Commercial Mortgage & Warehouse Loans

A commercial mortgage is a loan made using real estate as collateral to secure repayment.

A commercial mortgage loan is similar to a residential mortgage, except the collateral is a commercial building or other business real estate, not residential property.

In addition, commercial mortgages are typically taken on by businesses instead of individual borrowers. The borrower may be a partnership, incorporated business, or limited company, so assessment of the creditworthiness of the business can be more complicated than is the case with residential mortgages.

A warehouse loan is defined as the borrowing of funds by a retail lender on a short-term basis using permanent mortgage loans as collateral. This form of interim financing, called a warehouse loan, is used to raise funds to make home mortgages and carry them until the mortgages are packaged and sold "out of the warehouse" to an investor. Proceeds from the sale are used to reduce the warehouse loan.

Blue Chip International, L.L.C. is a national clearinghouse representing over 100 specialty commercial real estate lenders nationwide who provide financing for difficult real estate transactions. BCI will need before we can present your loan to our brokering source.

Client seeks 100% financing to acquire a 5-unit apartment building for $200,000.00.

Blue Chip can arrange for 100% financing of this particular property provided that the buyer has excellent personal credit. In this instance, we can bring in a lender to provide 80 to 90% of the purchase price and the balance would come from an unsecured FICO loan based on the borrowers excellent personal credit.