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EQUAL HOUSING
OPPORTUNITY
The finest compliment I can ever receive is referrals from friends, family and customers
SPECIALIZING IN SMALL-BALANCE COMMERCIAL LOANS
Specializing in financing for commercial real estate loans, ADL Mortgage brings capital
to small business owners and commercial real estate investors who may not qualify for
financing by a bank or credit union. ADL Mortgage offers commercial loan programs for
purchases with a low down payment (as little as 3%), refinances with unlimited cash
out, short term financing with an adjustable 6-month rate, 2, 3 & 7 - year fixed rates
and a new 30 - year Declining Fixed Rate program. Business loan programs for owner
occupied and investment properties are available in most states.
Longer terms (up to 30 yrs.) and no balloons means that your payments are lower and
you won't have to worry about refinancing again. Loans are assumable and can be
made to a trust. This allows for easy estate planning, especially for a family-owned or
operated business. Prepayment penalties and lock-outs (period of time where if the loan is paid off, the full amount of the prepayment penalty and interest are due to the lender) if applicable are also assumable when the property is sold.
Borrowers qualify on personal strength and the ability to repay the loan by drawing upon all income sources; not just on the property's cash flow only. This common sense Debt-to-Income (DTI) and Debt Service Coverage Ratio (DSCR) and residential-style underwriting approach makes financing possible on properties that may not generate income right away (vacant, renovations, etc.) or pass tradition commercial underwriting guidelines. Fast pre-approvals (48 - 72 hours) and quick closings (30 - 45 day closings in most cases) means you get your business loan sooner. Unrestricted cash out refinances means you can use the money for more than just property improvements. Full documentation or stated income with stated assets programs are also available. Property types include:
Offices - Mixed Use - Retail - Store Fronts - Self-Storage - Warehouse - Restaurants - Multi-Family Housing 5+ Units - Special Purpose - Light Industrial - Healthcare - Mobile Home Park - Funeral Home - Gas Stations Hospitality - Industrial - Automotive - Bed and Breakfast - RV Parks - Etc......
We also have unsecured loans and lines of credit for business owners that do not require any collateral
Call for a free rate quote and Good Faith Estimate disclosing all costs and fees for a commercial loan
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ADL Mortgage
All Rights Reserved
Residential & Commerical Mortgages
