Commercial Loan Direct (CLD Capital) has Begun Focusing Its Efforts on Refinancing Large-Balance Commercial Loans and Apartment Mortgages Around the Continental US.

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Commercial Loan Direct, the online business division of CLD Capital of Atlanta, GA, has begun focusing its efforts on refinancing large-balance commercial loans around the continental US. With products for office, retail, multi-family, industrial, and self-storage, Commercial Loan Direct can offer options for borrowers looking to refinance their high-interest or bullet loans coming due—through wholesale loans and CMBS loans.

Apartment loans by Commercial Loan Direct

Apartment loans by Commercial Loan Direct

Commercial Loan Direct can offer options for borrowers looking to refinance their high-interest or bullet loans coming due

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Commercial Loan Direct, a business division of CLD Capital and one of the top five online originators of commercial mortgages and apartment loans in the country, has begun focusing its efforts on refinancing large-balance commercial loans around the continental US. With products for office, retail, multi-family, industrial, and self-storage, Commercial Loan Direct can offer options for borrowers looking to refinance their high-interest or bullet loans coming due — through wholesale loans and CMBS loans.

Commercial Loan Direct provides two (2) highly customized commercial financing programs to help meet the individual and investment needs and requirements of its borrowers.

Large Wholesale Loans

Loan Amount: $5 Million - $250 Million
Fixed Rate: 2-5 Years
Amortization: 25-30 year schedules available on most transactions, subject to underwriting criteria.
Prepayment: Multiple options
Assumable: Yes
Recourse: Non-recourse with standard carve-outs
Property Types: Office, grocery-anchored retail, multi-family, industrial, and self storage
Loan to Value: up to 75-80%
Prepayment: Multiple options
Other Costs: Lender’s standard loan documentation intended to minimize out-of-pocket legal expenses for Borrower. Borrower is responsible for cost of appraisal, environmental reports, property condition survey, and closing costs
Rate Lock: Available upon receipt of complete application, subject to Borrower qualification
Availability: Nationwide - Major MSA markets
Other: properties must be multi-tenanted and stabilized with 85%+ occupancy

Commercial Loan Direct offers conduit loans nationwide. CLD's conduit loan financing options are specifically tailored for multifamily and commercial real estate transactions. The CMBS or Commercial Mortgage Backed Securities market offers competitive finance pricing and flexibility. Conduit loans are usually non-recourse.
Conduit loans have been part of a trend in the Investment Banking industry to become more "vertically integrated". That is, instead of helping banks and other lenders to provide fix rate products and replenish funds by selling off loans as bonds, investment banks have taken to making the loans themselves, and then selling the bonds themselves. In fact, many times the Investment Banks make little or no money on the loan itself, and only make money by the selling and trading of bonds. For this reason, these forms of loans are usually at a better interest rate than is possible through other forms of Bank lending.

Loan Amount: $5 Million - $250 Million
Pricing: Fixed interest rates priced at competitive spreads over comparable maturity U.S. Treasury
Term: 2-5 years
Amortization: 25-30 Years Maximum
Prepayment: Multiple options
Loan to Value Ratios: 70-75%
Assumable
Recourse: Non-recourse
Property Types: Office, grocery-anchored retail, multi-family, industrial, and self storage
Availability: Nationwide - Major MSA markets
Other: properties must be multi-tenanted and stabilized with 85%+ occupancy

Commercial Loan Direct ('CLD') a division of CLD Capital is a wholesale commercial mortgage lender and apartment mortgage banker originating for its own portfolio. In addition to offering its own financial programs, CLD has partnered with institutional investors, Fannie Mae, Freddie Mac, FHA, SBA, USDA, life insurance companies, banks and real estate investment trusts to bring you a wider selection of additional lending vehicles. With a focus on commercial loans over $1 million, a diversified mix of financing products, a state of the art online commercial lending platform, and a staff of experienced professionals, CLD provides a cost-efficient solution for apartment lending and commercial property financing.

View CLD's commercial loan rates

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Leanne Eicoff
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