Small Balance Commercial Loans: A Solution for Business Owners
When it comes to securing a New Mexico commercial loan for less than $500,000, many business owners face a common challenge – finding a lender willing to work with them. Most banks and traditional lenders dismiss these small balance commercial loans, viewing them as too insignificant to warrant attention. Unfortunately, this leaves many business owners struggling to secure the funding they need to grow or maintain their operations.
However, Ben Lucero and Indigo Mortgage see things differently. At Indigo Mortgage, small balance commercial loans are not overlooked. With over 20 years of experience in the commercial real estate lending sector, Ben Lucero and his team at Indigo Mortgage have established strong relationships with lenders who specialize in these types of loans. Whether the request is $100,000 or $10 million, Ben Lucero and Indigo Mortgage can accommodate a variety of financing needs for business owners.
What Are Small Balance Commercial Loans?
Small balance commercial loans typically refer to loans of less than $500,000 used for commercial real estate purposes. This can include purchases, refinances, and cash-out loans for properties such as multifamily units, warehouses, office buildings, car lots, storage units, and more. These loans can be used for both owner-occupied and non-owner-occupied properties, giving business owners the flexibility to finance various types of real estate investments.
Why Are Banks Unwilling to Lend?
Many business owners find themselves frustrated when banks and traditional lenders refuse to return their calls regarding small balance commercial loans. The primary reason is that lenders often consider these loans less profitable and not worth the time and resources to underwrite. As a result, many borrowers are left without viable financing options.
How Ben Lucero and Indigo Mortgage Can Help
At Indigo Mortgage, Ben Lucero and his team treat small balance commercial loans with the same level of attention as larger financing requests. As a broker, Indigo Mortgage has access to a network of lenders that specialize in small balance commercial real estate loans. This allows Ben Lucero to match borrowers with the right loan programs tailored to their specific needs.
Whether you’re looking to purchase a multifamily property, refinance an office building, or take out a cash-out loan for a warehouse, Ben Lucero and Indigo Mortgage can help. They understand the unique challenges faced by small business owners and work diligently to provide the best financing solutions available.
Contact Ben Lucero at Indigo Mortgage Today
If you are a business owner struggling to secure a small balance commercial loan, don’t let the lack of response from traditional lenders deter you. Reach out to Ben Lucero at Indigo Mortgage to explore your options and find a loan program that fits your specific commercial real estate needs. With over two decades of experience in the industry, Ben Lucero and his New Mexico team are committed to helping you secure the funding necessary to grow your business. Call Ben Lucero today to learn more.