Don’t qualify for a Small Business Administration (SBA) or traditional bank loan? Looking to jumpstart a project in a census-designated low-to-moderate income zone? No problem! Our Impower loan can provide a responsible and flexible way to purchase commercial real estate and build long-term equity.
Through our flexible terms and streamlined process we offer both small business owners as well as brokers, agents, and other lenders an excellent opportunity to purchase commercial real estate when other lenders say no.
|Loan Type||Owner Occupied CRE||Owner Occupied CRE|
|$250,001 to $5 Million||$350,000 to $4 Million|
|Rate||10-year CMT + 5%||5-year CMT +|
2.6% (6.6% floor)
(Semi-generic by exception)
|Leasehold Improvements||Up to $500,000||None|
Restricted to Federally designated
New Market Tax Credit Areas
|DSCR||1.0 global||1.0 global|
90% for Semi-generic
and 85% for Special-purpose
|Occupancy||40% by owner||50.01% by owner|
|Credit Score||No minimum score||670 (no exceptions)|
foreclosures,short sales, etc,
over the last 7 years.
|Loan Origination Fee||1-2%||No Loan Origination Fee|
When a large, national bank denied Pablo’s loan request to purchase a new building for his expanding business, he turned to MCM. Using an Impower loan, this Colombian entrepreneur is able to bring solar power and other sustainable energy solutions to even more residents across California.