Commercial Mortgages with Northeastern Group

Finding the right commercial property or space requires knowledge, insight, and timing best met through a partnership between a client and a commercial real estate professional. We are experienced, dependable and specialize in a variety of property types, including office, industrial and retail. Trust our professionals to understand the relationship between your company and its commercial real estate needs.


There are two types of commercial mortgages for real estate:

  • Owner occupied commercial mortgage – For this type of commercial mortgage, the owner of the property will have his/her business occupying at least 51% of the available space in the building.
  • Investment commercial mortgage – For this type of commercial mortgage, the condition of the property, the geographic area and the net operating income (NOI) are taken into consideration by lenders.

A routine commercial mortgage process involves:

  • Analyzing your commercial mortgage request and generally providing you an answer within 24-48 hours.
  • A written proposal that spells out the proposed terms of the loan will be provided to you; you then sign and return the proposal.
  • We will gather any remaining documents we need to secure your mortgage.
  • We complete the formal credit write up and submit the commercial mortgage request to underwriting for approval.
  • The necessary items, such as the appraisal and title report will be ordered. It can take anywhere between 30 - 60 or more sometimes, to close the loan.

At Northeastern, we are licensed mortgage brokers in the state of New York, license #A017070. All loans are arranged through third party lenders. There is a wide variety of commercial mortgages available for your business. To help you pick the best option, feel free to contact one of our associates at 516-505-7700 or email info@negrp.com.

Northeastern Group is eager to assist you! Give us a call or fill out our quick form & one of our agents will get back to you promptly.

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