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Warehouse
There are many different kinds of financing available for warehouses. Do you know which is best for your property? Learn more.
With the rise of e-commerce, more goods are being sold and shipped around the country than ever before. And, those goods need to be stored somewhere. That's where warehouses come in. While warehouses might not be the most visible part of the retail and industrial economy, they're incredibly essential to the success of millions of businesses across the United States.
In 2017 alone, the warehouse industry took in approximately $25 billion in revenue and employed nearly 240,000 people. So, if you're looking to get financing for your warehouse, Commercial Real Estate Loans is ready and waiting to help. In particular, we finance:
Warehouses
Light industrial properties
Mixed warehouse properties
Storage facilities
Packaging centers
Research facilities
Manufacturing centers
Loan Size: $500,000+
Loan Purpose: Loan can be used for property acquisition or refinancing, but cannot be used for business only-financing
Loan Term: 3, 5, 7 and 10-year fixed-rate terms
Amortization: 15, 20, 25 and 30-year options
Leverage: 75% LTV allowance (subordinate debt allowed)
DSCR: 1.40 minimum DSCR
Credit Score Requirement: 660 minimum
Loan Size: $2,000,000 and up
Loan Term: 5, 7, or 10 year fixed-rate loans
Interest Rates: 4.9% (for 10 year fixed)
Amortization: 30 years
Leverage: 75% maximum LTV allowance
DSCR: 1.25 minimum
Recourse: Non-recourse (with standard carve-outs)
Warehouse Loan Terms
In general, our warehouse loan terms include:
CMBS Loans For Warehouses
For warehouse owners seeking a larger amount of commercial property financing, Commercial Real Estate Loans can arrange conduit loans, otherwise known as CMBS loans, for eligible projects. Our typical CMBS loans include:
SBA Loans for Warehouses
Depending on the size and eligibility of the core business purchasing a warehouse, the SBA 7a and SBA 504 loan programs could be another excellent financing option. With SBA loans, warehouse-based business owners can purchase property, buy equipment and get working capital for their business. That makes these loans significantly more versatile for business owners who need more than just property to jumpstart their business growth. While SBA loans have a lot of benefits, they do have stricter requirements than most other kinds of financing, including increased credit score requirements.
Get Your Free Warehouse Loan Quote Today
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