Our Programs
Owner-occupied Commercial
Cressida Direct believes in making sure you have all of the data possible to make informed decisions about your properties. Eligible properties include: retail, office, warehouse, mixed-use, light industrial, automotive repair, restaurants and day care centers.
Please find our key lending terms below. For any questions or needs that you have that are not addressed within these lending terms, please contact us by phone or email, as indicated to the right.
Commercial Real Estate Loan Solutions
Complete Program
Rates: 5.75% – 8.49%
Close Times: 30 – 35 Days
Best For
Credit-worthy investors or business owners looking for an alternative to restrictive bank financing.
Bank Statement Program
Rates: 5.99% – 9.49%
Close Times: 30 – 35 Days
Best For
Business owners who prefer to prove their income by providing 12 consecutive months of business bank statements instead of tax returns.
Stated Income Program
Rates: 5.99% – 9.49%
Close Times: 30 – 35 Days
Best For
Business owners who prefer to prove their income by providing 12 consecutive months of business bank statements instead of tax returns.
Business Loan Solutions
Working Capital Program
Rates: Start at 6.99%
Close Times: 5-20 Days
Best For
Business owners who may not own their business real estate or do not have equity in their real estate.
| Commercial Real Estate Loan Guidelines | Business Loan Guidelines | |
|---|---|---|
| Loan Purpose | Purchase, Cash Out, Refinance | Working Capital, Debt Consolidation |
| Status | Owner occupancy 50%+ of space | 2 Years Minimum Time in Business |
| Location | All states except: DE, ID, HI, MI, MT, ND, SD, VT, WV, WY | Nationwide |
| Borrowing Entity | Individual, LLC, partnership | S-Corp, LLC, C-Corp, GP |
| Loan Amount | $150,000 – $2,500,000 | $200,000 – $10,000,000 |
| Loan-to-Value | Up to 80% | N/A |
| Loan Term | Up to 30 years – no balloon | 6 Months – 5 Years |
| Amortization | Up to 30 years | Varies |
| Recourse | Yes, to the borrower | Yes & Lien on Assets |
| Rate Type | Fixed for 3, 5 or 30 years | Fixed from 6 Months – 5 Years |
| Credit | Minimum 650 middle credit score | Minimum 620 Middle Credit Score |
| Interest Rate | 5.75 – 9.49% | Starting at 6.99% |
| Prepayment Penalty | Flexible prepayment options | Varies |
| Ineligible Properties | Gas stations, hospitality, land, construction, cannabis, rural | Most Business Industries Eligible |
| Eligible Borrowers | U.S. Citizens, Permanent Resident Aliens, Legal Entities | Same |
Get a FREE consultation today to find out your best options
or contact us at 877.308.7557
