Have you been turned down by your bank for a real estate loan? Or are their underwriting requirements just too onerous? 

Let's face it. Trying to buy real estate to house your growing business, or investing in income producing property, can be challenging. Add in to the mix a few bumps in the past, such as credit blemishes or back taxes owed, and it can be an uphill climb. 

Commercial property owners, or would-be owners, can face many such challenges to their real estate ownership goals. When your local bank can't come through, it's tempting to think the only options may be hard money loans. Or merchant cash advances if you were looking to borrow against equity for working capital. 

If local bank financing is not in the picture, a "small-balance" commercial loan from a commercial mortgage company could be your answer. ‍

What about small-balance commercial mortgages?‍

A small-balance commercial mortgage from an alternative lender may be just what the doctor ordered. The small balance market specializes mainly in loans from about $100k up to $2 million. And with less stringent requirements than typical banks. Here are a few reasons you could have trouble with conventional underwriting:

• Your tax returns may not present a complete picture of your repayment ability
  

• You have a tax lien or are on an IRS payment plan (usually an automatic loan denial)
  

• Past credit issues or bankruptcy
  

• You need a faster loan closing than can normally be accomplished with a conventional lender
  

• Your goal, such as cashing out equity for working capital or investing outside the business, goes against bank policy
  

Working with a small balance alternative lender means none of these are the end of the road for your real estate goals. Your Able Building & Loan commercial mortgage specialist can arrange loans for the above plus a whole lot more, with single digit rates and 30-year terms.