Specializing in Commercial Loans
At Saber Loans, we have more funding options. While a traditional lender can only fund deals that meet their requirements, Saber Loans works with numerous sources to get your deal funded.
More Options
We explore all options to get your loan approved. Most lenders have limitations and can only fund projects that meet their guidelines. Saber Loans performs a comprehensive analysis on your project and profile to identify the appropriate channel.
Client Committed
Saber Loans is first and foremost committed to the client. Some loan brokers charge outrageous fees to their clients. Our fees are reasonable. Saber Loans is dedicated to building a lasting relationship with clients and wants to put you on the path to long-term success.
Knowledgeable
Navigating through a commercial transaction can be daunting. The paperwork, underwriting and loan review process can be overwhelming for some. At Saber Loans we are here to answer your questions, communicate effectively and lead you through the process.
Rental Property
Are you trying to purchase an income producing asset such as a multifamily, office, retail or industrial property? Call us at 401-400-1508 or click below to complete our "60 Second Quick App."
Rehab / Development
Are you looking to rehab a property or develop a lot of land? We'd love to hear about your project. Please click the "Schedule Now" button below or call us at 401-400-1508 to discuss further.
Loan Pricing
We strive to get our borrowers the best rate. Numerous factors can influence the pricing of the loan. Take a look at the illustration below to see an example of how your loan may be priced.
Low Risk
3-5%
- Class A & B
- High Performing Asset
- Experienced Borrower
- Strong Credit Profile
Medium Risk
5-8%
- Class B & C
- Performing Asset
- Some Experience
- Good Credit Profile
High Risk
8-12%
- Class C & D
- More Risky Asset
- New Borrower
- Fair Credit Profile
What are the minimum requirements for me to qualify?
- You have adequate funds for closing, reserves and to make a down payment of 20%.
- The property has a good occupancy rate.
- The property generates enough revenue to make loan payments and pay operating costs.
What Documents do I need to provide?
- Rent Roll
- Property Income & Expense
- Personal Financial Statements
- Evidence of Funds
What types of properties qualify?
Most non-owner occupied properties including multifamily, office, retail, industrial, hospitality and more.
Can I get a loan with bad credit?
There may be options if you do not have a high credit score. For commercial real estate, the underwriting is largely based on the financial performance and condition of the property. However, having bad credit can be a concern for some lenders. At Saber Loans, we work with individuals who may have blemishes in their credit profile. The rate and terms may not be as competitive, but we will still work to close the deal.