Every asset class in the market
Multifamily, retail, mixed-use, shopping centers, office, industrial, warehouses, underlying co-ops, fractured condos and 2–4 family investment property.
SBA 504 & conventional commercial real estate
Financing secured by the property.
King Capital places commercial real estate files with lenders active in the asset class — conventional debt secured by investment property, SBA 504 on an owner-occupied building. The application describes the asset and the sponsor behind it. It continues in the secure application once the file is open.
- Multifamily, retail, mixed-use, office, industrial and 2–4 family investment property
- Acquisition, refinance, cash-out and repositions, plus SBA 504 on owner-occupied buildings
- Sponsors with the equity in place and a property already identified
- The property
- The asset
- The sponsor
- Documents
- Review
The asset
These are the numbers the loan is sized on.
How is the property occupied?
Investment property is financed conventionally, secured by the asset.
Give the address of the property being financed, not the registered office of the entity.
Net operating income after operating expenses, before debt service. The loan is sized off this number.
Loan amount requested Price or value, less your equity
—
The sponsor
The guarantor is underwritten alongside the asset. This is your half. We already have your name and how to reach you.
The property’s operating history
The asset is underwritten on what it earns. The trailing twelve and the rent roll are the two documents every file starts with.
Attach what you have. Nothing here holds up the review. The rest can go up later in your secure application.
Supporting documents
A personal financial statement, the schedule of real estate owned, leases, an appraisal, environmental reports, plans and specs for construction, and anything else already in hand. No limit on how many.
PDF, JPG, PNG, Excel or Word, up to 100 MB per file. Title, survey and the environmental report come later in the secure application.
Review and submit
Check the numbers on the asset. You can go back and change anything.
Your application is in.
Next you'll finish in the secure application, where identity and credit verification happen.
Placed with lenders who know the asset class.
King Capital takes the property and its operating numbers to lenders active in commercial real estate — bank and agency debt on investment property, SBA 504 where the owner occupies the building.
A shorter path to closing
The file goes out complete, so the first question back is about terms rather than about a missing document.
One file, several lenders
The same package is read by every lender on the file, which is what makes the terms that come back comparable.
From application to funding.
King Capital stays on the file through the lifecycle of the loan, and the portal shows where it stands at each stage.
- 1
Apply
The property, the operating numbers and the sponsor, in one application with no fee.
- 2
Size the loan
The request is measured against the asset’s net operating income, its occupancy and the market.
- 3
Documents
The trailing twelve, the rent roll and the entity returns go up once, into one repository.
- 4
Term sheet
Rate, term, amortization and leverage come back in the portal for review.
- 5
Close
The lender closes the loan, and the file stays visible in the portal until it funds.
Real estate by the numbers.
What the programs allow, and where a commercial property request usually lands.
SBA 504 on owner-occupied
The 504 debenture reaches $5mm, over a 25-year term, with a down payment of at least 10%.
More than one lender when the deal is larger
A larger request is split across lenders rather than trimmed to fit one balance sheet.
Markets served
The states and metros the practice covers, and the asset classes it places most often.
Find out what the property can carry.
Send the asset and the operating numbers. King Capital sizes the request, takes it to lenders active in the asset class, and returns the terms in the portal.
- Up to $5mmSBA 504 debenture
- 25 years504 repayment period
- 10% minimumDown payment on 504