Commercial Loans in Alabama and Florida
Hard money, DSCR, SBA and lines of credit, handled by one team that explains the cost before you sign.
Business and investor deals do not fit a standard home loan. The timeline is shorter, the collateral is different, and the best structure depends on what you plan to do with the property. Mountain Mortgage handles the full range of business purpose lending in Alabama and Florida, so you do not have to shop five lenders to find the one product that fits.
Get a commercial loan quote. Tell us the deal and we will tell you which structure fits it.
The commercial loan programs we handle
Hard money loans
A hard money loan is secured by the property and approved mainly on the value of the deal. It works for individuals and for companies. The strength is speed. The cost is a higher rate and upfront points than a bank loan, so it fits short holds with a clear exit, such as a purchase you will refinance or sell within months.
DSCR loans for investors
A DSCR loan qualifies the property on its rent, not on your personal income. Lenders divide the monthly rental income by the monthly payment. A result near or above 1.0 is the usual starting point. This is how investors with several properties or irregular tax returns keep buying.
SBA loans for people and businesses
SBA loans are government backed business loans. The 7(a) program can fund working capital, equipment, a business purchase or real estate, up to $5 million. The 504 program is built for owner occupied commercial real estate and large equipment. Terms run longer and payments run lower than most private options. The tradeoff is more paperwork and a slower close.
Business lines of credit, including construction
A line of credit lets a company draw funds as costs arrive and pay interest only on the balance used. Contractors and builders use it to cover materials and payroll between draws. Other companies use it to smooth out cash flow. We structure lines for construction companies as well as other operating businesses.
Which loan fits which deal
- Buying fast with a clear exit: hard money.
- Buying a rental you will keep: DSCR.
- Buying or expanding a business, or owner occupied commercial property: SBA.
- Covering costs while a project runs: line of credit.
Many borrowers use two of these in sequence. A common path is hard money to buy, then a DSCR loan to refinance into a long term rate once the property is rented.
What we need to start
- A short description of the deal: the property or business, the purchase price, and your plan.
- Entity details if you are borrowing through a company.
- Recent income or rent documents, depending on the program.
We come back with the structure that fits, the full cost in dollars, and the timeline to close. If another structure is cheaper for your plan, we say so.
What the cost looks like
Each program prices differently. Hard money charges the most per year and the least in time. SBA charges the least per year and takes the most time. DSCR sits in the middle. Points, appraisal, and prepayment terms change the real cost, so compare the total, not the rate alone. If part of your deal is a primary home, see conventional loans in Alabama and Florida. To size a payment, use the monthly payment estimator, and to plan cash needed at closing, use the closing cost calculator. For ways to lower the cash you bring, read about cost stacking.
Alabama and Florida notes
Alabama
Many Alabama investors buy single family rentals in markets like Huntsville, Birmingham and Mobile. These deals usually suit DSCR financing because the rent is documented by a lease.
Florida
Florida deals often turn on insurance cost. Property insurance can change the monthly payment enough to move a DSCR ratio below the line, so we ask for the insurance quote early.
Frequently asked questions
What commercial loans does Mountain Mortgage offer?
We handle hard money loans for individuals and companies, DSCR loans for real estate investors, SBA loans for people and businesses, and lines of credit for companies, including construction companies.
What is a DSCR loan?
A DSCR loan qualifies an investment property on its rental income instead of your personal income. The lender compares the monthly rent to the monthly payment on the property.
How fast can a hard money loan close?
Hard money is the fastest of these programs because approval rests mainly on the property. Timelines vary by deal, and we give you a realistic date before you commit.
How much can I borrow with an SBA 7(a) loan?
The SBA 7(a) program allows loans up to $5 million. The amount you qualify for depends on your business, your credit and the purpose of the loan.
Can a construction company get a line of credit?
Yes. We structure lines of credit for construction companies and other operating businesses. Approval depends on the business financials and credit.
Do you lend in both Alabama and Florida?
Yes. Mountain Mortgage works with borrowers in both states.
Tell us about your deal
Send the property or business details and your goal. We will return the right program, the full cost, and the timeline.
Mountain Mortgage, NMLS #2720886. Paul Leara, NMLS #2233772. Equal Housing Lender. This page is for general information and is not a commitment to lend or an offer of credit. Commercial and business purpose loans are not consumer mortgage loans. Program terms, requirements and pricing vary by lender and are subject to underwriting approval. Not all applicants will qualify.