Commercial Loans
Small Balance Commercial
MAXIMUM LOAN AMOUNT: $2,000,000 UP TO 80 LTV
✅ Min. Loan of $100,000
✅ Purchase, Cash Out, R/T Refinance
✅ 5-YR ARM, 15, 25, 30 YR Fixed
✅ Property DSCR down to 1.15x (Investor) 1.20x (Owner)
✅ Loan DSCR down to 1
✅ Max 25 properties per blanket loan
✅Pre-pays: 5% for 10, 7, 5, or 3 Years Declining 5%, 4%, 3%, 2%, 1%
Eligibility
✅ Multifamily, Mixed-Use, Retail, Office, Light Industrial, Automotive, Mobile Home Park, Warehouse, Self-Storage, Restaurant/Bar, Daycare Center
✅ No rural properties
✅ Stabilized properties only (75% occupancy with no rehab or deferred maintenance)
Eligible States:
All except ID, HI, MI, MT, ND, NV, SD, VT, WV, WY
Testimonials
NMLS ID #423065
Contact Me
20225 Water Tower Blvd. Suite 400, Brookfield, WI 53045
NMLS ID #1173903
Novus Home Mortgage, a division of Ixonia Bank is an Equal Housing Lender. We are headquartered at 20225 Water Tower Blvd. Suite 400, Brookfield, WI 53045. Toll free (844) 337-2548. NMLS No. 423065 (www.nmlsconsumeraccess.org). This is not an offer to enter into an agreement or a commitment to lend. All loans are subject to credit approval as well as program requirements and guidelines. Rates and requirements are subject to change without notice. Not all products are available in all states. Other restrictions or limitations may apply. Novus Home Mortgage, a division of Ixonia Bank is not affiliated with any government agency. © Novus Home Mortgage. All Rights Reserved | Program, Rate & APR Examples | Accessibility