Real Estate Brokers

Commercial Real Estate Lending

Our common sense approach to lending helps you close more commercial real estate loans for your borrowers

CRE Loan Application


We work to provide you with answers ASAP - even if it is a "no" - so that you can move on to your next deal


We ask, "how can we do this deal?" We're able to close deals that even surprise the broker. Give us a call


We provide great CRE lending options for good CRE borrowers, closing deals quickly and smoothly

Our Approach to CRE Lending

Common sense. CRE lending.

Balboa CRE is designed to help brokers close more commercial real estate loans. Our Purchase, Refinance, and CRE Investor lending options all provide quick answers that help our brokers close more loans for their clients







Get real answers from a CRE lender

Brokers, you shouldn't have to wait weeks (or months) for a loan committee then hear "no".

Balboa CRE will get back with you ASAP and provide a firm offer for your deal*

Call (619) 397-7774

Lending Info

A lender that uses a "common sense" rate sheet designed to help you close loans

Office, Industrial, Mixed-Use, Medical/Pharma, CRE Condo, Multifamily

Property Types

Loan Amounts

from $500,000 to $2,000,000 (higher loan amount request considered on case-by-case basis)

Loan-to-Value (LTV)

up to 65% on refinance loans, up to 70% on purchase loans

Rates & Terms

Rates are tied to Wall Street Journal Prime - call for specific rate by property / 5 year fixed / 25 year Amortization

Debt Service Coverage Ratio (DSCR)

Minimum DSCR of 1.15 (Multifamily) from 1.25 on all other properties / Global DSCR used in all underwriting

Net Operating Income (NOI)

Net Operating Income analyzed for all income-producing commercial real estate properties

CRE Loan Application
1003 Application
1003 Application, additional borrower

Below form(s) needed for loans on multifamily property types

Recent CRE Deals

Learn more about our recent commercial real estate loans that we've closed with our brokers

Multifamily purchase $1.3M+ with fund control

1031 Exchange, CRE Investor, $3.8M

Cash out Refinance to purchase property, $1.85M

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Multifamily purchase $660K with fund control for property remodel

Medical Office, Owner-Occupied Refinance, $380K

Mobile Home Park cash out refinance, $490K

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CRE Investor Refinance, $2.75M+

Trust Entity Refinance, Multifamily $300K

CRE Investor, Retail Refinance, $3M+

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“We are in business to make our brokers more successful and look like heroes to their clients. Each loan is treated like the most important deal we’re working on.”

About Balboa CRE

Always working to earn your business and trust

Since 1981 we have been in the relationship business. Brokers become friends and we treat our friends like family. Let us earn your business on your next CRE loan.

Honesty | Integrity | Commitment

Debbie Escobedo

President, Balboa

Jim Morstad

Vice President, CRE

Joseph Morstad

Business Development, CRE Loan Officer

Send your CRE loan inquiry today

Upload CRE files here

You can securely send loan docs using the below button

What Others Are Saying

Balboa CRE is always working to earn your trust. The below praises are a great bonus!

Sandy Biondo

My files move smoothly and are one of the last common sense lenders. I don't know how you do it, but it is appreciated.

Consolidated Lenders

Rob Brodt
Genesis Financial

I have been working with Balboa for a couple of years now. They get results quickly so I can move on to the next deal. It's been great. I could not be happier with a lender and I look forward to putting more deals together.

Fay Ryan

IDS Real Estate Group

Their customer service, flexibility and speed in getting the deal done as well as competitive fees are the best!

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Connect with Balboa CRE today

Balboa Commercial Real Estate (CRE) is a division of Balboa Thrift and Loan. Member FDIC and Equal Housing Lender. 2018 Balboa Thrift and Loan. All rights reserved. DBO # 1802 NMLS #810477

(619) 397-7774

865 Amena Court Chula Vista, CA 91910