North Penn Financial is a small commercial mortgage company that specializes in small-balance commercial mortgages and equipment leasing with loans of $50,000 to $3,000,000 on a broad array of property types and commercial equipment, using the most complete loan and leasing product line available in today's marketplace.
At North Penn Financial we have assembled a team of talented professionals with the skills and experience to effectively assist you with all your Commercial Real Estate Financing needs. Our team is highly experienced in the complexities of procuring optimal financing for commercial properties. With many decades of expereonce and having established relationships with lenders of all classes across the nation, our team stands to make your commercial financing and effective, transparent and painless process.
North Penn Financial's talented professionals are specialists who apply their experience and knowledge to crafting innovative solutions to the complex financial and strategic challenges that confront borrowers. North Penn Financial creates value for its borrowers be devising innovative means of obtaining capital.
In an industry where "going by the book" may be sufficient for most first, North Penn Financial has broken many of the old traditions and created a few new ones. Let us show you how we can help you.
Request a confidential Loan Quote, or call our executive team today directly at 215-361-6900.
A commercial loan differs from a residential mortgage in that the collateral used to secure a commercial loan is a commercial building or business real estate instead of a residential property. What’s more is commercial mortgages are generally assumed by a business entity instead of an individual borrower. As a result of this, assessing and securing a commercial mortgage is somewhat more complicated than a residential mortgage. A complex process involving many factors plays into determining creditworthiness for a business.
At North Penn Financial, LLC it’s our privilege to guide you through this new and exciting process. Two of the most important aspects of a commercial mortgage to keep in mind are interest rate and loan repayment schedule.
Most commercial loans offered today are fixed. This means you have the security of knowing that if interest rates were to increase you wouldn’t be stuck making higher monthly payments. Conversely some borrowers are opting for a variable interest rate to take advantage of lower initial payments. However, a loan of this nature runs the risk of having interest rates increase and thus increasing your monthly payment.
Unlike residential mortgage loans, most commercial loans require a balloon payment at some point during the loan term. This means that after a given amount of time making small monthly repayments, the borrower would be required to make a large final payment consisting of the remainder of the loan. Loan Repayment Schedules which call for a longer time to repay the loan typically have higher interest rates.
Please speak with one of our representatives today to take advantage of this terrific opportunity to grow your business. We’ll guide you every step of the way and customize a commercial mortgage solution specific for your business.
FIX & FLIP / BRIDGE LOANS
SHORT-TERM FINANCING
MEDIUM-TERM FINANCING
SBA LOAN
EQUIPMENT FINANCING
INVOICE FINANCING
ASSET-BASED LENDING
UNSECURED WORKING CAPITAL
LINE OF CREDIT
COMMERCIAL REAL ESTATE
If you’re considering any of the following as a means to grow your business then a commercial mortgage might be right for you.
Every borrower’s situation is a little different, so be sure to email or call one of our commercial loan specialists today. We look forward to offering you a personalized commercial mortgage solution tailored to fit your company’s needs.
Qualification for a commercial mortgage depends largely on the type of property or building that is being applied for. For a more in-depth look at qualifying commercial properties please check out our commercial loan type page.
Despite some specifics on certain properties there are general criteria for qualification. As a business owner it is important for you to be able to show that your company has an appropriate debt to cash ratio. Even a company with a poor credit rating can still receive a commercial mortgage if the primary owner can show good personal credit as well as sufficient liquid assets.
Additionally, your company will need to show a continued and stable pattern of profitability as well as plans for future growth. This might include, but not limited to, copies of your business plan, earning projections and long-term business goals.
For a more detailed and personalized assessment of commercial mortgage qualifications please email or call 215-361-6900 today and speak with one of our commercial loan specialists.
