What is an owner-occupied commercial real estate loan?+
A loan on a commercial building that your own business uses, like a warehouse, a manufacturing plant, or an office. Since your business is the tenant, its ability to pay carries the loan.
How much can I borrow on my business's building?+
Up to 90% combined, on loans from $1 million to $10 million.
Can I take cash out?+
Yes, as long as the cash goes to eligible expenses of running the business, like payroll, rent, inventory, or business debt. It can't go to personal expenses.
What does my existing loan need to look like?+
The loan being refinanced has to be at least 6 months old and mainly used for the building or major equipment, and the new payment on that debt has to be lower than what you pay today. Send the numbers on your current loan and we'll tell you where it stands.
How long does my business need to have been operating?+
At least 2 years for a refinance. Startups are a harder fit.
Is this an SBA loan?+
Yes. It uses the SBA 504 structure: a first loan for about 50% of the value, an SBA-backed second for about 40%, and at least 10% equity from you.
What are the rates?+
The rate is a blend of the first loan and the second loan, and the second loan is fixed long term. Send the numbers for terms on your building.
Can I own the building through a separate company?+
Yes, and it's common. Many owners hold the building in its own company and have their business lease it. The operating business is part of the loan.
What types of buildings qualify?+
Existing industrial, manufacturing, office, and warehouse buildings your business occupies, plus self storage facilities you actively operate. Homes and mixed-use buildings where you live don't qualify.
Does self storage qualify?+
Yes, when you actively run the facility yourself or with your own employees, including leasing and collections. A facility held as a passive investment or handed off to an outside manager generally doesn't fit, and our
Commercial DSCR program may be the better choice.
What if my business only uses part of the building?+
Your business has to occupy at least 51% of an existing building, and you can lease the rest to other tenants. If other tenants lease most of the building, our
Commercial DSCR program may fit better.
Does my business qualify?+
Most small and mid-size businesses do. The business has to be for-profit and within the program's size limits, and its owners have to be U.S. citizens or U.S. nationals. Owners of 20% or more sign a personal guaranty.
Can I use this to buy a building?+
Yes, we also review purchases of a building your business will occupy. Plan on as little as 10% down, or 15% to 20% for a business under two years old or a single-purpose building.
What if I have more equity and don't need 90%?+
Send the numbers anyway. We have other programs for owners with more equity, and we'll tell you what fits.
What credit score do I need?+
680 and up.
Where does Capituro offer owner-user commercial loans?+
In 35 states: Alabama, Alaska, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Mississippi, Missouri, Montana, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming, plus Washington, DC. Very rural areas within these states may be restricted. Send the address and we'll confirm whether your building fits.
