MIAMI--(BUSINESS WIRE)--Commercial Direct, a new division of Silver Hill Funding, a commercial mortgage lender and subsidiary of Bayview Asset Management, today announced its official launch to support fast and flexible lending through a first-of-its-kind online loan customizer for commercial mortgages. Competitive loans are adjustable to the individual needs of small-business owners and real estate investors, enabling borrowers to customize terms such as fixed-rate periods, prepayments, interest rates and payment dates, in an easy-to-use online application at www.CommercialDirect.com.
This new alternative direct lending model is designed to put investors in control of building their own commercial mortgage loans. As part of the expedited application process, customized terms are calculated to enable borrowers to select their ideal solutions and get pre-qualified within minutes.
Commercial Direct, which finances commercial, residential condo, single-family and two- to four-unit plex residential properties starting at $250,000 and up to $5 million at 80 percent loan-to-value, is backed by the experience of Silver Hill’s management team who have funded more than 20,000 transactions.
“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. “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.”
As a direct lender, Commercial Direct avoids working with multiple entities in securing and managing their loans and thereby eliminates third-party and hidden fees. Commercial Direct’s streamlined funding process provides pre-approvals in minutes, while dedicated loan specialists throughout the underwriting process ensure that loans are closed on schedule in 30 days or less.
Commercial Direct expects to make it easier for entrepreneurs to invest in their businesses and for investors to launch new and expanded portfolios.
About Commercial Direct
Commercial Direct is a division of Silver Hill Funding, LLC, a direct commercial mortgage lender that provides investors and small-business owners with customizable commercial mortgages tailored to fit their unique needs. Commercial Direct’s online loan customizer enables borrowers to adjust numerous aspects of their loans to finance commercial real estate or multi-unit properties starting at $250,000. More information and online Commercial Direct mortgage loans are available at www.CommercialDirect.com.
About Silver Hill Funding, LLC
Silver Hill Funding, LLC, a subsidiary of Bayview Asset Management, LLC, is a national small-balance commercial mortgage lender offering financing from $250,000 to $5 million on commercial real estate including multifamily, mixed-use, office, retail, light industrial, self-storage, warehouse, automotive, mobile home park, and daycare center property types. Together with its partners, Silver Hill Funding offers competitive and flexible loan solutions that help small-business owners and investors finance the opportunities that drive the financial strength and quality of life in their communities. Visit www.silverhillfunding.com or call 888-988-8843 for licensing and more information.