Commercial Property Financing Chicago

Property types we finance

If it generates income, let's talk financing

Multifamily (5+ units)

Apartment buildings beyond the 4-unit conventional/DSCR threshold — acquisition or refinance.

Mixed-use

Retail or office on the ground floor with residential units above — a Chicago neighborhood staple.

Small-balance commercial

Office, retail, and light industrial properties — owner-occupied or investment.

Bridge & transitional

Short-term financing to acquire or reposition a property ahead of permanent financing.

SBA & owner-occupied

Financing for business owners purchasing the building their company operates from.

Portfolio & blanket loans

Finance multiple properties under a single loan to simplify your debt structure.

How commercial underwriting differs

It's about the asset, the deal, and the operator

Commercial financing is underwritten differently than residential lending — lenders weigh the property's net operating income, your experience as an owner or operator, and the overall deal structure. Patrick works directly with commercial lending partners to package your deal the way underwriters actually want to see it, rather than letting a generic application get bounced back for missing context.

Discuss your deal directly

Key terms to know

DSCR	Debt service coverage ratio
NOI	Net operating income
Cap rate	NOI ÷ property value
LTV	Loan-to-value ratio
Recourse	Personal liability on default

What we'll need from you

Getting your deal underwritten quickly

The faster we have a complete picture, the faster a lender can issue terms. A typical commercial package includes:

Property financials

Rent roll, trailing 12-month operating statement, current leases.

Borrower/entity info

Entity formation docs, personal financial statement, schedule of real estate owned.

Deal specifics

Purchase contract or payoff statement, desired loan terms, exit strategy.

Commercial financing questions

What property owners ask us most

What's the difference between commercial and DSCR financing?

DSCR loans typically apply to 1-4 unit residential rental property and are underwritten with residential-style processes. Commercial loans apply to 5+ unit multifamily, mixed-use, and true commercial property, and are underwritten using commercial metrics like NOI and cap rate, often with different lenders and loan structures entirely.

Do I need an LLC or other entity to get commercial financing?

Most commercial lenders prefer or require the property to be held in an entity (LLC, LP, or corporation) rather than an individual's name. We can advise on entity structure considerations alongside your attorney or CPA.

What loan terms are typically available?

It varies significantly by property type, lender, and deal strength — terms can range from short-term bridge financing (1-3 years) to long-term amortizing commercial loans (10-25 years with various amortization schedules). We'll walk through what fits your specific deal.

Can I get pre-qualified before I have a specific property under contract?

Yes — a conversation about your goals, target property type, and financial position helps us line up the right lending partners before you're under a deadline, so you can move quickly once you find the right deal.

Financing for the property that builds your portfolio.