Tel: 800-497-8606


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Office Address
    2930 Banks Street
    New Orleans, LA 70119
    Tel 800-497-8606


 


Sterling Commercial Capital is a nationwide commercial real estate mortgage banker. We offer wholesale first mortgage commercial loans as a direct lender.  We also have the flexibility to tailor the right loan product for the borrower, as a correspondent or agent, through our Investor network.

We offer conventional long term non-recourse financing - for quality borrowers with quality, stabilized, income producing, commercial properties, as well as FHA and Student housing-construction loans, beginning at $3 million.

We offer conventional long term full recourse financing - with a wide range of stabilized, income producing, commercial properties of many types, beginning at $1 million.

We also target hard-to-finance transactions – loans which are unable to be secured from conventional lenders due to problems with the real estate, problems with the borrower or principals of borrower, problems with the transaction itself, or any combination. These include owner-occupied, single tenant as well as most multi tenant commercial properties, multifamily, hotels, self storage and special purpose. Non and full personal recourse. Beginning at $2 million.

We do NOT make the following types of loans:

  • Single family or other residential home, purchase, refi, construction or subdivision loans.
  • Development loans
  • Infrastructure loans
  • Stated and low doc loans

Due to present market volatility, programs change from day to day. Please contact us about your transaction to ensure the program is still available, or if more recent programs or terms apply.

Our strength is in structuring transactions so they qualify not only for our loan programs, but also become eligible for appropriate conventional long term financing at the end of our specially tailored loans.

Documentation: All loans are full documentation - the transaction, the borrowers/principals and the real estate.

No "stated" or "no doc" loans

First step is to email a loan summary with photos.

This Month's Feature:

Short term bridge loans for repositioning:

DPO - Note buy-downs; BK; Debtor-in-Possession; high vacancy; credit repair; REO portfolio purchases; Note portfolio purchases; partnership buy-outs; quick closings; busted/fractured condos; and more.

For loans over $3 million: up to 85% LTC/LTV non-recourse;

For loans over $2 million, up to 65% LTV/LTC full recourse;

12-24-36 month terms; 10% to 15% depending on the deal and LTV, DSC, personal credit, and exit strategy.