Lenders offer warehouse mortgages for a variety of scenarios, such as purchase, acquisition and development, refinance, and cash-out refinance.
Vacant Lot Loans
A loan to buy a vacant lot is a mortgage used to purchase or refinance either an improved or unimproved parcel of land.
Undeveloped Land Loans
Undeveloped land is often purchased by a business-purpose borrower with the intent to develop a commercial real estate asset.
Subdivision Development Loans
This type of commercial mortgage also is known as a land acquisition loan or land development loan.
A stated-income mortgage is underwritten with the borrower’s income as the primary factor, but the income is stated and not verified in order to save time and money.
Self Storage/Ministorage Loans
Financing for a self storage facility is a special-purpose type of commercial property loan pertaining to a facility that allows people to keep their personal belongings away from their primary residence.
Self Employed Mortgages
Self employed home loans can come in a variety of flavors. It’s possible for these borrowers to qualify for a conventional or government-backed loan, but it’s increasingly common for self-employed workers to get nonqualified (non-QM) loans.
SBA 7(a) Loan
The federal government’s Small Business Administration (SBA) has a loan guarantee program that supports commercial lending in the US.
Lenders offer mortgages for an array of restaurant scenarios, including start-ups, opening and financing a restaurant, cafés, fast-food franchises, bakeries, specialty restaurants, franchised or branded restaurants, chains and independents.
Residential Second Lien Mortgages
A second mortgage is a loan a borrower takes on a home that people live in, whether it is a primary residence, a vacation home or a rental property.