K2 Commercial Finance Expands Commercial Preferred Mortgage Program

New Britain, Pennsylvania – October 12, 2015 – K2 Commercial Finance announced today that their Commercial Preferred Mortgage Program is now available to commercial property investors in all 50 states.

Ken Kaplan, founder and president of K2 Commercial Finance, said the Commercial Preferred Mortgage Program has emerged as one of the best options his firm offers for commercial loans of up to $5 million. The program offers bank competitive rates for qualified transactions with far easier underwriting criteria. Commercial Preferred is for transactions that can be fully documented but which require greater speed and flexibility than conventional banks provide. 

“It’s fast, easy, dependable and uncomplicated,” said Kaplan. “and now it's available on a national basis for virtually all commercial property types.”

The Commercial Preferred Mortgage Program offers numerous benefits that are not typically available through traditional bank financing such as higher loan to value ratios, unlimited cash out, multiple pricing options and streamlined underwriting. Most importantly, Kaplan said this program offers borrowers minimal costs and quick closings with most pre-approvals taking only 48 to 72 hours. The program affords borrowers longer terms and amortizations when compared to banks, and subordinated financing is permitted, which opens up options for otherwise impossible transactions. 

“This program is ideal for those buying or refinancing investment properties or owner-occupied properties,” said Kaplan. “It is without question one of the best commercial mortgage financing options for smaller properties that is currently available."

Having facilitated many loans for small businesses and investors using this program, Kaplan explained two factors that borrowers have benefited the most from are the low monthly payments afforded by the Commercial Preferred Mortgage Program and the ability to have full 15, 20 or 30-year amortizations. 

In addition to their flagship product, K2 Commercial Finance also offers a number of other commercial financing options including hard money loans, SBA loan programs, asset based loans and stated income commercial loan programs. Kaplan said all of these programs are designed to enable borrowers to have access to the capital they need within a short of amount of time. 

K2 Commercial Finance is a commercial mortgage brokerage company that offers commercial loan solutions designed to meet the needs of all types of small businesses and property owners. The company’s niche lies in serving commercial property borrowers with financing requirements of between $50,000 and $5,000,000. K2 Commercial offers no upfront costs and is only paid upon a successful loan closing.