Commercial Loan Underwriting

We are a direct lender, not a broker. This means there will be less red tape, paperwork, and a faster approval process for your commercial loan. Since we control the interest rate directly and have the ability to make final decisions where a broker does not. SNC accepts 1003 loan applications which are traditionally used for residential loans.

Security National Capital provides commercial loan underwriting for all loans. This insures that your specific borrowing needs and conditions stay in place through each step of the process.

Knowledge is power, especially in sometimes fluid real estate markets. Curious to know what goes into the commercial loan underwriting process?

1. LTO: Unlike residential lending, commercial investment properties are viewed more conservatively. Commercial loan underwriting requires a minimum of the purchase price to be paid by the buyer. The remaining amount is in the form of a mortgage provided by our company. We do commercial loan underwriting at a 75% maximum loan to value.
2. Fair Market Value: Security National Capital analyzes Fair Market Value and Fair Market Rent. Special use property may require additional underwriting. Age, appearance, local market, location, and accessibility are some other factors we consider in commercial loan underwriting.
3. Debt Coverage Ratio: When processing a commercial loan underwriting request, we can give you a preliminary review of the investment property that you want to purchase. We can help you assess risks and investment potentials, based on the debt coverage ration on your property type. As a rule, apartment properties are considered to be less risky, and these and other factors all play an important role in the quality of our commercial loan underwriting process.

We invite you to contact us online or call us today (800.760.3384 toll-free) with any commercial loan underwriting questions.

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