Restaurants & Bars
Restaurant & Bar Loans are the Key Ingredients to Success
Regardless of whether you are seeking to purchase or refinance your restaurant or bar, we have financing options for you. As a Direct Lender for restaurant and/or bar properties, Cressida Direct can help you grow your business no matter the size. With an easy application process and straightforward loan terms, our auto repair shop loans let you shift your business into high gear.
Owning a restaurant is rewarding in many ways – professionally, personally, and financially. Additionally, restaurants help fuel the US economy, as the number of people working within the restaurant industry is expected to exceed 16 million by 2026. But the industry is competitive, with high turnover rates. This makes accessing financing more of a challenge. With help from a restaurant real estate financing, restaurant property owners can easily purchase or refinance their restaurant property.
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Complete Program
Rates: 6.50 – 8.50%
MAX LTV TIER 1 & 2: 80%
Best For:
Credit-worthy investors or business owners looking for an alternative to restrictive bank financing.
Stated Owner-Occupied Program
Rates: 6.50 – 9.00%
MAX LTV TIER 1 & 2: 80%
Best For:
Owner-occupied transactions where the business owner has difficulty documenting their income for traditional lenders.
Bank Statement Program
Rates: 7.50 – 9.50%
MAX LTV TIER 2: 80%
Best For:
Business owners who prefer to prove their income by providing 12 consecutive months of business bank statements instead of tax returns.
| Loan Purpose | Purchase, Cash Out, Refinance |
| Seasoning | 5+ years in business |
| Status | Owner occupancy 50%+ of space |
| Location | All states except: DE, ID, HI, MI, MT, ND, SD, VT, WV, WY |
| Borrowing Entity | Individual, LLC, partnership |
| Loan Amount | $200,000 – $2,500,000 |
| Loan-to-Value | Up to 80% |
| Loan Term | Up to 30 years – no balloon |
| Amortization | Up to 30 years |
| Recourse | Yes, to the borrower |
| Rate Type | Fixed for 5 or 7 years |
| Credit | Minimum 650 middle credit score |
| Interest Rate | 6.50 – 9.50% |
| Prepayment Penalty | Flexible prepayment options |
| Eligible Borrowers | U.S. Citizens, Permanent Resident Aliens, Legal Entities |
