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Commercial Real Estate Lending Services

Posted by:  Jim Morstad
2016-09-08 12:13:15

Balboa Thrift and Loan has provided a personalized approach to commercial real estate portfolio lending in Southern California for more than 30 years. The combination of competitive rates and personable, local service creates an ideal commercial real estate loan process.

We are able to meet clients' needs for multiple types of commercial real estate properties because we have the ability to work on loans that big banks are unable - or unwilling - to fund.


Lending Details

Property Types

Multi-Tenant Office, Industrial, Retail, Mixed-Use Commercial, Medical, Commercial Condo, Apartment Buildings

Loan Size

From $100,000 up to $2 million

Program Types

5 year fixed rate / Adjusting to Wall Street Prime Rate +


25 years (30 years Multi-Family)



Loan-to-Value (LTV)

Up to 75% (80% Multi-Family)

Balboa Thrift & Loan Fees

50-100 bps lender fee

Other Costs

3rd party title, escrow, appraisal and environmental reports


No impounds for taxes and insurance (borrower maintains)


No prepayment penalty

Broker Submissions

Accepted with appropriate licenses


Lending Solutions

We represent flexibility and quality service with a personalized touch. No matter the circumstance, we are committed to excellence in helping a wide range of clients in their real estate ventures.

Complimentary CRE analysis: Our personal, detailed review and analysis of current lending situations is a key feature we offer. Our goal is to help the entire commercial real estate lending process run smoothly from start to funding.
Common sense lending approach: All loans are reviewed and underwritten by us personally – not a computer. The story and important details about each lending situation are taken into account during the underwriting process to offer lending solutions that makes sense. 
“The underlying real estate collateral has value, the borrower can demonstrate repayment, and the story makes sense.”


Flexible Terms & Competitive Pricing: 
  • Loan sizes from $100,000 up to $2 million - entity ownership lending available
  • LTV ratios up to 80%  
  • Amortization terms up to 30 years 
  • No prepayment penalty 
Working with Balboa ensures you get this benefit because of our business model. We are a local business and free from much of the red-tape that the large lenders must endure.
Let us assess your current commercial real estate lending situation and discuss a solution that fits your needs today.

Jim Morstad

Vice President of Commercial Real Estate