Commercial loans are used in connection with any property types consisting of full commercial space, mixed use (a combination of commercial and residential space), or multi-family residential units at or above 5 individual residential units.
These types of loans are qualified/assessed completely different than any and all residential loans (1-4 family, condos and coops), and largely based upon the income and expenses of the property itself.
Our Customers Say . . .
Coming out of a terrible experience working with a well-known bank trying to secure the mortgage of a house where we lost thousands of dollars due to the inexperience of their mortgage broker, we thought, we would never own a home. We are not the typical loan prospects, with one of us being self-employed there was always something new.
Amid our despair, we learned of John Licciardello from Metropolitan financial group, through a mutual friend. His experience and knowledge, together with his brother Greg, were immediately perceived. You could tell they’ve seen it all before. It was a delight working with them and their team. They are true professionals.
They guided us through all the steps, from getting us a preapproval letter in a matter of minutes to securing us a loan with a great interest-rate and coordinating with both the real estate broker and attorneys. Suddenly, the terrible experience we were coming from turned into a well-managed and perfectly executed undertaking.
We are now sitting in our beautiful new home writing this letter. We couldn’t be more grateful; they really changed our lives. Thank you!
Jean and Walter Ochoa