Home > Commercial Lending Programs
Back Bay Capital offers a wide variety of programs to fit the unique needs of our borrowers. We work closely with our borrowers to understand them, their business and their vision for the future. With that information we find them a lender who can give them the best option possible to fit their specific needs.

General Program Outlines

  • Areas We Finance: All states except: Alaska, Alabama, Hawaii, Michigan, Nevada, North Dakota, Vermont, and West Virginia
  • Properties we finance: Multi-Family, Mixed-Use, Retail, Office, Auto Repair, Day Care, Restaurants, Funeral Homes, Beauty Shops, Motels/Hotels, Warehouse, Mobile Home Parks, Campgrounds, Churches, Self-Storage, Dry Cleaner (drop off only), Recreational properties, etc.
  • LTV: 60-90% LTV. Ranges depending project scenario and lender we choose
  • Credit Score: 600 Minimum FICO Scores. Any scores below 600 require a reason to request an exception.
  • Rates: Rates ranging between 6.5% to 12%.
  • Prepay: Declining 5%-4%-3%-2%- to 1%

All our programs

  • Small Balance- $100k- $1m+ to 70% LTV, fully amortizing, rates starting at 6.5%, Purchase, Refinance, Cash Out
  • Small Balance Multifamily- $1m – $7.5m, 5-, 7-, and 10-year fixed rate and hybrid ARM’s, Acquisition or refinance, 30 yr amortization, partial and full term interest only, Cash out, Declining Prepayment options
  • Small Balance .2- $1m – $6m to 80% LTV, Minimum FICO of 650, Minimum 90% occupancy of units for 90 days prior to underwriting, 75 units or less, Acquisition or Refinance, Cash-Out available, partial
    interest only, full-term interest-only may be available, up to 30 yr amortization, declining schedules and yield maintenance available
  • Investor 1-4- Multifamily < 5 Units- Non-Owner Occupied SFR, Condo, 2-4 Unit, $75k – $5m to 75% LTV, min FICO score 650, 30 yr fully amortizing, Purchase, Rate-Term Refinance, Cash-Out Refinance
  • Traditional 1- Multifamily > 5 Units & Mixed-Use- $100k – $5m to 75% LTV, min FICO score 650, 30 yr amortization, Purchase, Rate-Term Refinance, Cash-Out Refinance
  • Traditional 2- Office, Retail, Warehouse, Self-Storage, Auto Service- $100k – $5m to 70% LTV, min FICO score 650, 30 yr fully amortizing, Purchase, Rate-Term, Refinance, Cash-Out Refinance
  • Program 5H- Apartments 5-units & up, $1m – $15m to 80/75% LTV, rates starting at 4.4%, min FICO score 680, 5 Year Fixed/ARM, mixed use cannot exceed 25% commercial, 60 Day Rate Locks available
  • Program 7H- Apartments 5-units & up, $1m – $15m to 80/75% LTV, rates starting at 4.4%, min FICO score 680, 7 year Fixed/ARM, mixed use cannot exceed 25% commercial, 60 Day Rate Locks available
  • Program 10H- Apartments 5-units & up, $1m – $10m to 80/75% LTV, rates starting at 4.5%, min FICO 680, 10 year Fixed/Arm, mixed use cannot exceed 25% commercial, 60 Day Rate Locks available
  • Program 5k- Apartments 5-units & up, $1m – $10m Nationwide, rates starting at 4.90%, 5 year Fixed/Reset, Max LTV 70%
  • Program 5A- Apartments 5-Units & up, nationwide, $1m – $5m to 80 LTV, rates starting at 3.75%,
  • Program H3- $350k- $499k to 70/75% LTV, rates starting at 5%, 3 year Fixed/ARM, 60 Day Rate Lock
  • Program H5- $1m- $15m to 75/70% LTV, rates starting at 5%, 5 year Fixed/ARM, 60 Day Rate Lock
  • Program H7- $1m- $15m to 75/70% LTV, rates starting at 5%, 7 year Fixed/ARM, 60 Day Rate Lock
  • Program H10- $1m- $15m to 75/70% LTV, rates starting at 5.1%, 10 year Fixed/ARM, 60 Day Rate Lock
  • Program 11- Fast CA Private Money, 70% LTV- no prepayment fees, rates starting at 7.9%, 1-5 Years Fixed, 30 year amortization, I.O Payment Flips, Non-Owner SFR, Commercial, Churches, Apartments, Special Purpose, Cannabis Warehouse & Dispensaries
  • Owner-User- $500k- $20m, 75/85% LTV, 1.99%^ Month Special Intro Rate on 10 yr Fixed and 15/15 Programs, 4.90% thereafter, 10, 20 & 25 Year Amortization, 51% owner occupancy required
  • Bond Financing- $50 million with no upper limit for Purchase, Refinance, Construction and Rehabilitation
  • Stated, No Tax Returns Program- $100k- $5m to 75% LTV 80% CLTV, Fixed Rates w/ 30 yrs Amortization, Cash Out for any reason
  • Small Portfolio Loan Program and Line of Credit- $50k to $750k to 80% LTV Low Fixed Rates with 25 yr amortization- Rural OK
  • Portfolio 19 Western States Program- $100k – $10m to 75% LTV
  • Multifamily 5+ Units, Mixed Use & Mobile Home Parks- $750k – $5m to 80% LTV Non-Recourse Low Fixed Rates with 30 yr term/amortization
  • Multifamily 5+ Units- $5m+ to 80% LTV Non-Recourse with 30 and 40 yr term/amortization
  • Small Bridge Portfolio Program- $100k – $2m to 70% LTV
  • Bridge, Rehabs, Refinance & Constructions Program- $2m – $20m Bridge, Rehab, Refi and $5m – $15m Construction
  • Bridge Loan Program- $500k – $100m Bridge to 80% LTV
  • SBA 7(a)- $250k – $5m to 90% LTV, FICO 680+, 7-25 yr fully amortizing
  • SBA 504- $500k – $10m to 90% LTV, Purchase only, FICO 650+, fixed rate, 20-25 yr amortization
  • SBA 504 Construction to Perm One Time Close- Up to $5m and up to 90%
  • Private Money Program- Asset Based Lending- up to 80% LTV, Loan term 3, 5, 7, 10, 15, 20, 25, 30, and 40 years, Amortized Over 15, 25, 30 or 40 yrs, Interest Rates 3.625% to 6.37% P&I, No Cross Collateralize
  • Alternative Portfolio Commercial Program- Light Doc/Soft Money- up to 65% LTV, Loan term 3, 4 or 5 years, 30 yr amortization, Interest Rates 6.875% to 7.99% P&I, Full Recourse Only, Cross Collateralize for Maximum Loan Amounts
  • SBA Turn Down Commercial Program- Owner User Subprime Program- up to 65% LTV, Loan Term 3 or 5 years, 25 or 30 yrs amortized, Interest Rates 7.75% to 8.875% P&I, Full Recourse Only
  • SBA 7(a) Commercial Loan- $500k- $5m, up to 80% LTV, Loan Term 15, 20 or 25 yr, min FICO 660, 51% owner-occupied and operated, borrowers must have adequate cash flow to cover debt levels and acceptable credit history, no bk or foreclosures 5 years, full Doc
  • USDA- $500k- $5m, up to 80% LTV, Loan Term 15, 20, 25 or 30 years, min FICO 660,
  • Series 100- Non Recourse & Low Doc- NY, LA, Chicago, Washington DC, San Francisco, Miami, Boston, Seattle, San Diego, Denver, Portland, San Jose, Stamford CT
  • Series 200- Non Recourse- Low Doc up top 3 million- Santa Barbara, Ventura, San Jose, Los Angeles, Orange, and San Diego Counties
  • Series 300- Southern CA, within Major Metropolitan, up to 75% LTV, loan limits $1,000,000+
  • Series 400- Southern CA only within Major Metropolitan, up to 75% LTV, loan limits $750,000-$6,000,000
  • Series 500- Northern CA, Central CA, Southern CA, Oregon, Washington, up to 75% LTV, loan limits $1,000,000- $20,000,000
  • Series 600- Western U.S.: AZ, CA, CO, ID, NV, OR, TX, UT, WA, up to 80% LTV, loan limits $1,000,000- $10,000,000
  • Series 700- NATIONWIDE Major Metropolitan Areas, up to 75% LTV, loan limits $1,500,000+
  • Series 800- CA, WA, OR, up to 75 LTV, loan limits $1,000,000- $5,000,000
  • Series 900- AZ, CA, ID, NV, OR, TX, UT, WA, up to 75% LTV, loan limits $1,000,000- $10,000,000
  • Series 1000- Low Doc- CA, OR, WA, up to 75%, loan limits $1,000,000- $15,000,000
  • Series 1100- Retail/Industrial/Office located in CA, OR, & WA, up to 75% LTV, loan limits $1,000,000- $5,000,000
  • Series 1200- Retail/Industrial/Office/Mixed-Use/Self-Storage & warehouse- Nationwide, up to 70% LTV, Loan limits $750,000- $5,000,000
  • SBA Pt.2- up to 90% LTV, $500,000+
  • SBA 504 Pt.2- $500,000 to $10,000,000, multi-use, special-use, up to 90% LTV, for multi, 85% LTV for special, min FICO 625
  • SBA 504 Interim Loans- up to $5,500,000, multi-use, special-use, up to 90% LTV for multi, 85% LTV for special, min FICO 625
  • Tier 1 Commercial- multifamily & mixed-use, loan amounts from $250k- $2m, up to 80% LTV
  • Tier 2 Commercial- Retail, warehouse, self-storage, office, light industrial, automotive, mobile home park, day care center, restaurant/bar, up to 80% LTV, loan amounts from $250k- $2m
  • 1-4 Unit Investor- 1-4 unit attached/detached properties, PUD’s, up to 80% LTV, loan amounts from $250k- $2m
  • Conventional Commercial- $500,000 to $10,000,000, multi-use, special-use, purchase, refinance, cash out, up to 75% LTV, 625 min FICO
We are adding new programs to our list regularly.  If you have a scenario that doesn’t seem to fall under our qualifications, reach out to us with the details. We may have an alternative option to help your client.

877-209-6217

or email us at

mackenzie@backbaycapital.com

brooke@backbaycapital.com

ben@backbaycapital.com