for cash out
No personal income checks
Foreign Nationals OK
Purchase under LLC or personal name (based on state)
The rate starts at high 7's
Document needed: Application, Corporate Entity Documents, Two months' Bank Statement, Real estate experience track record

APPLY NOW!

Fix & Flip / Hold

A short-term loan intended for new and experienced real estate investors seeking funding for fix & flip properties nationwide.

Loan amount: $100K to $10M
12 to 18 months
Min credit score 650
Up to 85% of purchase price + 100% of renovation cost; not to exceed 75% of the After Repair Value
1-4 units non owner occupied; condo; townhouse; multifamily; mixed used
Document needed: Application; Two month bank statement; corporate entity documents; rehab budget; previous real estate experience; ID Foreign Nationals OK, need valid passport, proof of income in their native country or in the US, and 30% to 40% down payment

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Multi-Family Loans

This loan is intended for new and experienced real estate investors seeking funding for 5+ unit apartments nationwide.

Loan amount $300K to $50M
12 months to 30 years
Min property value: $35K per door
Min credit score 650
Up to 70% LTV for purchase
Up to 65% LTV for Cash-out Refinance
Document needed: Application; Two months' bank statement; Corporate Entity Documents; Real estate track record; Rent roll; and Operating statement

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Mixed-Use Properties

This loan is intended for new and experienced real estate investors seeking funding for Mixed-use properties. Mixed Use properties refer to properties intentionally used for a variety of purposes, including commercial, residential, retail, office, or parking space. For instance, if you had an apartment complex, retail stores, and businesses located within the same area, this would be a mixed-use property.

Loan amount $300K to $50M
12 months to 30 years
Min property value: $35K per door
Square footage for commercial and residential spaces
Min credit score 650
Up to 70% LTV for purchase
Up to 65% LTV for Cash-out Refinance
Document needed: Application; Two months' bank statement; Corporate Entity Documents; Real estate track record; Rent roll; and Operating statement

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Commercial Properties

Commercial real estate refers to any property used for business activities. Types of commercial real estate include hospitals, assembly plants, storage warehouses, shopping centers, office spaces, gas stations, RV parks or any other location for a business enterprise.

Loan amount $300K to $100M
12 months to 30 years
Min credit score 650
Up to 70% LTV for purchase
Up to 65% LTV for Cash-out Refinance
Document needed: Application; Two months' bank statement; Corporate Entity Documents; Real estate track record; Rent roll; and Operating statement.

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Land Loans

A land loan – sometimes referred to as a lot loan – is used to finance the purchase of a plot of land. You can take out a land loan if you're interested in buying a piece of land to build a home or to utilize for business purposes.

Loan amount $100K up
12 months bridge
Min credit score 650
Up to 50% LTV for raw land
Up to 75% LTV for developed land
Document needed: Application; Two months' bank statement; Corporate Entity Documents; Real estate track record; and Two years of business or personal tax return

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Construction Loans

A construction loan is a short-term loan that covers only the costs of custom home building or commercial property. This is different from a mortgage, and it’s considered specialty financing. Once the property is built, the prospective occupant must apply for a mortgage to pay for the completed home.

Loan amount $100K to $500M
12 months to 24 months interest only, based on the project
Min credit score 650
Up to 80% LTC (Loan to Cost)
Document needed: Executive summary; Construction budget; Any existing appraisal, environmental and survey reports; Personal Financial Statement for all principals; Corporate Entity Documents; and Real estate track record

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Non-Profit / Chruch Loans

Whether you're purchasing, renovating, refinancing, or constructing, we've got your spiritual and community projects covered. Acquire the necessary funds now and spread the payments over time.

Loan Details:

Funding ranges from $100K to $35M.
Options include Fixed Rate Loans, Variable Loan Rates, or Interest Only Loans.

Prerequisites:

A straightforward 1-page Church or Non-Profit Application.
Details of the Church or Non-Profit Debt Service.
Financial records from the last 3 years: Profit and Loss Statements & Balance Sheets.

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Second Mortgage (HELOC)

A Home Equity Line of Credit (HELOC) is a loan that allows you to borrow money against the equity in your home. HELOCs are similar to credit cards, but instead of borrowing money from a credit card company, you're borrowing against your home's equity.

Min credit score 660
Property under personal name only
CLTV 80%
Loan amount $50K +
No full appraisal for under $250K
Rate: Prime + 1% ~ 3%
Documentation needed: Application, Credit Report, 1 Year Tax Return, ID, Mortgage Statement, insurance, and others

APPLY NOW!

Commercial Real Estate Loans

We Got You Covered

Commercial
Real Estate Loans