Minimum Months in Business | N/A |
Loan Amount | $50,000 - $1,000,000 |
Loan Term (Years) | N/A |
Minimum Revenue | N/A |
Wells Fargo Commercial Real Estate Purchase Loan Review
Wells Fargo Commercial Real Estate Purchase Loan is offered by Wells Fargo Bank, a bank founded in 1852 and based in San Francisco, CA. Wells Fargo Commercial Real Estate Purchase Loan is available in 50 states (and Washington, DC).
Wells Fargo Commercial Real Estate Purchase Loan FAQ
How much can you borrow via Wells Fargo Bank?
Wells Fargo Bank allows borrowers to apply for commercial mortgages with loan amounts of up to $1,000,000.
What type of guarantors does Wells Fargo Bank require?
- Individual(s)
- Business
Does Wells Fargo Bank charge a mortgage origination fee?
No, Wells Fargo Bank does not charge a mortgage origination fee.
Some lenders charge an origination fee for processing, underwriting, and funding a commercial mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
What limitations does Wells Fargo Bank set on the purpose of the loan?
Wells Fargo Bank considers loan applications for business purposes, such as:
- Lease Improvement
- New Location
What are the business financing requirements for Wells Fargo Bank?
To apply for Wells Fargo Commercial Real Estate Purchase Loan, the applicant needs to provide the following business document:
- Business Certificate
- Business License
- Business Bank Account
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