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Commercial Lending Division

Automotive Real Estate Loans

Automotive property includes most automotive related property types, including: auto repair, paint and body shop, tire store, full-service carwash, car and truck dealership, auto service center, car condo and oil or lube facilities. The automotive industry is one of the largest industries in the United States. Americans depend on their cars and those cars depend on the small business owners of the automotive industry to keep them running. Mission Oaks National Bank is the bank that small business owners in the automotive industry can turn to help keep them running.

We're here to help small business owners in all of their commercial real estate financing needs. We can finance automotive real estate loans for the following purposes: Purchase, Refinance, Construction and Cash-out.

We have SBA and Conventional Automotive Real Estate Loan programs available.

Here is our general criteria for automotive loans:

 

     

Other Property Types:

Office

Warehouse

Automotive

Retail

Restaurant

Assisted Living

Day Care

Commercial Real Estate Lender, Mission Oaks National Bank

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

Automotive R.E. Loans Max LTV: Min. Bwr. Equity: Min. Bwr. Credit: Min. DSCR: Max Loan Amount: Minimum Loan Amount:
SBA Purchase: 85% 15% 600 1.20x $15,000,000 $425,000
Conventional Purchase: 70% 15% 600 1.20x $15,000,000 $250,000
SBA Construction: 80% 15% 600 1.20x $4,000,000 $425,000
Conventional Construction: 70% 15% 600 1.20x $4,000,000 $250,000
Conventional Refi: 70% 15% 600 1.20x $15,000,000 $250,000
Investor Purchase/Refi: 70% 15% 600 1.20x $15,000,000 $250,000
   

 

Strong management or ownership experience in an automotive-related business is highly recommended.

For a quick response, submit your automotive real estate loan online. You can also call or email us today to discuss your automotive real estate loan. As always, there is no need to be an approved broker to work with Mission Oaks National Bank; we have a open submission policy. You won't have to waste time filling out lengthy broker packages just to find out if MONB is the proper home for your loan.

1-800-825-0522

Mission Oaks National Bank is federally chartered bank and a preferred lender for the Small Business Administration (SBA). We are also a member of the Federal Deposit Insurance Corporation (FDIC).

If you have any questions feel free to give us a call or you can check out our frequently asked questions page to see if your questions might have already been answered.

     

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