Commercial mortgage lender Silver Hill Funding has officially launched a new division for customizable online loans.
Commercial Direct is an alternative lending model aimed to give investors and businesses the ability to be in control of building their own commercial mortgage loan.
“We created Commercial Direct because in today’s competitive, digital-first world, small-business owners and investors are hardwired for high speeds and need fast, flexible loan solutions to move their businesses forward,” said Leslie Smith, Managing Director for Commercial Direct and Silver Hill.
Loans of between $250,000 and $5 million with an 80% LTV can be arranged online with the service backed by Silver Hill’s experienced management team.
Loans are available for commercial, residential condo, single-family and two- to four-unit plex residential properties.
The service aims to provide pre-approval in minutes with the loan closed within 30 days or less, assisted by dedicated loan specialists who will oversee the entire process.
“We enable first-time and experienced borrowers alike to make quick, informed decisions and to close their loans in a matter of weeks as opposed to months of processing often experienced with traditional bank mortgages,” added Smith.
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