Commercial
Auto Repair Shop Loan
Secure the funding you need to grow or establish your auto repair shop with CMRE's Auto Repair Shop Loan program. We offer competitive financing solutions tailored to the unique needs of your business, helping you acquire property, upgrade equipment, and expand your services. With rates starting at 8.5%, we make investing in your auto repair shop more accessible than ever.
Program Benefits
Competitive rates starting at 8.5% to help manage your operating costs.
Flexible loan terms designed to align with your business's cash flow.
Financing available for property acquisition, renovations, and equipment upgrades.
Streamlined application process for quick access to capital.
Expert guidance from experienced commercial loan specialists.
Opportunity to expand your business and increase profitability.
Program Highlights
Max LTV
75%
Min Credit Score
640
Max DTI
50%
Loan Amount Range
$100K - $5M
Amortization Options
Eligible Properties
- Auto Repair Shops
- Commercial Buildings
- Mixed-Use Properties
Program Requirements
Income Documentation
- •Consistent revenue stream demonstrating the ability to repay the loan.
- •Detailed financial statements, including profit and loss statements and balance sheets.
- •Business plan outlining growth strategies and financial projections.
- •Tax returns for the past two to three years.
Asset Verification
- •Existing business assets to be used as collateral, if applicable.
- •Personal assets demonstrating financial stability.
- •Appraisal of the property being financed.
- •Detailed list of equipment to be purchased or upgraded.
Insurance & Title
- •Property insurance covering the full replacement value of the property.
- •General liability insurance to protect against potential lawsuits.
- •Business interruption insurance to cover lost income in case of unforeseen events.
- •Workers' compensation insurance, if applicable.
Property Requirements
- •Minimum FICO score of 640.
- •Satisfactory credit history with no major derogatory marks.
- •Demonstrated history of responsible debt management.
- •Business credit report (if applicable).
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
You can use an auto repair shop loan for a variety of purposes, including purchasing property, renovating existing facilities, acquiring new equipment, refinancing existing debt, and providing working capital.
Loan terms can vary depending on the lender and the specific loan program, but they typically range from 5 to 25 years for fixed-rate loans. Adjustable-rate mortgages may also be available.
The minimum credit score required typically is 640, but this can vary depending on the lender and the overall strength of your application. A higher credit score may result in more favorable loan terms.
The maximum LTV ratio is 75%. This means that the loan amount cannot exceed 75% of the appraised value of the property being financed.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
