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  Credibly Commercial Mortgage

Credibly Commercial Mortgage

in Commercial Mortgage from Credibly

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Credibly Commercial Mortgage

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in Commercial Mortgage from Credibly

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Highlights
Minimum Months in Business N/A
Loan Amount $250,000 - $5,000,000
Loan Term (Years) 20 - 25 years
Minimum Revenue N/A

Credibly Commercial Mortgage Review

Credibly Commercial Mortgage is offered by Credibly, a direct lender founded in 2010 and based in Troy, MI. Credibly Commercial Mortgage is available in 50 states (and Washington, DC).

Credibly Commercial Mortgage FAQ

How much can you borrow via Credibly?

Credibly allows borrowers to apply for commercial mortgages with loan amounts of up to $5,000,000.

What is the maximum loan term you can get with Credibly?

Credibly offers commercial mortgages with terms ranging from 20 to 25 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What range of rates does Credibly offer?

Credibly offers commercial mortgages with APRs starting at 4.25% .

What type of guarantors does Credibly require?

  • Business

What is the estimated funding time for a commercial mortgage via Credibly?

Credibly will typically fund mortgages within 45 and days of approval.

Does Credibly charge a mortgage origination fee?

Yes, Credibly may charge a loan origination fee.

What limitations does Credibly set on the purpose of the loan?

Credibly considers loan applications for business purposes, such as:

  • Lease Improvement
  • New Location

What are the business financing requirements for Credibly?

To apply for Credibly Commercial Mortgage, the applicant needs to provide the following business document:

  • Business Certificate
  • Business License
  • Business Bank Account
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Message From Credibly Commercial Mortgage

Whether searching for a location for your new business or upsizing an existing operation, finding and financing real estate is an essential piece of owning a small business. Having the right location can really be crucial to your success if your business is based around in-person service, but finding the right home for your business can be difficult, especially at the early stages of work. Many business owners have trouble paying for real estate in full at the time of purchase. Luckily, there’s no shortage of financing options to help you launch your business. Commercial real estate loans, mortgage financing, and other small business loans help thousands of people each year to begin their small business careers.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Credibly

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Business Financing Requirements
  • Business Certificate
  • Business License
  • Business Bank Account
Credit Score Range 600 - 850
Guarantor(s) Business
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Verification Documents Required
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
Intended Use of Funds
  • Lease Improvements
  • New Location
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 45 days
Payment Frequency Monthly
Payment Options Automatic Payments
APR (Fixed APR) Starting at 4.25%
Loan Amount $250,000 - $5,000,000
Loan Term 20 - 25 years

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