Frequently Asked Questions

PCA can help finance various types of commercial properties, such as office buildings, retail centers, industrial properties, and multifamily residential buildings.

The current interest rates for commercial mortgages depend on the lender, the borrower's creditworthiness, the loan term, and the prevailing market conditions.

The amount that a borrower can borrow for a commercial mortgage depends on several factors, such as the value of the property, the borrower's creditworthiness, and the lender's loan-to-value (LTV) ratio.

The requirements for qualifying for a commercial mortgage may vary, but generally, lenders look at the borrower's track record, cash flow and the value of the property.

Commercial mortgages typically offer various repayment terms, such as fixed-rate, adjustable-rate, and interest-only payments, depending on the lender and the borrower's preference.

The commercial mortgage application process can take less than 2 weeks to 45 or more days, depending on the complexity of the transaction and the lender's requirements.

To apply for a commercial mortgage, borrowers may need to provide documents such as property income and expense statements, rent rolls, leases, and construction costs, if applicable.

Some commercial mortgages may have prepayment penalties, which are fees charged to borrowers who pay off the loan before the maturity date, and others may be freely prepayable. The penalties may vary depending on the lender and the loan terms.