Commercial Real Estate Financing Purchase Program

Business Real Estate Financing

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Business Real Estate Financing Program

A uniquely structured, commercial real estate loan program targeted to small commercial real estate transactions

Loan requests from $50,000 to $500,000

LTVs up to 70% Investor, 75% Owner-Occupied

Seller held 2nd up to 80% CLTV allowed

Wide variety of eligible property types; including retail, office, warehouse,

mixed-use, special purpose, 5+ residential real estate

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Why our program is a first choice for your client!

Commercial Letter of Interest

Available prior to contract signing to speed up purchase offer acceptance

Issued on eligible commercial properties only

Many options to fill different customer needs

Fixed and Variable Rate loan terms from 5 - 30 years

Close title as Individuals, LLC, Corporation or Partnership

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A non-refundable $1,000 deposit is due upon acceptance of terms on all

loans and lines of credit. The deposit will be credited at closing. If the deposit exceeds amounts due, the excess will be refunded. Early closure or pre-payment fees may apply. If the state or other taxing authority imposes a tax or fee on the filing of a mortgage or a deed of trust or if the property requires environmental insurance, these fees, if applicable, will be the borrower’s responsibility.

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Why our program is a first choice for your client!

Easy to apply

No Application Fee

Borrower receives multiple pricing options

$1,000 deposit collected only after terms acceptance and is applied toward Wells Fargo closing costs1

Accepted loan terms guaranteed for 60 days

Low cost to close

We only charge a 1.00% Origination Fee to close ($2,500 minimum)1

No Appraisal Fee saves the customer thousands of dollars!

Borrower pays title and state related transfer/mortgage tax

A well-prepared, qualified borrower can close in less than 60 days

1

A non-refundable $1,000 deposit is due upon acceptance of terms on all

loans and lines of credit. The deposit will be credited at closing. If the deposit exceeds amounts due, the excess will be refunded. Early closure or pre-payment fees may apply. If the state or other taxing authority imposes a tax or fee on the filing of a mortgage or a deed of trust or if the property requires environmental insurance, these fees, if applicable, will be the borrower’s responsibility.

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This program is tailored for:

Strong credit profile borrowers with no history of foreclosure or bankruptcy who have managed their personal and business credit well through different economic cycles

Small business owners who have owned and operated their business for at least two years

Investor properties that are at least 80% leased and generating positive cash flow at time of application

First time investors with exceptional credit, stable property cash flow and secondary sources of income are acceptable

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This program is NOT for:

Marginal credit profile borrowers with any history of foreclosure or bankruptcy

Start-up or newly acquired businesses

Investor properties that are more than 20% vacant at time of application

Rehab properties or properties with a lot of deferred maintenance repairs needed

Properties needing a zoning variance

Properties that have potential environmental contamination

Residential 1-4 properties

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What your client needs to be prepared to apply:

Signed Agreement of Sale

Signed purchase contract required before property appraisal can be ordered

If Investor Property:

Completed rent roll, if more than one unit

Property income & expense statement

Signed leases for all existing tenants

Most recent two years federal tax returns - personal and business (if owner occupied) for all borrowers

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Contact your local Wells Fargo Home Mortgage Consultant today to get started with your next prospective buyer!

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2011 Wells Fargo Bank, N.A. Member FDIC. BREF V3.2011