Short.png

Conduit Loans

Elevate Your Commercial Real Estate Projects with Conduit Loans Conduit loans are your gateway to financing commercial real estate ventures. With competitive rates and flexible terms, these loans provide the capital you need for your projects. Whether you’re refinancing, acquiring, or developing commercial properties, conduit loans offer a streamlined solution for success. Explore the possibilities and take your commercial real estate endeavors to new heights with conduit loans.

[cConduit Loans

Conduit LoansConduit Loan Programs provide low fixed rates for commercial property loans for the purchase or refinance of income producing commercial properties located in the majority of market sectors such as small and medium markets for commercial mortgages up to $50 million and more.

Advantages of Conduit Lending

Conduit lending is advantageous for the borrower because the loan is low cost due to the ability for the loan to be sold in the bond market.  When lenders sell the Conduit loan creating additional profits for the lender, thereby allowing the lender to reduce cost and rates so the loan is more attractive to the borrower.  Conduit loans for the borrowers can be a feasible solution to acquire a low fixed rate commercial financing because the interest rates are determined from the Treasury rates and a margin that is added by the lender.

Conduit loans provide increased leverage for the investors with 80% to 90% Loan To Value when combined with Mezzanine Financing.  Some Conduit loans provide non-recourse options where no personal guarantee is required which can be an additional benefit for the borrower.

Commercial Real Estate Conduit Loan Breakdown

Eligible Properties

Apartment/Multifamily

Hotel

Industrial

Manufactured Housing Communities

Mobile Home Parks

Office Building

Retail (Anchored -Unanchored-Weak)

Self Storage

Shopping Center

Warehouse

Conduit programs for multifamily housing property loans

WHAT IS A CONDUIT LOAN?

Generally, Commercial real estate first mortgages are categorized as securitized loans (CMBS loans) and or portfolio loans. Lenders that originate portfolio commercial mortgages will hold and service the loan til maturity unlike a CMBS transaction. CMBS loans are many mortgage loans with different sizes and property types and are pooled together to be sold or transferred to a investor or trust. The investor or trust issues bonds that normally have different yields and terms. Rating agencies will assign credit ratings to the bond classes ranging from AAA/Aaa through BBB-/Baa3 as well as below investment grade (BB+/Ba1 through B-/B3) along with an unrated class that is the lowest rated bond class. By reviewing the investment ratings, investors choose which bonds to purchase. The monthly interest is received from the pools of loans and is paid to investors in order of bond rating (highest rated to lowest rated) which is referred to as a waterfall structure. The principal payments received are also distributed in the order of highest rated bonds to the lowest and un-rated bonds. If borrowers of the mortgages default on their payments or foreclosed upon, then investors in the most lowest bond class loss along with further higher losses for higher bond classes.

REMIC – Real Estate Mortgage Investment Conduit

Securitized commercial real estate loans may be referred to as Real Estate Mortgage Investment Conduit (REMIC). REMIC have favorable tax law which allow the investment trust to be a pass-through entity without being subject to any taxes for the trust. In order to take advantage of the tax benefits, REMIC regulation compliance is required.

CMBS have many attractive features such as the bonds backing the pools of commercial real estate loans are normally valued higher than the value of the matured loans they back. Additionally, liquidity of CMBS’ are attractive to investors in many markets. The borrower benefits from this aspect of the CMBS loans because lenders will provide better rates and terms because they have additional profits from the sale of bonds.

BEFORE CLOSING A CONDUIT LOAN

Servicing of the loans is something to take into consideration when acquiring a conduit loan. Reviewing the loan documents before closing is highly advisable since conduit financing and servicing request can have many rules which will be outlined in the loan documents.

POOLING AND SERVICING AGREEMENT

After the loans are transferred to the trust entity which are then securitized, the Pooling and Servicing Agreement referred to as the PSA of the trust and is used to service the loan. Pooling and Serving Agreement is also used for the distribution of loan profits as well as losses. The difference between portfolio loans and Conduit loans is the the varying guidelines of portfolio loans compared to the standardized procedures of the PSA which is outlined according to the REMIC requirements.

CONDUIT LOAN PARTICPANTS OVERVIEW

Conduit loans have many participants that are involved in the origination, processing and capitalization of the loans such the servicing entities which include the Primary, Master and Special services. Other participants include the Trustee, the investor or buyer, the borrower of the original loan and the rating agencies.

PRIMARY SERVICE PROVIDER

This usually is the bank that originated the loans and works with the master service provider to carry out the required administration and servicing of the loan according to the PSA previously mentioned.

MASTER SERVICE PROVIDER

Master Service Providers are the servicing party that is responsible for ensuring the proper administration and required serving of the loans which in most cases is carried out by the primary service provider. The Master service provider provides these services for the trust.

SPECIAL SERVICE PROVIDERS

Special service providers handle the assumption or transfer of a loan as well as loans that are in default by the borrowers. The Special Service is also providing these services for the trust.

INVESTOR / Buyer

The investor is the buyer of the bonds and is also able to make decisions on asset issues and appointing special service providers.

TRUSTEE

Trustees handle the financial documents related to the loans and allocate the income payments that are collected by the primary or master service provideers.

RATING AGENCIES

Rating agencies provide the ratings of the bonds according the the class grading system. Rating Agencies may also monitor the loan pool performance to provide rating for investors.

Alabama

Jefferson, AL

Montgomery, AL

Mobile, AL
Huntsville, AL
Tuscaloosa, AL
Birmingham, AL
Anniston, AL
Tuscaloosa, AL
Dothan, AL
Huntsville-Decatur, AL
Florence, AL
Mobile, AL
Montgomery, AL
Montgomery County, AL
Selma, AL
Tuscaloosa, AL
Jefferson County, ALAlaska
Anchorage, AK
Fairbanks, AK
Juneau, AK

Arizona
Phoenix, AZ
Scottsdale, AZ
Tempe, AZ
Paradise Valley, AZ
Sierra Vista, AZ
Tucson, AZ
Yuma, AZ

Arkansas
Fort Smith, AR
Fayetteville, AR
Springdale, AR
Rogers, AR
Jonesboro, AR
Little Rock, AR
Pine Bluff, AR
El Dorado, AR

California
Antelope Valley, CA
Lancaster, CA
Palmdale, CA
Bakersfield, CA
Chico-Redding, CA
Coachella Valley, CA
Palms Springs, CA
Thousand Palms, CA
Culver City, CA
Davis, CA
East Bay, CA
Alameda County, CA
Oakland, CA
East Bay, CA
Contra Costa County, CA
Concord, CA
Walnut Creek, CA
Eureka, CA
Fairfield, CA
Fresno, CA – Visalia, CA
Inland Empire, CA
Los Angeles, CA
Long Beach, CA
Marin, CA
San Rafael, CA
Merced, CA
Modesto, CA
Monterey, CA – Salinas, CA
Napa, CA
Oakland, CA
Orange County, CA
Santa Ana, CA
Palm Springs, CA
Riverside County, CA
Sacramento, CA
San Bernardino County, CA
San Diego, CA
San Francisco, CA
San Joaquin County, CA
Stockton, CA
San Mateo County, CA
Redwood City, CA
Santa Barbara, CA
Santa Maria, CA
San Luis Obispo, CA
Santa Clara Valley, CA
San Jose, CA
Silicon Valley, CA
Santa Cruz, CA
Santa Monica, CA
Sonoma County, CA
Santa Rosa, CA
Stockton, CA
Vallejo, CA
Ventura County, CA
Oxnard, CA
El Centro, CA

Colorado
Colorado Springs, CO
Pueblo, CO
Denver, CO
Eagle County, CO
Vail, CO
Fort Collins, CO
Grand Junction, CO
Montrose, CO
Roaring Fork Valley, CO
Aspen, CO
Summity County, CO
Winter Park, CO
Grand County, CO

Connecticut
Bridgeport, CT
Hartford, CT
New Haven, CT
Wallingford, CT
Norwalk, CT
Norwich, CT
Stamford, CT
Waterbury, CT
Central Naugatuck Valley, CT
New Britain, CT
Bristol, CT
Meriden, CT

Delaware
New Castle County, DE
Wilmington, DE
Kent County, DE
Dover, DE
Sussex County, DE

Florida
Daytona Beach, FL
Fort Lauderdale, FL
Fort Myers, FL
Naples, FL
Gainesville, FL
Jacksonville, FL
Lakeland, FL
Manatee County, FL
Brandenton, FL
Melbourne, FL
Miami, FL
Mobile, AL – Pensacola, FL
Fort Walton Beach, FL
Orlando, FL
Palm Beach, FL
Panama City, FL
Sarasota, FL
Tallahassee, FL
Tampa-Saint Petersburg, FL
Clearwater, FL
West Palm Beach, FL
Fort Pierce, FL

Georgia
Albany, GA
Athens, GA
Atlanta, GA
Augusta, GA
Columbus, GA
Macon, GA
Savannah, GA
Thomasville, GA

Hawaii
Honolulu, HI
Hilo, HI
Kahului, HI
Lihu’e, HI
Maui, HI
O’ahu, HI
Kaua’i, HI
Hawai’i, HI

Idaho
Boise, ID
Idaho Falls
Pocatello, ID
Twin Falls, ID

Illinois
Champaign, IL
Springfield, IL
Decatur, IL
Chicago, IL
Moline, IL
Macomb, IL
Madison, IL
Cape Girardeau,MO
Harrisburg, IL
Peoria, IL – Bloomington, IL
Quincy, IL
Rock Island County, IL
Rockford, IL
Springfield, IL

Indiana
Evansville, IN
Fort Wayne, IN
Indianapolis, IN
Lafayette, IN
South Bend, IN
Elkhart, IN
Terre Haute, IN

Iowa
Cedar Rapids, IA
Waterloo, IA
Iowa City, IA
Dubuque, IA
Davenport, IA
Rock Island, IA
Des Moines, IA
Ames, IA
Keokuk, IA
Sioux City, IA

Kansas
Joplin, MO
Pittsburg, KS
Hutchinson, KS
Topeka, KS
Wichita, KS

Kentucky
Bowling Green, KY
Lexington, KY
Louisville, KY
Northern Kentucky, KY
Fort Wright, KY
Covington, KY
Paducah, KY

Louisiana
Alexandria, LA
Baton Rouge, LA
Lafayette, LA
Lake Charles, LA
New Orleans, LA
Shreveport, LA

Maine
Bangor, ME
Lewiston, ME
Auburn, ME
Portland, ME
Presque Isle, ME

Maryland
Annapolis, MD
Baltimore, MD
Montgomery County, MD
Rockville, MD
Prince George’s County, MD
Salisbury, MD

Massachusetts
Amherst, MA
Northampton, MA
Attleboro Taunton, MA
Boston, MA
Boston’s Longwood Medical Area, MA
Kenmore Square, MA
Chestnut Hill, MA
Cambridge, MA
Brockton, MA
Merrimack Valley, MA
New Bedford, MA
Fall River, MA
Springfield, MA
Holyoke, MA
Worcester, MA

Michigan
Alpena, MI
Ann Arbor, MI
Battle Creek, MI
Detroit, MI
Flint, MI
Saginaw, MI
Bay City, MI
Grand Rapids, MI
Kalamazoo, MI
Lansing, MI
Marquette, MI
Traverse City, MI
Cadillac, MIMinnesota
Duluth, MN
Mankato, MN
Minneapolis, MN
Saint Paul, MN
Rochester, MN
Mason City, MN
IA-Austin, MN
Saint Cloud, MN
Duluth, MN
Mississippi
Biloxi, MS
Gulfport, MS
Columbus, MS
Tupelo, MS
West Point, MS
Greenwood, MS
Greenville, MS
Hattiesburg, MS
Laurel, MS
Jackson, MS
Meridian, MS

Missouri
Cape Girardeau, MO
Columbia, MO
Jefferson City, MO
Kansas City, MO
Ottumwa, MO
IA-Kirksville, MO
Springfield, MO
Saint Joseph, MO
Saint Louis, MO
Hannibal, MO

Montana
Billings, MT
Butte, MT
Bozeman, MT
Glendive, MT
Great Falls, MT
Helena, MT
Missoula, MT

Nebraska
Scottsbluff, NE
Lincoln, NE
Hastings, NE
Kearney, NE
North Platte, NE
Omaha, NE

Nevada
Las Vegas, NV
Reno, NV
Stateline, NV
Lake Tahoe, NV

New Hampshire
Concord, NH
Manchester, NH
Nashua, NH
Portsmouth, NH

New Jersey
Newark, NJ

New Mexico
Albuquerque, NM
Santa Fe, NM

New York
Albany, NY
Binghamton, NY
Buffalo, NY
Niagara Falls, NY
Elmira, NY
Ithaca, NY
Long Island, NY
Nassau County, NY
Suffolk County, NY
New York City, NY
Bronx, NY
Brooklyn, NY
Manhattan, NY
Plattsburgh, NY
Queens, NY
Staten Island, NY
Rochester, NY
Schenectady, NY
Troy, NY
Syracuse, NY
Rome, NY
Utica, NY
Watertown, NY
Westchester County, NY
White Plains, NY
Yonkers, NY

North Carolina
Chapel Hill, NC
Charlotte, NC
Greensboro, NC
High Point, NC
Greenville, NC
New Bern, NC
Washington, NC
Raleigh, NC
Durham, NC
Fayetteville, NC
Wilmington, NC
Winston Salem, NC

North Dakota
Fargo, ND
Moore Head, ND
Valley City, ND
Minot, ND
Bismarck-Dickinson, ND
Williston, ND

Ohio
Akron, OH
Cincinnati, OH
Cleveland, OH
Canton, OH
Columbus, OH
Dayton, OH
Lima, OH
Toledo, OH
Steubenville, OH
Youngstown, OH
Zanesville, OH

Oklahoma
Oklahoma City, OK
Ada, OK
Tulsa, OK
Lawton, OK

Oregon
Bend, OR
Eugene, OR
Medford, OR
Klamath Falls, OR
Portland, OR
Salem, OR

Pennsylvania
Allentown, PA
Erie, PA
Harrisburg, PA
Johnstown, PA
Altoona, PA
Lancaster, PA
Lebanon, PA
Monroe County, PA
Philadelphia, PA
Pittsburgh, PA
Reading, PA
State College, PA
Westmoreland County, PA
Greensburg, PA
Wilkes Barre, PA
Scranton, PA
Williamsport, PA
York, PA

Puerto Rico
San Juan, PR

Rhode Island
Providence, RI

South Carolina
Charleston, SC
Columbia, SC
Greenville, SC
Spartanburg, SC
Asheville, NC
Anderson, SC
Myrtle Beach, SC
Florence, SC

South Dakota
Rapid City, SD
Sioux Falls, SD
Mitchell, SD

Tennessee
Chattanooga, TN
Jackson, TN
Knoxville, TN
Memphis, TN
Nashville, TN
Tri-Cities, TN

Texas
Abilene, TX
Sweetwater, TX
Amarillo, TX
Austin, TX
Beaumont, TX
Port Arthur, TX
Brownsville, TX
McAllen, TX
College, TX
Station, TX
Bryan, TX
Corpus Christi, TX
Dallas, TX
El Paso, TX
Fort Worth, TX
Harlingen, TX
Weslaco, TX
Houston, TX
Laredo, TX
Lubbock, TX
Odessa, TX
Midland, TX
San Angelo, TX
San Antonio, TX
Tyler, TX
Long View, TX
Lufkin, TX
Nacogdoches, TX
Victoria, TX
Waco, TX
Temple, TX
Bryan, TX

Utah
Logan, UT
Park City, UT
Salt Lake City, UTVermont
Burlington, VT

Virginia
Blacksburg, VA
Charlottesville, VA
Hampton, VA
Norfolk, VA
Virginia Beach, VA
Harrisonburg, VA
Norfolk, VA
Portsmouth, VA
Newport News, VA
Richmond, VA
Petersburg, VA
Roanoke, VA
Lynchburg, VA
Williamsburg, VA
Burlington, VT

Washington
Bellingham, WA
Bremerton, WA
Everett, WA
Grays Harbor, WA
Olympia, WA
Seattle, WA
Snohomish County, WA
Everett)
Spokane, WA
Tacoma, WA
Vancouver, WA
Wenatchee, WA
Chelan, WA
Douglas Counties, WA
Yakima, WA
Pasco, WA
Richland, WA
Kennewick, WA

Washington, DC
Washington, DC

West Virginia
Bluefield, WV
Beckley, WV
Oak Hill, WV
Wheeling, WV
Charleston, WV
Clarksburg, WV
Weston, WV
Huntington, WV
Parkersburg, WV

Wisconsin
Superior, WI
Eau Claire, WI
Green Bay, WI
Appleton, WI
Janesville, WI
Kenosha, WI
La Crosse, WI
Eau Claire, WI
Madison, WI
Milwaukee, WI
Racine, WI
Sheboygan, WI
Waukesha, WI
Wausau, WI
Rhinelander, WI
Wyoming
Casper, WY
Cheyenne, WY
Riverton, WY

Abilene
Akron
Alameda
Albany
Albany
Albany
Albuquerque
Alexandria
Alexandria
Alhambra
Aliso Viejo
Allen
Allentown
Alpharetta
Altamonte Springs
Altoona
Amarillo
Ames
Anaheim
Anchorage
Anderson
Ankeny
Ann Arbor
Annapolis
Antioch
Apache Junction
Apex
Apopka
Apple Valley
Apple Valley
Appleton
Arcadia
Arlington
Arlington Heights
Arvada
Asheville
Athens-Clarke County
Atlanta
Atlantic City
Attleboro
Auburn
Auburn
Augusta-Richmond County
Aurora
Aurora
Austin
Avondale
Azusa
Bakersfield
Baldwin Park
Baltimore
Barnstable Town
Bartlett
Bartlett
Baton Rouge
Battle Creek
Bayonne
Baytown
Beaumont
Beaumont
Beavercreek
Beaverton
Bedford
Bell Gardens
Belleville
Bellevue
Bellevue
Bellflower
Bellingham
Bend
Bentonville
Berkeley
Berwyn
Bethlehem
Beverly
Billings
Biloxi
Binghamton
Birmingham
Bismarck
Blacksburg
Blaine
Bloomington
Bloomington
Bloomington
Blue Springs
Boca Raton
Boise City
Bolingbrook
Bonita Springs
Bossier City
Boston
Bothell
Boulder
Bountiful
Bowie
Bowling Green
Boynton Beach
Bozeman
Bradenton
Brea
Bremerton
Brentwood
Brentwood
Bridgeport
Bristol
Brockton
Broken Arrow
Brookfield
Brookhaven
Brooklyn Park
Broomfield
Brownsville
Bryan
Buckeye
Buena Park
Buffalo
Buffalo Grove
Bullhead City
Burbank
Burien
Burleson
Burlington
Burlington
Burnsville
Caldwell
Calexico
Camarillo
Cambridge
Camden
Campbell
Canton
Cape Coral
Cape Girardeau
Carlsbad
Carmel
Carol Stream
Carpentersville
Carrollton
Carson
Carson City
Cary
Casa Grande
Casper
Castle Rock
Cathedral City
Cedar Falls
Cedar Hill
Cedar Park
Cedar Rapids
Centennial
Ceres
Cerritos
Champaign
Chandler
Chapel Hill
Charleston
Charleston
Charlotte
Charlottesville
Chattanooga
Chelsea
Chesapeake
Chesterfield
Cheyenne
Chicago
Chico
Chicopee
Chino
Chino Hills
Chula Vista
Cicero
Cincinnati
Citrus Heights
Clarksville
Clearwater
Cleveland
Cleveland
Cleveland Heights
Clifton
Clovis
Clovis
Coachella
Coconut Creek
Coeur d’Alene
College Station
Collierville
Colorado Springs
Colton
Columbia
Columbia
Columbus
Columbus
Columbus
Commerce City
Compton
Concord
Concord
Concord
Conroe
Conway
Coon Rapids
Coppell
Coral Gables
Coral Springs
Corona
Corpus Christi
Corvallis
Costa Mesa
Council Bluffs
Covina
Covington
Cranston
Crystal Lake
Culver City
Cupertino
Cutler Bay
Cuyahoga Falls
Cypress
Dallas
Daly City
Danbury
Danville
Danville
Davenport
Davie
Davis
Dayton
Daytona Beach
Dearborn
Dearborn Heights
Decatur
Decatur
Deerfield Beach
DeKalb
Delano
Delaware
Delray Beach
Deltona
Denton
Denver
Des Moines
Des Plaines
DeSoto
Detroit
Diamond Bar
Doral
Dothan
Downers Grove
Downey
Draper
Dublin
Dublin
Dubuque
Duluth
Duncanville
Dunwoody
Durham
Eagan
East Lansing
East Orange
East Providence
Eastvale
Eau Claire
Eden Prairie
Edina
Edinburg
Edmond
Edmonds
El Cajon
El Centro
El Monte
El Paso
Elgin
Elizabeth
Elk Grove
Elkhart
Elmhurst
Elyria
Encinitas
Enid
Erie
Escondido
Euclid
Eugene
Euless
Evanston
Evansville
Everett
Everett
Fairfield
Fairfield
Fall River
Fargo
Farmington
Farmington Hills
Fayetteville
Fayetteville
Federal Way
Findlay
Fishers
Fitchburg
Flagstaff
Flint
Florence
Florence
Florissant
Flower Mound
Folsom
Fond du Lac
Fontana
Fort Collins
Fort Lauderdale
Fort Myers
Fort Pierce
Fort Smith
Fort Wayne
Fort Worth
Fountain Valley
Franklin
Frederick
Freeport
Fremont
Fresno
Friendswood
Frisco
Fullerton
Gainesville
Gainesville
Gaithersburg
Galveston
Garden Grove
Gardena
Garland
Gary
Gastonia
Georgetown
Germantown
Gilbert
Gilroy
Glendale
Glendale
Glendora
Glenview
Goodyear
Goose Creek
Grand Forks
Grand Island
Grand Junction
Grand Prairie
Grand Rapids
Grapevine
Great Falls
Greeley
Green Bay
Greenacres
Greensboro
Greenville
Greenville
Greenwood
Gresham
Grove City
Gulfport
Hackensack
Hagerstown
Hallandale Beach
Haltom City
Hamilton
Hammond
Hampton
Hanford
Hanover Park
Harlingen
Harrisburg
Harrisonburg
Hartford
Hattiesburg
Haverhill
Hawthorne
Hayward
Hemet
Hempstead
Henderson
Hendersonville
Hesperia
Hialeah
Hickory
High Point
Highland
Hillsboro
Hilton Head Island
Hobbs
Hoboken
Hoffman Estates
Hollywood
Holyoke
Homestead
Honolulu
Hoover
Houston
Huber Heights
Huntersville
Huntington
Huntington Beach
Huntington Park
Huntsville
Huntsville
Hurst
Hutchinson
Idaho Falls
Independence
Indianapolis
Indio
Inglewood
Iowa City
Irvine
Irving
Jackson
Jackson
Jacksonville
Jacksonville
Janesville
Jefferson City
Jeffersonville
Jersey City
Johns Creek
Johnson City
Joliet
Jonesboro
Joplin
Jupiter
Jurupa Valley
Kalamazoo
Kannapolis
Kansas City
Kansas City
Kearny
Keizer
Keller
Kenner
Kennewick
Kenosha
Kent
Kentwood
Kettering
Killeen
Kingsport
Kirkland
Kissimmee
Knoxville
Kokomo
La Crosse
La Habra
La Mesa
La Mirada
La Puente
La Quinta
Lacey
Lafayette
Lafayette
Laguna Niguel
Lake Charles
Lake Elsinore
Lake Forest
Lake Havasu City
Lake Oswego
Lakeland
Lakeville
Lakewood
Lakewood
Lakewood
Lakewood
Lancaster
Lancaster
Lancaster
Lancaster
Lansing
Laredo
Largo
Las Cruces
Las Vegas
Lauderhill
Lawrence
Lawrence
Lawrence
Lawton
Layton
League City
Leander
Lee’s Summit
Leesburg
Lehi
Lenexa
Leominster
Lewisville
Lexington-Fayette
Lima
Lincoln
Lincoln
Linden
Little Elm
Little Rock
Littleton
Livermore
Livonia
Lodi
Logan
Lombard
Lompoc
Long Beach
Longmont
Longview
Lorain
Los Angeles
Louisville/Jefferson County
Loveland
Lowell
Lubbock
Lynchburg
Lynn
Lynwood
Macon-Bibb County
Madera
Madison
Madison
Malden
Manassas
Manchester
Manhattan
Mankato
Mansfield
Mansfield
Manteca
Maple Grove
Maplewood
Marana
Margate
Maricopa
Marietta
Marlborough
Martinez
Marysville
McAllen
McKinney
Medford
Medford
Melbourne
Memphis
Menifee
Mentor
Merced
Meriden
Meridian
Meridian
Mesa
Mesquite
Methuen
Miami
Miami Beach
Miami Gardens
Middletown
Middletown
Midland
Midland
Midwest City
Milford
Milpitas
Milwaukee
Minneapolis
Minnetonka
Minot
Miramar
Mishawaka
Mission
Mission Viejo
Missoula
Missouri City
Mobile
Modesto
Moline
Monroe
Montclair
Montebello
Monterey Park
Montgomery
Moore
Moorhead
Moreno Valley
Morgan Hill
Mount Pleasant
Mount Prospect
Mount Vernon
Mountain View
Muncie
Murfreesboro
Murray
Murrieta
Muskegon
Muskogee
Nampa
Napa
Naperville
Nashua
Nashville-Davidson
National City
New Bedford
New Berlin
New Braunfels
New Britain
New Brunswick
New Haven
New Orleans
New Rochelle
Newark
Newark
Newark
Newport Beach
Newport News
Newton
Niagara Falls
Noblesville
Norfolk
Normal
Norman
North Charleston
North Las Vegas
North Lauderdale
North Little Rock
North Miami
North Miami Beach
North Port
North Richland Hills
Northglenn
Norwalk
Norwalk
Norwich
Novato
Novi
O’Fallon
Oak Lawn
Oak Park
Oakland
Oakland Park
Oakley
Ocala
Oceanside
Ocoee
Odessa
Ogden
Oklahoma City
Olathe
Olympia
Omaha
Ontario
Orange
Orem
Orland Park
Orlando
Ormond Beach
Oro Valley
Oshkosh
Overland Park
Oviedo
Owensboro
Oxnard
Pacifica
Palatine
Palm Bay
Palm Beach Gardens
Palm Coast
Palm Desert
Palm Springs
Palmdale
Palo Alto
Panama City
Paramount
Parker
Parma
Pasadena
Pasadena
Pasco
Passaic
Paterson
Pawtucket
Peabody
Peachtree Corners
Pearland
Pembroke Pines
Pensacola
Peoria
Peoria
Perris
Perth Amboy
Petaluma
Pflugerville
Pharr
Philadelphia
Phoenix
Pico Rivera
Pine Bluff
Pinellas Park
Pittsburg
Pittsburgh
Pittsfield
Placentia
Plainfield
Plainfield
Plano
Plantation
Pleasant Grove
Pleasanton
Plymouth
Pocatello
Pomona
Pompano Beach
Pontiac
Port Arthur
Port Orange
Port St. Lucie
Portage
Porterville
Portland
Portland
Portsmouth
Poway
Prescott
Prescott Valley
Providence
Provo
Pueblo
Puyallup
Quincy
Quincy
Racine
Raleigh
Rancho Cordova
Rancho Cucamonga
Rancho Palos Verdes
Rancho Santa Margarita
Rapid City
Reading
Redding
Redlands
Redmond
Redondo Beach
Redwood City
Reno
Renton
Revere
Rialto
Richardson
Richland
Richmond
Richmond
Rio Rancho
Riverside
Riverton
Roanoke
Rochester
Rochester
Rochester Hills
Rock Hill
Rock Island
Rockford
Rocklin
Rockville
Rockwall
Rocky Mount
Rogers
Rohnert Park
Romeoville
Rosemead
Roseville
Roseville
Roswell
Roswell
Round Rock
Rowlett
Roy
Royal Oak
Sacramento
Saginaw
Salem
Salem
Salina
Salinas
Salt Lake City
Sammamish
San Angelo
San Antonio
San Bernardino
San Bruno
San Buenaventura (Ventura)
San Clemente
San Diego
San Francisco
San Gabriel
San Jacinto
San Jose
San Leandro
San Luis Obispo
San Marcos
San Marcos
San Mateo
San Rafael
San Ramon
Sandy
Sandy Springs
Sanford
Santa Ana
Santa Barbara
Santa Clara
Santa Clarita
Santa Cruz
Santa Fe
Santa Maria
Santa Monica
Santa Rosa
Santee
Sarasota
Savannah
Sayreville
Schaumburg
Schenectady
Schertz
Scottsdale
Scranton
Seattle
Shakopee
Shawnee
Sheboygan
Shelton
Sherman
Shoreline
Shreveport
Sierra Vista
Simi Valley
Sioux City
Sioux Falls
Skokie
Smyrna
Smyrna
Somerville
South Bend
South Gate
South Jordan
South San Francisco
Southaven
Southfield
Spanish Fork
Sparks
Spartanburg
Spokane
Spokane Valley
Springdale
Springfield
Springfield
Springfield
Springfield
Springfield
St. Charles
St. Clair Shores
St. Cloud
St. Cloud
St. George
St. Joseph
St. Louis
St. Louis Park
St. Paul
St. Peters
St. Petersburg
Stamford
Stanton
State College
Sterling Heights
Stillwater
Stockton
Streamwood
Strongsville
Suffolk
Sugar Land
Summerville
Sumter
Sunnyvale
Sunrise
Surprise
Syracuse
Tacoma
Tallahassee
Tamarac
Tampa
Taunton
Taylor
Taylorsville
Temecula
Tempe
Temple
Terre Haute
Texas City
The Colony
Thornton
Thousand Oaks
Tigard
Tinley Park
Titusville
Toledo
Topeka
Torrance
Tracy
Trenton
Troy
Troy
Tucson
Tulare
Tulsa
Turlock
Tuscaloosa
Tustin
Twin Falls
Tyler
Union City
Union City
Upland
Urbana
Urbandale
Utica
Vacaville
Valdosta
Vallejo
Valley Stream
Vancouver
Victoria
Victorville
Vineland
Virginia Beach
Visalia
Vista
Waco
Wake Forest
Walnut Creek
Waltham
Warner Robins
Warren
Warren
Warwick
Washington
Waterbury
Waterloo
Watsonville
Waukegan
Waukesha
Wausau
Wauwatosa
Wellington
Weslaco
West Allis
West Covina
West Des Moines
West Haven
West Jordan
West Lafayette
West New York
West Palm Beach
West Sacramento
West Valley City
Westerville
Westfield
Westland
Westminster
Westminster
Weston
Weymouth Town
Wheaton
Wheeling
White Plains
Whittier
Wichita
Wichita Falls
Wilkes-Barre
Wilmington
Wilmington
Wilson
Winston-Salem
Winter Garden
Woburn
Woodbury
Woodland
Woonsocket
Worcester
Wylie
Wyoming
Yakima
Yonkers
Yorba Linda
York
Youngstown
Yuba City
Yucaipa
Yuma

[/x_accordion_item][/x_accordion][/cs_column][/cs_row][/cs_section][/cs_conten

Conduit Loans Highlights
Conduit Loans Requirements

What are Conduit Loans

At Custom Mortgage, all of Conduit Loans services are backed by a team of specialists who have years of experience in the commercial property financing industry.

How to Qualify for a Conduit Loans

To qualify for a Conduit Loansn mortgage, the borrower must meet certain criteria. Firstly, the borrower must already have an existing FHA loan and be current on all mortgage payments. The borrower must also have a minimum of six months’ payment history on the original FHA loan. Secondly, the borrower must demonstrate that the new loan will provide a net tangible benefit, which means that the new loan must result in a reduction of the principal, interest, and mortgage insurance payments by at least 5%. Thirdly, the borrower needs to complete the streamline refinance application and provide all the documentation required by the lender. Finally, the borrower must meet the lender’s credit and income requirements. Overall, qualifying for an FHA streamline mortgage can be a relatively simple process, as long as the borrower meets the above criteria and provides all the required documentation.

Commercial Loans and Property Financing Overview:

If you are looking for expansion of your business, or the cost of renting business premises has become too high, you should consider applying for commercial loans.

Ultimately, the choice of fixed or variable rates will depend on the free cash flow your business generates once you have paid all of your expenses, including any previous commercial loan payments.

If the real estate increases in value, your capital will be increased and commercial mortgage interest will be tax deductible. Borrowers can borrower the down payment for a commercial property from investors who base the financing on the company’s shareholding dividends or income. If your company is not regularly certified by one of the larger CPA companies, you can opt for a loan with a slightly higher interest rate and no income verification.

You are at a disadvantage if you are looking for financing small businesses for a retail, service or hospitality company, especially if you are looking for funding to start up a business. If you do not have a credit history or collateral due to divorce or are a new immigrant or because you are young, or because you have poor creditworthiness, Custom Mortgage hard money programs and sub prime Commercial property mortgages are available.

Despite the guarantees provided, most programs will also require a General Security Agreement (GSA) on ownership and all corporate assets. If you want a commercial real estate mortgage but have not been in business for long, niche programs we offer can be your best bet, because these programs are often available for shorter trading periods and have lower Debt Service requirements (1 DSCR).

Custom Mortgage will look more closely at your previous experience in investing in commercial real estate, when underwriting your commercial property financing application. Our hard money-based commercial property financing options are considered short-term loans that are used for the purchase and sometimes renovation of a commercial real estate used by the owner for refinancing to a long-term mortgage. 

During our underwriting process for commercial property financing, Custom Mortgage requires you to submit regular financial reports in good time. After sending us all the documents and understanding what you want, we will search for the best program that you may qualify for with your credit on commercial real estate with favorable terms at competitive interest rates.

In most cases, even if you provide a brief summary, you must have a complete business plan in place as soon as we request it. If you are thinking of refinancing commercial credit, you can simply take care of lowering your interest rates.

Have you been looking for financing opportunities for your new business plans, are you looking for a loan to expand your existing business, are you in a precarious situation with unpaid invoices and are you not sure where or where to turn?

While qualifying for financing is usually easier for big, well-established businesses, some smaller businesses may be eligible for commercial financing from the Small Business Administration (SBA). The SBA may provide either financing or insure a lender who takes a risk on a business to supply fund. Businesses can seek the assistance of Custom Mortgage in structuring and sourcing of commercial fund. We provide the following types of loans.

Conduit Loans Loan Territories

StateCityCounty
ALBirminghamJefferson
ALHuntsvilleMadison
ALMobileMobile
ALMontgomeryMontgomery
ALTuscaloosaTuscaloosa
AKAnchorageAnchorage Borough
AKFairbanksFairbanks North Star
AZChandlerMaricopa
AZGilbertMaricopa
AZGlendaleMaricopa
AZMesaMaricopa
AZPeoriaMaricopa
AZPhoenixMaricopa
AZScottsdaleMaricopa
AZSurpriseMaricopa
AZTempeMaricopa
AZTucsonPima
AZYumaYuma
ARFort SmithSebastian
ARLittle RockPulaski
CAAgoura HillsLos Angeles
CAAnaheimOrange County
CAAntiochContra Costa
CABakersfieldKern
CABerkeleyAlameda County
CABeverly HillsLos Angeles
CABurbankLos Angeles
CACalabasasLos Angeles
CACarlsbadSan Diego
CACarsonLos Angeles
CAChicoButte
CAChula VistaSan Diego
CAClovisFresno
CAComptonLos Angeles
CAConcordContra Costa
CACoronaRiverside
CACoronadoSan Diego
CACosta MesaOrange County
CADaly CitySan Mateo
CADowneyLos Angeles
CAEl CajonSan Diego
CAEl MonteLos Angeles
CAElk GroveSacramento
CAEscondidoSan Diego
CAFairfieldSolano
CAFontanaSan Bernardino
CAFremontAlameda
CAFresnoFresno
CAFullertonOrange
CAGarden GroveOrange
CAGlendaleLos Angeles
CAHaywardAlameda
CAHuntington BeachOrange
CAInglewoodLos Angeles
CAIrvineOrange
CALagunaOrange
CALancasterLos Angeles
CALong BeachLos Angeles
CALos AngelesLos Angeles
CAMalibuLos Angeles
CAMarina Del ReyLos Angeles
CAMillbraeSan Mateo
CAMission ViejoOrange
CAModestoStranislaus
CAMoreno ValleyRiverside
CAMurrietaRiverside
CANewportOrange
CANorwalkLos Angeles
CAOaklandAlameda
CAOceansideSan Diego
CAOntarioSan Bernardino
CAOrangeOrange
CAOxnardVentura
CAPalmdaleLos Angeles
CAPasadenaLos Angeles
CAPomonaLos Angeles
CARancho CucamongaSan Bernardino
CARancho Palos VerdesLos Angeles
CARialtoSan Bernardino
CARichmondContra Costa
CARiversideRiverside
CARolling Hills EstatesLos Angeles
CARosevillePlacer
CASacramentoSacramento
CASalinasMonterey
CASan BernardinoSan Bernardino
CASan DiegoSan Diego
CASan FranciscoSan Francisco
CASan JoseSanta Clara
CASan MateoSan Mateo
CASanta AnaOrange
CASanta BarbaraSanta Barbara
CASanta ClaraSanta Clara
CASanta ClaritaLos Angeles
CASanta CruzSanta Cruz
CASanta MariaSanta Barbara
CASan MarinoLos Angeles
CASanta MonicaLos Angeles
CASanta RosaSonoma
CASausalitoMarin
CASimi ValleyVentura
CASolana BeachSolano
CASouth GateLos Angeles
CAStocktonSan Joaquin
CASunnyvaleSanta Clara
CATemeculaRiverside
CAThousand OaksVentura
CATorranceLos Angeles
CAVacavilleSolano
CAVallejoSolano
CAVenturaVentura
CAVictorvilleSan Bernardino
CAVisaliaTulare County
CAVistaSan Diego
CAWest CovinaLos Angeles
CAWestlake VillageLos Angeles
CAWestminsterOrange
COArvadaJefferson
COAuroraDouglas
COBoulderBoulder
COCentennialArapahoe
COColorado SpringsEl Paso
CODenverArapahoe
COFort CollinsLarimer
COGreeleyWeld
COLakewoodJefferson
COLongmontBoulder
COPuebloPueblo
COThorntonAdams
COWestminsterAdams
CTBridgeportFairfield
CTHartfordHartford
CTNew HavenNew Haven
CTStamfordFairfield
CTWaterburyNew Haven
DEDewey BeachSussex
DEDoverKent
DENewarkNew Castle
DEMiddletonNew Castle
DENorth StarNew Castle
DERehoboth BeachSussex
DEWilmingtonNew Castle
FLBoca RatonPalm Beach
FLCape CoralLee
FLClearwaterPinellas
FLCoral SpringsBroward
FLDavieBroward
FLFort LauderdaleBroward
FLGainesvilleAlachua
FLHialeahMiami-Dade
FLHollywoodBroward
FLJacksonvilleDuval
FLLakelandPolk
FLMiami BeachMiami-Dade
FLMiami GardensMiami-Dade
FLMiamiMiami-Dade
FLMiramarBroward
FLOcalaMarion
FLOrlandoOrange
FLPalm BayBrevard
FLPalm BeachPalm Beach
FLPembroke PinesBroward
FLPincrestMiami-Dade
FLPlantationBroward
FLPompano BeachBroward
FLPort Saint LucieSaint Lucie
FLSaint PetersburgPinellas
FLSunriseBroward
FLTallahasseeLeon
FLTampaHillsborough
FLWest Palm BeachPalm Beach
GAAthens-ClarkeClarke
GAAtlantaFulton
GAAugustaAugusta-Richmond
GAColumbusMuscogee
GARoswellFulton
GASandy SpringsFulton
GASavannahChatham
HIHonoluluHonolulu
IDBoiseAda
ILAuroraKane
ILChicagoCook
ILElginKane
ILJolietKendall
ILNapervilleDuPage
ILPeoriaPeoria
ILRockfordWinnebago
ILSpringfieldSangamon
ILWaukeganLake
INFort WayneAllen
INIndianapolisMarion
IACedar RapidsLinn
IADavenportPolk
IADes MoinesPolk
KSOverland ParkJohnson
KSWichitaSedgwick
KYLexingtonFayette
KYLouisvilleJefferson
LABaton RougeMarshall
LANew OrleansOrleans Parish
LAShreveportCaddo Parish
MEPortlandCumberland
MDBaltimoreBaltimore
MABostonSuffolk
MABrocktonPlymouth
MACambridgeMiddlesex
MAFall RiverBristol
MALowellMiddlesex
MALynnEssex
MANew BedfordBristol
MAQuincyNorfolk
MASpringfieldHampton
MAWorcesterWorcester
MIAnn ArborWashtenaw
MIDearbornWayne
MIDetroitWayne
MIFlintGenesee
MIGrand RapidsKent
MILansingIngham
MILivoniaWayne
MISterling HeightsMacomb
MIWarrenMacomb
MNMinneapolisHennepin
MNSaint PaulRamsey
MSJacksonHinds
MOKansas CityWyandotte
MOSpringfieldGreene
MOSaint LouisSaint Louis
MTBozemanGallatin
NELincolnLancaster
NEOmahaDouglas
NVHendersonClark
NVLas VegasClark
NVNorth Las VegasClark
NVRenoWashoe
NHManchesterHillsborough
NJElizabethUnion
NJJersey CityHudson
NJNewarkEssex
NJPatersonPassaic
NMAlbuquerqueBernalillo
NYAlbanyAlbany
NYBuffaloErie
NYNew YorkNew York
NYRochesterMonroe
NYYonkersWestchester
NCCaryChatham
NCCharlotteMecklenburg
NCDurhamDurham
NCFayettevilleCumberland
NCGreensboroGuilford
NCHigh PointGuilford
NCRaleighWake
NCWilmingtonNew Hanover
NCWinston-SalemForsyth
NDWillistonWilliams
OHAkronSummit
OHCincinnatiHamilton
OHClevelandCuyahoga
OHColumbusFranklin
OHDaytonMontgomery
OHToledoLucas
OKBroken ArrowTulsa
OKNormanCleveland
OKOklahoma CityOklamhoma
OKTulsaTulsa
ORBeavertonWashington
OREugeneLane
ORGreshamMultnomah
ORHillsboroWashington
ORPortlandMultnomah
ORSalemMarion
PAAllentownLehigh
PAErieErie
PAPhiladelphiaCentre
PAPittsburghAllenheny
RIProvidenceProvidence
SCCharlestonCharleston
SCNorth CharlestonBerkleley
SDSioux FallsMinnehaha
TNKnoxvilleKnox
TNMemphisShelby
TNMurfreesboroRutherford
TNNashvilleDavidson
TXAllenCollin
TXAmarilloPotter
TXArlingtonTarrant
TXAustinTravis
TXCarrolltonDallas
TXCorpus ChristiNueces
TXDallasDallas
TXDentonDenton
TXEl PasoEl Paso
TXFort WorthTarrant
TXFriscoCollin
TXGarlandDallas
TXGrand PrairieDallas
TXHoustonHarris
TXIrvingDallas
TXLaredoWebb
TXMcKinneyCollin
TXMesquiteDallas
TXPlanoCollin
TXRichardsonDallas
TXSan AntonioBexar
UTSalt Lake CitySalt Lake
VTBurlingtonAlamance
VAAlexandriaFairfax
VAChesapeakeChesapeake
VAHamptonElizabeth City
VANewport NewsWarwick
VANorfolkNorfolk
VAPortsmouthPortsmouth
VARichmondChesterfield
VARoanokeRoanoke
VAVirginia BeachVirgina Beach
WABellevueKing
WAEverettSnohomish
WAFederal WayKing
WAKentKing
WARentonKing
WASeattleKing
WASpokane ValleySpokane
WASpokaneSpokane
WATacomaPierce
WAVancouverClark
WAWashington, D.C.Washington
WAYakimaFerguson
WVCharlestonKanawha
WIGreen BayBrown
WIKenoshaKenosha
WIMadisonDane
WIMilwaukeeMilwaukee
WYGilletteCampbell