Loan Programs | Westport Commercial
top of page
Loan Keyboard strip.jpg

LOAN PROGRAMS

Gradient_Strip resize.jpg
linkedin-4-xl.png
Money Dollar Bills Background resize.jpg

Westport Commercial works with 100+ lenders and has preferred relationships with 30 financial institutions so we can offer the best rates and terms to our borrowers. 

​

We offer a variety of financing options to suit every type of borrower, from small business owners looking to grow their business by investing in real estate to contractors hoping to expand their business by acquiring properties fix & flip. 

​

By working with us, you can be confident that you're getting our best effort, which means you're receiving the best client service and the best financing available.

CONVENTIONAL

CONVENTIONAL

Long-term debt financing for all commercial property.  New and experienced borrowers with strong credit or income. 

Apartment Building- White.png

BRIDGE

BRIDGE

Short-term loans

for all commercial property when permanent financing

isn't an option. Also known as "hard money".

Moneybag- White.png

CONSTRUCTION

CONSTRUCTION

Short-term loans to

build all commercial

property types.

For experienced 

developers and

small business owners.

Bulldozer- White.png

EQUITY

EQUITY

Cash investment used for acquisition or redevelopment of commercial properties. Structured through joint venture partnerships.

Handshake- White.png

FIX & FLIP

FIX & FLIP

Short-term financing for contractors and investors who want to rehab residential properties with one to four units. For new and experienced borrowers.

Hammer-White.png

MEZZANINE

MEZZANINE

High-interest, short-term loans for commercial properties. Derived from "mezzanine level" or second floor, it fits between first mortgage and equity. 

Hand with Cash- White.png
woman window resize.jpg

Should You

Refinance Your Property?

10 MUST-KNOW FINANCE TERMS

1.

Amortization

The process of paying the principal and interest on a loan through regularly scheduled installments.

2.

Balloon payment

A loan that involves small payments for a certain period of time and one large payment for the remaining principal balance, due at a time specified in the contract.

3.

Basis points (bps)

1/100th of 1% (0.01%), typically stated as a number of basis points over an index rate.

4.

Loan-to-value (LTV)

The ratio between the loan amount and the value of the property. The ratio is commonly expressed to a potential borrower as the percentage of value a lender is willing to finance.

5.

Lock-out period

A period of time after loan closing during which a borrower cannot prepay the loan.

6.

Non-conforming loan

A mortgage loan that does not conform to regulatory limits such as loan amount, loan-to-value ratio, and other characteristics.

7.

Recourse

A loan for which the borrower is personally liable for payment if the borrower defaults.

​

​

8.

PITI

Principal, interest, taxes and insurance, the four components of a mortgage payment.

9.

Prepayment penalty

A penalty sometimes charged to a borrower who makes a prepayment. 

10.

Replacement reserves

Monthly deposits that a lender may require a borrower to place in an account for future capital improvements of major building systems; i.e., HVAC, parking lot, carpets, roof, etc.

bottom of page