Commercial Loan Programs

The Commercial Brokerage Unit of DDA Mortgage is staffed by seasoned professionals that will seek the best terms and rates for your business loan needs, as well as offer you a level of service that is unparalleled in the commercial loan arena.

Commercial Program Highlights

In commercial real estate financing, “experience” is what matters most. DDA Mortgage understands the complexity of a commercial transaction in today's market. We have relationships with lenders, investors and banks to close deals efficiently and quickly. Please contact us to learn more about the specific options available for you.

See our most recent closing announcements.

Types of Loans:

There are many different types of commercial loans and each one is designed for a different type of commercial consumer. How you plan on using the property, down payment amounts, credit scores, how long you've been in business, and may other factors determine what type of loan is best for you!


Below are a few of the general commercial loan programs we offer. For more detail talk to one of our mortgage specialists.

Pre-approval letter within 2 business days with low rates.

PRODUCT HIGHLIGHTS


  • Non-recourse
  • Cash out
  • Flexible repayment options

GENERAL PRODUCT FEATURES



  • Non-recourse
  • Cash out
  • Flexible repayment options
PROGRAM AND CREDIT FEATURES

INTEREST RATE

6.25% - 7.25% on income producing properties (DSCR>1.30)

LOAN PROGRAM

5 year fixed - balloons at the end of 5 years

AMORTIZATION

30 years amortization or interest only option available

ELIGIBLE PROPERTIES

Multifamily, office, warehouse, self-storage, and mixed-use property types

INCOME

No Personal or Business tax returns required

LTV

Max LTV of 65%

LOAN AMOUNT

$2,000,000.00 to $50,000,000.00

RECOURSE

Non-recourse with standard carve-out provisions required

BORROWER

All loan are required to close in the name of a Single Purpose LLC

TAX & INSURANCE ESCROWS

Tax & Insurance escrows required on all loans

FOREIGN NATIONALS

Borrower must have a checking account in a US based Bank

How we differentiate from Commercial Bank

DDA MORTGAGE


✓  Require Asset Documents Only
✓  No Annual Tax Docs

✓  Higher Borrower Cash Flow

✓  Require Asset Documents Only

Start Your Application

COMMERCIAL BANKS


  • Require Asset & Sponsor Documents
  • Annual Borrower Audits
  • Annual Business Tax Docs
  • Increased Insurance Requirements



See Closings Announcements

Asset-Based Loans

Asset-based loans provide borrowers an opportunity to leverage the value of the property as well as other hard assets to secure a loan. There are two property types to consider when applying for an asset-based loan, residential and commercial. 
Commercial properties include spaces such as offices, retail, warehouses, mixed use properties, and multi-family property with occupancy for over 4 families such as high rise apartment buildings and other large multi-family structures.

Lending Guidelines:

Office, Retail, Multi-family, Warehouse, Mixed-use


Loan Size:  $100,000 to $1,000,000


Loan Term:  60 Months


Loan to Value: Up to 60%


Underwriting:  Driven By Property Quality, Appeal and Location


Start Your Application

Credit Line for Real Estate

Our investors provided real estate investors pre-approved financing, customized to their business scaling needs. Whether you are focused on flipping, building, multifamily, or any combination of those, this product allows investors the flexibility needed for a dynamic portfolio.
Our investors are a balance sheet lenders controlling 100% of the financial decisions, which streamlines the financing process for individual investments.

Lending Guidelines:

Residential Rehabilitations and New Construction Projects


Line of Credit Facility Size:  $1,000,000 – $20,000,000+


Loan Term: 12 – 24 Months


Line of Credit Origination Fee:  2 Points


Legal Fee:  $2,500 (one-time fee)


Start Your Application

Single-Family and Multi-Family; Commercial is considered on a case-by-case basis


Purpose:  New Construction | Fix/Flip


Location:  AL, CO, CT, DC, DE, FL, GA, IL, IN, KS, KY, LA, MD, NC, NJ, OH, OK, PA, SC, TN, TX, UT, VA, WI, WV; Other states are case-by-case and subject to adjusted pricing and guidelines


Exit: Up to 60%Sell or Refinance


Loan Term:  6 – 12 Months


Loan Extensions: Up to 6 Months


Interest Rate: as low as 8.5%


Upfront Appraisal & Inspection Fee:  From $595 (pass-through cost)


Loan Origination Points: as low as 1%


Processing & Underwriting Fee: $895 (paid at settlement)


Draw Inspection Fees: $295 per draw


Start Your Application

Commercial is considered on a case-by-case basis

Commercial property varies and requires additional fiduciary controls. All commercial credit lines are evaluated on a case by case scenario. For further information, please call us at 727-748-5555.

Start Your Application

Land Procurement, Land Development, and Construction

We specialize in hard money loans designed for investment buyers and developers who require quick closings, outside-the-box thinking, and the utmost professional service in Georgia, North Carolina, South Carolina, and Florida. 
All our loans are backed by careful, in-house underwriting, strong knowledge of the local market, fair pricing, and the idea that construction loans are very much a partnership. We are your advocate from day one through the completion of your project.

Lending Guidelines:

Residential Rehabilitations and New Construction Projects


Typical Loan Size:  $250,000 – $50,000,000


Loan Term: 60 Months


Loan To Value:  Up to 65%


Upfront Fees:  N/A


Prepayment Penalties:  N/A


Start Your Application
Commercial Mortgages
Whether you are purchasing a building, refinancing your existing facility, or looking to finance investor properties, our commercial mortgages are rate and term competitive.
Business Acquisition
If you are purchasing a business, our business acquisition loans are structured to quickly assist you in moving through the acquisition process. Rates and terms are competitive, and our staff of professionals will deliver added value to the process.
Private Money Commercial Loans
🏢 Projects up to $5,000,000
🏢 Up to 25-year loan terms
🏢 Up to 90% financing
🏢 Fully amortized loans - no balloon pmts
🏢 Competitive rates
🏢 Use of loan proceeds
🏢 Real estate purchase
🏢 Refinance
🏢 Construction
🏢 Renovation
SBA 7(a) Loans
For-profit business owners who need funds to expand, purchase another business or manage cash flow. Each SBA loan program has its own eligibility criteria and application process. Our SBA loan experts can guide you through the process.
🏗 Range $350 thousand - $5 million
🏗 Up to 10 million for USDA

Please consider DDA Mortgage for your next commercial loan.

SBA 7A eligible uses include:
  • Owner-occupied commercial real estate
  • Debt refinance
  • Business acquisition
  • Partner buyout
  • Start-up franchise
  • Equipment purchase