What does a commercial mortgage broker do?
A commercial mortgage broker arranges the loan; a lender funds it. Paramount Loan Services is a broker. We take one application, package your file, and place it with the commercial lender whose program fits your property and your situation. You compare options through one point of contact instead of applying bank by bank.
Which properties qualify for a commercial loan?
Commercial loans cover property used for business or held for investment: office buildings, retail and storefront space, industrial and warehouse buildings, apartment buildings of five or more units, mixed-use buildings, and special-purpose property such as restaurants. Residential property of one to four units uses a residential mortgage instead — for an investment house or small rental, start at our home loan programs.
Does my business income have to look perfect on paper?
No single answer fits every file, and that is the point of a broker. Commercial lenders weigh the property's income and the borrower's overall picture differently from one another. Self-employed borrowers and business owners with complex returns are our daily work — see our plain-English guide to non-QM lending for how alternative documentation works. Every application is underwritten on its own facts by the lender.
What about equipment, construction, or renovation?
We arrange those too. Financing the machines and fixtures inside the building is equipment financing. Building from the ground up or renovating is a construction loan. Renovating an investment property to sell or rent is a rehab or fix-and-flip loan. One conversation covers all of it — call (818) 500-4009 and describe the project.
How do I start?
Call (818) 500-4009, 9:00 AM to 5:00 PM, Monday through Friday, or send us a message with the property address and what you want to do. Tom Tumyan has spent 25+ years in commercial and residential real estate lending — meet Tom or read about Paramount Loan Services.
