Apply for a new loan or refinance today! Apply Now!

Stated Commercial Mortgage

Northeast Financial is your Connecticut, New England, New York, New Jersey, and East Coast resource for commercial mortgages that are not traditional (Essentially your local bank will not fund them).

At Northeast Financial we say “Yes” when your local bank says “no.”

Property types we will fund: Apartments, Mixed Use, Retail Buildings, Office Buildings, Warehouses, Day Care Centers, Hair Salons, Funeral Homes, Hotel/Motels, and Mobile Home Parks.

Rates/Terms: We offer both Fixed (up to 25 years) and Adjustable Rate Mortgages (Amortized over 30 years).  All of our Stated Loans have a 3 year prepayment penalty on them and rates generally start at 7.99%


-First Lien Position Only
-Owner Occupied or Investment Properties
-Refinance or Purchase
-Loan Sizes from 100K to 3MM
-Maximum Cash out is 250K
-No Bankruptcies in the last 4 years
-Minimum Credit Score is 650
-Personal Guarantees on all Loans
-The Property must Debt Service at a 1.25% to 1.5% (depending on the property type)
-LTV (loan to value) maximum is 80% (on a case by case basis) with the average LTV at 70% on most of our loans.

Please call today for a free consultation to discuss your commercial mortgage options (we offer commercial hard money loans as well).

860-788-7237 or email us at