At Visio, we’re proud to bring our proven expertise into small balance commercial with the launch of our new Commercial Loan Program. Our commercial loans feature full 30 year terms (no balloons!), loan-to-values up to 70%, and loan amounts from $200k-$3 million. Plus, you can protect your assets by borrowing in a corporate entity. Here is a closer look at what fits into our Visio Commercial Box in terms of property type and borrower type.
Commercial Property Types
Our Commercial Loan Program is designed for residential multi-family properties, mixed-use properties, and some other common type of commercial investment properties. Here are the property types that fit into our box:
- Multi-family: 5 units or more,
- Mixed-Use: at least 50% of income should be residential
We do not lend on:
- Retail
- Warehouse
- Light Industrial
- Flex Space
- Office
- Buildings converted from their original use
- Buildings with extensive code violations
- Gas stations/auto repair facilities using hazardous fluids
- Industrial manufacturing facilities
- Marinas
- Non-convertible restaurants/entertainment clubs
- Schools, day cares, or skilled nursing facilities
- Churches or non-profit businesses
- Surgery centers or hospitals
- Fractured condos
- Hotels, condotels, or student housing
Commercial Borrower Types
We lend to:
- Entities such as corporations, LLCs, limited partnerships, and general partnerships
We do not lend to:
- Individuals, US. citizens, and permanent resident aliens
- Trusts
- Foreign national borrowers
- Non-profit entities
- Individuals with diplomatic immunity
Keep in mind, this is a general overview of our Commercial Loan Program, and for key details and more specific information, you should talk to your Visio Account Executive. Contact us for any small balance commercial loan inquiries!
*In light of disruptions due to COVID-19, please contact your Visio Account Executive for current product offerings, requirements and terms.
Learn more about our Rental Loan Program and what fits into our Residential Visio Box.
Related: An Overview of the Visio Box, 5 Key Small Balance Commercial Loan Types
