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  Lendio Commercial Mortgage

Lendio Commercial Mortgage

in Commercial Mortgage from Lendio

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Lendio Commercial Mortgage

Unaffiliated

in Commercial Mortgage from Lendio

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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

Lendio Commercial Mortgage Review

Lendio Commercial Mortgage is offered by Lendio, a marketplace lending platform founded in 2011 and based in Lehi, UT. Lendio Commercial Mortgage is available in 50 states (and Washington, DC).

Lendio Commercial Mortgage FAQ

How much can you borrow via Lendio?

Lendio 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 Lendio?

Lendio 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 Lendio offer?

Lendio offers commercial mortgages with APRs starting at 4.25% .

What type of guarantors does Lendio require?

  • Business

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

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

Does Lendio charge a mortgage origination fee?

Yes, Lendio may charge a loan origination fee.

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

Lendio considers loan applications for business purposes, such as:

  • Lease Improvement
  • New Location

What are the business financing requirements for Lendio?

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

  • Business Certificate
  • Business License
  • Business Bank Account
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Contact

  • Headquarters
  •   4100 Chapel Ridge Road
    Suite 500
    Lehi, UT 84043
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 6:30am - 7:00pm
  • Tuesday 6:30am - 7:00pm
  • Wednesday 6:30am - 7:00pm
  • Thursday 6:30am - 7:00pm
  • Friday 6:30am - 7:00pm
  • Saturday Closed

Other Services by Lendio

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 650 - 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)
  • Employer Identification Number
Collateral Requirement
  • Secured
  • Unsecured
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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