Owner Occupied Conventional Loan Program

Avid Commercial specializes in commercial mortgage loans for owner occupied properties. We provide long term, below market, fixed rate financing to small businesses for purchase and rate/term refinance transactions. In select areas we will also fund construction and renovation projects that qualify for our term financing.

Med West

Brian and Avid Commercial just wouldn’t give up on us. Brian called us out of the blue to introduce himself and Avid at the perfect time. Our 90,000 sf medical plaza was under construction, but the lender was struggling with their term financing. Brian coordinated our payoffs and worked closely with title and the SBA to approve a loan we’ll never have to worry about again. Brian and Avid worked through a mountain of paperwork and had some “out of the box” ideas to make our loan work for us. The 25 year fixed rate option was perfect for our group, and the rates/terms were extremely competitive. We’d most definitely work with Avid again should the need arise.

Loan Summary Sheet:

Avid Commercial Advantages
  • Conventional Financing
  • Historically Low Fixed Rates
  • Fast and Easy Processing
  • Avid Commercial Will Work with Brokers
  • Get paid at closing
Property Types
  • Office
  • Warehouse
  • Retail
  • Mixed Use Properties
  • Medical/Dental
Eligible Project Costs
  • Purchase (Building and Land)
  • Refinance
  • Soft / Closing Costs
  • Tennant Improvements
  • FF&E
General Terms/Guides
  • LTV’s up to 65%
  • Loan amounts between $500M and $10MM
  • Fixed rates
  • FICO above 675
  • Debt service ratio above 1.20 times
  • Up to 25 year amortization
What we won’t do
  • Cars, Trucks, Airplanes
  • Inventory Purchases
  • Taxes
  • Franchise Fees
  • A/R Financing
  • Bankruptcies within 7 years