Benefit From a Simplified Commercial Real Estate Loan Process
July 26, 2022
Commercial real estate deals in Texas come in all shapes and sizes. You may be a contractor looking to fund the construction of a commercial real estate project, an investor looking to purchase and update a dilapidated commercial real estate building, or a company looking to purchase a new building for your growing business.
No matter your goals with a commercial real estate transaction, we can provide you with access to the necessary funding to support your project. We offer a simplified commercial real estate loan process that reduces friction and increases the speed of receiving capital.
Ready to speak with a lender about a commercial real estate transaction? Contact us at 713-595-7400.
Consider Our Expertise with Commercial Real Estate Loans
At Texas Gulf Bank, we have built a team of expert loan officers that are knowledgeable about the ins and outs of commercial real estate loans. Our team will listen and ask questions to understand your goals, assess whether our bank can support your deal, and walk you through the loan application process so that you can quickly gain access to the capital you need if approved.
We sit in the sweet spot of commercial real estate lending options in the Texas Gulf Coast region. We’re not like large national banks that are impossible to reach and we’re not so small that we can’t fund larger commercial real estate deals. We offer the ideal mix of personalized customer service and banking relationships, combined with substantial lending capacity.
We also don’t want to waste your time. If we can’t support your deal or if the deal is not a good fit for our bank, then we’ll let you know upfront so that you can explore other options. We’re all about relationships, even if we don’t end up being your banking partner for this particular real estate deal.
However, we certainly hope that we can work out a partnership to support your lending needs. When there is a good fit, you will benefit from the ease and speed of working with our team.
Inside the Commercial Real Estate Loan Process
Our bank will follow these steps to expedite the loan approval process to support your deal.
1. Set up an initial call with our team. When you contact our bank to discuss your next loan, you’ll be able to speak directly with one of our loan officers. We want to have a conversation with you to discuss the proposed deal, what you’re looking to accomplish, and how our bank can help.
Our loan officers know the commercial real estate market along the Texas Gulf Coast. Whether your deal is in Brazoria County, Galveston County, or Harris County, we have a loan officer that can assess your opportunity and provide you with an initial assessment.
2. Complete the loan application process. You have multiple options to submit an application for a commercial real estate loan:
- Visit one of our Texas Gulf Bank banking centers to complete the commercial real estate loan application in person.
- Download a PDF of our application from the Texas Gulf Bank website, complete it, and send it back to your loan officer.
- Have a follow-up call with your assigned loan officer to complete the application over the phone.
Many applicants prefer to speak with a loan officer over the phone to fill out the application. That option carries the additional benefit of allowing your loan officer to know your business better.
3. Provide requested documentation. As part of the loan application process, we will request specific documentation to validate your good standing as a potential borrower.
- A budget for the commercial real estate project.
- A plat/survey/another official document about the property.
- Plans for use of the property (e.g. owner occupied vs. non-owner occupied).
- Year-to-date balance sheet and income statement from the business.
- Tax returns and financial statements from the past 3 years for both the business and the individual borrowers who are guaranteeing the loan.
- Credit history with credit score for each guarantor.
4. Lender review of the loan application. Once we have received your completed loan application and supporting documentation, our experienced loan officer will determine how to structure a loan that makes sense for your business and our bank. We will then send the loan package through an internal review process.
Our lenders meet regularly to review each loan application that comes through our bank. Our decisions are made in-house, which reduces red tape and wait time. We’ll provide you with regular updates on the status of your review so that you always stay informed. And, if you have questions during the review process, you can quickly reach your assigned loan officer.
5. Review approved loan. If the loan application is approved, your loan officer will review the loan terms with you. You will be able to continue the dialogue by asking questions and receiving information about how our bank structured the deal. If you accept the terms, then we will set up closing documents for signing and prepare to fund the deal.
6. Fund your loan. Once the loan is finalized for funding, we will complete the commercial real estate loan process so that you can gain access to the capital you need as quickly as possible. We will remain in contact with you throughout the duration of the process so that you have clear expectations about when certain steps will be completed.
7. Discuss complementary lending options. In addition to a commercial real estate loan, you may need additional lending options to support your deal. For example, if you’re a contractor, you might benefit from an equipment loan to finance the purchase of new or used equipment to support construction on the property.
Our experienced loan officers look for opportunities to support your entire need, not just one need. That’s why our upfront conversations are so important to perform a full assessment of the commercial real estate deal in order to provide your business with a complete financing solution.
Contact Texas Gulf Bank for Commercial Real Estate Financing
Whether you need financing for an owner-occupied property, non-owner-occupied property, investment opportunity, ground-up construction project, mixed-use development project, or another type of commercial real estate deal, we have you covered.
You’ll gain quick access to one of our loan officers, you’ll know exactly who your point of contact is, and we’ll be available to support you throughout the loan application process.
If you’re tired of working with big banks that aren’t available or small banks that don’t have enough capital to support your projects, then consider Texas Gulf Bank. For more than 100 years, we have supported the business community along the Texas Gulf Coast. We know how to structure loans that fit the unique characteristics of each commercial real estate opportunity.
To get started, contact our bank today to speak with a member of our team. You can also complete our contact form above so that we can follow up with you. We look forward to offering you a simple commercial real estate loan process!
All Loans Subject to Credit Approval