Borrowers looking for small-balance commercial mortgages often run into plenty of issues simply trying to find a lender who will finance their property. Traditional lenders have strict guidelines which often leave these borrowers with very few options. If you’re a broker working with one of these borrowers, APEX might be the perfect fit. Here’s how to know when it’s time to turn to APEX:

Credit issues:

At APEX, we understand the issues that small business owners sometimes face, including past credit issues. Unlike traditional lenders, APEX knows your borrower is more than a number and will listen to their story. We have programs that cover a wide credit range and will do our best to find your borrower the best financing solution.

Tax issues:

Traditional lending sources almost never have any interest in working with borrowers who owe back taxes. At APEX, we don’t use your borrower’s tax returns to underwrite the loan and will work with your borrower to design a loan structure that will retire their tax debt.

Property type:

Traditional commercial mortgage lenders generally have strict guidelines about the commercial property types on which they’ll lend. There’s also not much of an interest in smaller commercial properties, which are usually seen as unprofitable. APEX’s specialty is providing small-balance commercial mortgages to property owners with small and sometimes unusual properties.

Quick closings:

Getting a commercial mortgage from a traditional funding source can be a long and tedious process. Some borrowers simply don’t have the time to wait. APEX can close loans in a matter of weeks because of our straightforward underwriting process, so that your borrower can get the financing they need as soon as possible.

Borrowers looking to obtain a small-balance commercial mortgage are an under-served segment of the market, since most traditional lenders don’t have the means or interest to fund them. If your borrower has dealt with credit problems in the past, has issues with the IRS, has a small or unusual property type or needs a fast closing, APEX could be the answer.

Working with a borrower who needs a small-balance commercial mortgage? Call APEX at 800-262-2739 to find out how we can help.

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