Retail Loans

The retail industry is highly competitive and intense. The good news is that most banks and lenders like to make loans for retail property. The better news is that Mission Oaks National Bank can do it better and faster than other lenders. Our dedication to professionalism, speed, and competitive rates will set us apart from the pack.

We can offer retail loans for the following purposes: Purchase, Refinance, Cash-out, Renovation, and New Construction with loan amounts from $250,000 to $15,000,000.

We have SBA and Conventional Retail Loan Programs available.

Here is our general criteria for retail loans:

Other Property Types:

Office

Warehouse

Automotive

Retail

Restaurant

Assisted Living

Day Care

Fast Facts for Brokers:

Minimum Loan Amount:
$250,000

Maximum Loan Amount:
$15,000,000

Recommended Minimum Credit Score:
600

Property Types:
Commercial R.E. & Multi-Family

Loan Programs:
Conventional and SBA

Minimum DSCR:
1.20

Documentation Type:
Full-Doc

Lender Type:
Bank / Direct

Recourse Type:
Full and Non-Recourse Available

Retail Loans	Max LTV:	Min. Bwr. Equity:	Min. Bwr. Credit:	Min. DSCR:	Max Loan Amount:	Minimum Loan Amount:
SBA Purchase:	90%	10%	600	1.20x	$15,000,000	$425,000
Conventional Purchase:	80%	10%	600	1.20x	$15,000,000	$250,000
SBA Construction:	80%	10%	600	1.20x	$4,000,000	$425,000
Conventional Construction:	80%	10%	600	1.20x	$4,000,000	$250,000
Conventional Refi:	80%	10%	600	1.20x	$15,000,000	$250,000
Investor Purchase/Refi:	80%	10%	600	1.20x	$15,000,000	$250,000

We have a common sense, yet creative approach to underwriting retail loans. We know that net loss does not always mean negative cash flow. Many borrowers and brokers mistakenly assume that they cannot qualify for a full documentation retail loan and in so doing, they pass up on an opportunity for a better rate and term. If you're not sure if the rental or business income will qualify as a full documentation loan, submit a loan package and let one of our Business Development Officers tell you if your scenario has enough cash flow.

Mission Oaks National Bank has an "outside the box" approach to commercial financing. If there is any way to make your commercial loan work, we're going to work hard to find the way. We won't quit at the first sign of difficulty nor will we back down from a challenge. Our job is closing commercial loans; and that's what we're going to do for you.

Submit your retail loan online for a quick response!

No Broker package Required! We accept open submissions!

Please feel free to check out our frequently asked questions, give us a call at 1-800-825-0522 or email us at loans@missionoaksfunding.com if you have any questions.

Mission Oaks National Bank is federally chartered bank and a preferred lender for the Small Business Administration (SBA). We are also FDIC insured.

Get a quote on your Retail Loan today!

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