Investment loan for the purchase of real estate in Sberbank for business

Features of commercial mortgages at Sberbank

In a general sense, a commercial mortgage implies the acquisition of non-residential real estate with borrowed funds, including warehouses, retail, industrial, office and other premises for the needs of private and corporate clients.

At Sberbank, this type of lending is available to both individuals and individual entrepreneurs and businesses. Features of a commercial mortgage are:

• shortened debt repayment period (on average no more than 15 years);
• higher interest rates compared to residential mortgages;
• a significant down payment (minimum 20-30% of the price of the property on the market);
• additional need for a guarantee under a third party agreement (especially for business).

IMPORTANT! The non-residential real estate itself, purchased under a commercial mortgage from Sberbank, is subject to careful verification by the lender for legal purity and liquidity on the market.

Conditions for entrepreneurs from financial institutions

The bank has its own requirements for lending to individual entrepreneurs. There are several general points to guide you by:

• The entrepreneur's tenure is at least 12 months, provided there is no debt to the tax office or banks.
• The profit is stable, without much fluctuation. Entrepreneurs with seasonal fluctuations in cash receipts, in the understanding of experts, are unreliable. Irregularity of doing business is also not suitable.
• An entrepreneur must have an open account with good cash flow, from 50 thousand rubles. monthly.
• The tax regime chosen by the individual entrepreneur corresponds to reality, and the documents provided clearly show the current situation of the business and the amount of profit.

Even at the stage of preparing and collecting documents, you can consult with a specialist at the bank to jointly find a solution to a specific situation. Sberbank has ready-made mortgage lending programs for entrepreneurs, so employees are well aware of the specifics of entrepreneurs’ activities. If the institution already has an open current account, then this will be an ideal option, since the bank specialist will be able to get an idea of ​​your reliability.

Commercial mortgage at Sberbank for individuals

Sberbank does not have a specialized program for the purchase of non-residential properties and premises for private borrowers. For these purposes, the borrower can use a non-targeted loan secured by real estate. Let us consider in detail the conditions and requirements.

Conditions

The type of mortgage in question is non-targeted and does not require confirmation of the expenditure of the funds provided. The size of the mortgage is determined based on the value of the collateral transferred to Sberbank. The maximum loan amount cannot be more than 60% of the estimated value of the collateral property.

Key parameters:

The peculiarity of this loan is the absence of a down payment when purchasing residential or non-residential real estate, which is an alternative to a conventional target mortgage.

Interest rate

For non-target mortgages, the base lending rate is 11.3% per annum , which is initially set for salary clients entering into a comprehensive property and personal insurance agreement.

If the client belongs to the standard category of borrowers and does not have a Sberbank salary card, then an increase to the indicated rate of +0.5 percentage . In case of refusal to purchase a comprehensive insurance policy, the bank has the right to approve a premium in the amount of 1 p.p. to the base interest within the current credit policy.

Sberbank mortgage, mortgage terms and conditions

BASIC CONDITIONS FOR SBERBANK MORTGAGE

• Mortgage interest rate: from 1.7% to 11.9%
• Mortgage amount: from 300'000 to 30'000'000 rubles
• Mortgage loan term: from 1 year to 30 years CALCULATE YOUR MORTGAGE

* Mortgages without a down payment are not available from Sberbank in 2021; the minimum down payment is 15 percent. Under the “Mortgage using maternity capital” program, you can make an initial contribution with maternity capital.

* Interest rates (0.1%) and (0.9%) are provided only for the first year of the loan, taking into account discounts from developers, subject to the purchase of housing in new buildings from accredited construction companies - partners of Sberbank.

*Working pensioners receiving a pension into an account in Sberbank have at least 3 months of work experience at their current place of work, with a total work experience of at least 6 months over the last 5 years. **Clients who do not receive salaries into an account with Sberbank must have a work experience of at least 6 months at their current place of work, with a total work experience of at least 1 year over the last 5 years.

*Temporary registration is allowed, in addition a document confirming registration at the place of stay is presented.

Commercial mortgage in Sberbank for individuals, individual entrepreneurs and business owners

Small and large business owners can use the special Express Mortgage program to purchase non-residential properties. We will discuss the conditions for receiving and the available nuances below.

Conditions

Individual entrepreneurs and LLCs within the framework of Express Mortgage will be able to purchase ready-made non-residential real estate, including the land on which it is located. The parameters for applying for a loan at Sberbank will be as follows:

• the amount of credit funds - from 300 thousand rubles to 7 million rubles (depending on the city in which the property is purchased, the amount can be increased to 10 million rubles);
• return period – from six months to 10 years;
• first payment - at least 30% of the price of the premises (for clients with a positive credit history with Sberbank and repeat applicants - from 25%).

IMPORTANT! In addition to the mandatory collateral of the purchased real estate, the bank requires a third party guarantee.

Interest rate

For Express Mortgage, the minimum loan rate starts at 11% per annum. This indicator may be different for different categories of clients. For example, for successful financial partners who have proven their creditworthiness and reliability in practice, Sberbank can approve a minimum percentage. For new borrowers, the rate will most likely be several percentage points higher.

In any case, each application will be considered by the bank on an individual basis by the credit committee.

Object requirements

The mortgage program under consideration is aimed at the purchase of both non-residential (commercial) and residential real estate. If the option of purchasing non-residential premises is complicated by any factors, then you can consider the method of transferring residential premises to non-residential status (for example, on the first floors of apartment buildings for shops, offices, etc.), as well as the purchase of apartments, which can also be used for business needs.

The key requirements for the collateral are sufficient liquidity, location, technical and cosmetic condition, area, cost, based on the financial capabilities of the borrower who applied.

To whom is the loan granted?

Mortgages for commercial real estate will be of interest to people who have their own business. These are business owners who are engaged in entrepreneurial activities in the field of trade, provision of services, as well as foreign trade.

For business development, free space is required. They need to be chosen carefully, because the flow of clients and the reputation of the company depend on the location of the facility. It is difficult to purchase expensive commercial real estate at your own expense, so a mortgage will be a good solution for small businesses. It will also be of interest to large companies that are thinking about expanding their presence in the market.

Sberbank clients can be individuals who need commercial space, as well as business owners and individual entrepreneurs.

Commercial mortgage for individuals in Sberbank

If we look at the legislation, it becomes clear that individual entrepreneurs are individuals. It is difficult for them to prove their solvency, so banks are wary of individual entrepreneurs, but Sberbank is ready to provide a loan for the purchase of commercial space. This is a commercial mortgage for individuals created for the purchase of business premises.

Representatives of small businesses can choose Express Mortgage. The program is a quick loan that can be used to purchase housing and commercial space. A minimum package of papers will be required for registration. The purchased property is registered as collateral, so there is no need for additional collateral. The borrower saves time.

The bank has introduced a letter of credit form of payment for individual entrepreneurs who choose this program. This additionally protects against fraudulent activities. As part of an express mortgage, you can get up to 10 million rubles, the loan is issued for a period of up to 120 months. There are no commissions.

Mortgage for business owners and individual entrepreneurs

Individual entrepreneurs can use the express program, and “Business Real Estate” has been developed for legal entities. To apply for a loan, an individual entrepreneur must bring documents confirming his solvency. Approval of the loan will allow small business owners to use funds borrowed from the bank on attractive terms. The purpose of registration is the acquisition of commercial real estate for business.

When making a decision to issue a loan, the bank takes into account the scope of the enterprise’s activities. The collateral can be an existing property or one that will be purchased with the bank’s money.

Commercial mortgage requirements for individuals

An object transferred to Sberbank as collateral under a loan agreement must undergo a comprehensive inspection. As part of lending property secured by commercial real estate for private clients (under the product of non-targeted mortgage lending secured by existing real estate), the bank accepts housing, land plots or garages as collateral.

It is logical that before submitting a mortgage application, it is advisable for the client to clarify the possibility of pledging non-residential premises. Since Sberbank claims to work with each client and potential borrower on an individual basis, there is a high probability that it will agree to pledge commercial real estate (retail premises, warehouses, etc.).

The standard requirements for real estate pledged to Sberbank include:

• completion of construction (the facility must be put into operation);
• the construction date was maximum 30 years ago;
• absence of illegal redevelopment and alterations;
• legal purity of all documents for the object;
• absence of utility debts and claims from third parties.

Features of commercial lending

Commercial lending differs from other types of loans in that it is always aimed at supporting small and medium-sized businesses. This is a beneficial tool for both the bank and the borrower. In general, it is beneficial to the state, as it has a positive effect on the economic development of the entire country. As with a regular mortgage, a commercial mortgage is subject to the provision of collateral. The peculiarity is that its role is played by the purchased object itself.

Based on the above, we can highlight the main features of a business mortgage:

• only for manipulations with real estate of a commercial nature;
• it is possible to purchase new areas and land plots or repair or reconstruct old ones;
• the collateral is obligatory, its role is played by the object for the manipulation of which a loan is taken;
• Both legal entities and individuals can act as borrowers.

There are also distinctive features of business lending conditions, which will be discussed a little later.

How a commercial mortgage is issued at Sberbank

The procedure for obtaining a commercial mortgage loan from Sberbank includes the following mandatory steps:

1. Study the terms of the loan (if necessary, you can consult with a bank employee).
2. Selecting a loan program and determining the future loan load (customers - individuals and legal entities - will be able to calculate the upcoming expenses for servicing the debt to the bank using a mortgage/loan calculator).
3. Preparation of a package of papers announced by Sberbank.
4. Filling out the form and submitting an application.
5. Verification of the provided information and documents by the competent services of Sberbank.
6. Announcement of the final decision of the credit institution.
7. In case of a positive outcome, the signing of an agreement with the seller and loan documentation with the Savings Bank of Russia.
8. Conclusion of an insurance contract and payment of a down payment for real estate.
9. Registration of the transaction in the Registration Chamber.
10. Transfer of the amount specified in the contract to the seller of commercial real estate (if the loan is targeted).

NOTE! The entire process from contacting the bank to full settlement between the parties can take from 3 weeks to several months.

Package of documents

The list of papers for citizens includes:

• completed application form;
• borrower's passport;
• documentation confirming the client’s employment and solvency;
• documents for collateral;
• other documents as required by the bank.

Individual entrepreneurs and LLCs will additionally have to provide registration and constituent papers, official and management reporting for at least the last 3 reporting periods, documents on existing credit obligations (including agreements and certificates of debt balance), analytical notes and business plans.

Process differences for legal entities

The main differences and features are as follows:

• residential premises cannot be purchased using a commercial mortgage;
• an expanded list of documents, which includes the constituent documents of a legal entity, as well as accounting (financial) statements, information about the participants of the legal entity, its director, and chief accountant;
• a manager (director, general director) applies for a loan;
• the loan application procedure takes longer;
• it is required to obtain consent to approve a major transaction, if any, from the general meeting of LLC participants.

You can find out how to apply for a mortgage on non-residential premises for individuals and legal entities here.

Business mortgage for legal entities

Business mortgages for legal entities at Sberbank can be issued under the following loan products:

• “Business real estate” (purchase of commercial real estate for individual entrepreneurs and enterprises with annual revenue ≤ 400 million rubles);
• “Express mortgage” (loan for the purchase of residential and non-residential real estate for clients with annual revenue ≤ 60 million rubles);
• “Business Trust” (non-targeted loan without the need to confirm the spending of the allocated money without collateral);
• “Trust” (credit is provided in the form of a one-time loan or by issuing a business credit card without collateral and the obligation of targeted spending);
• “Express secured” (non-targeted loan secured by real estate owned or equipment to legal entities with revenue ≤ 60 million rubles).

For individuals

Sberbank offers this category of clients to obtain a mortgage on acceptable terms. The maximum loan amount under this program is up to seven million rubles. You can get a loan to individuals for the purchase of real estate for up to 10 years. The average interest rate on the loan is 15.5% per annum. In this case, no commission is charged for issuing a loan to an individual. This category of clients can receive a loan for the purchase of commercial premises in an accelerated manner. Moreover, to obtain a mortgage, a citizen does not have to be the owner of a limited liability company. or individual entrepreneur. Loans are also available to individuals to purchase their own property.

• If an individual commercial mortgage is registered several times, the bank will offer special lending conditions that are more favorable to it. The institution will consider them individually for each such client.
• If the business is related to agriculture, the down payment is 20 percent of the value of the property. In all other cases, it will have to be 25 percent of the purchase price of commercial goods.

Conditions

The conditions for the programs listed above are given in the table below.

The final terms will be announced to the client after a detailed assessment of his financial and economic activities, including risks and future forecasts, as well as credit history.

Requirements for a legal entity

A legal entity applying for a business mortgage must comply with the following restrictions and requirements from Sberbank:

1. The company must be a resident of Russia.
2. The volume of annual revenue for programs within the framework of express mortgages should not exceed 60 million rubles, within the framework of a business loan - 400 million rubles
3. The period for maintaining the FCD of an organization should not be less than six months for individual entrepreneurs and small and medium-sized businesses and 12 months for companies with seasonal activities.
4. A legal entity (organization) must have a valid current account in any Russian bank with a positive turnover on it.
5. The company must have the necessary financial balance to receive the required loan amount and its further servicing.

IMPORTANT! The final results of the organization's activities must have a positive assessment. Unprofitable enterprises will most likely not pass Sberbank's risk assessment.

Who is encouraged and what are the selection criteria?

The following business entities can receive a mortgage::

• individuals – business owners;
• individual entrepreneurs;
• legal entities.

Depending on the type of loan product, borrowers are subject to the following requirements:

1. By age. The minimum age of the borrower is at least 21 years, the maximum should not exceed 70 years at the time of final repayment of the debt.
2. Terms of doing business. Only entities engaged in entrepreneurial activity for at least 6 months can receive a loan. Sberbank does not provide loans to newly opened organizations and registered individual entrepreneurs that are not active.
3. Annual revenue. Depending on the type of credit program, annual revenue should be up to 60 million rubles or up to 400 million rubles. having a current bank account. An LLC or individual entrepreneur must be serviced in the bank division where they apply for a loan.

More information about the conditions for obtaining a loan for commercial premises from different organizations can be found here.

Requirements for the property

The following requirements apply to commercial real estate purchased with a Sberbank mortgage:

1. The status of the object is ready or under construction (the latter can only be purchased from a developer accredited by the bank).
2. Absence of any third-party encumbrances or debts.
3. The most complete package of documentation for sale.
4. Compliance with the maximum/minimum construction time, external and technical condition of the facility (emergency, dilapidated premises are not acceptable for purchase).

In addition to the listed restrictions, the bank will pay attention to the liquidity of potential real estate, that is, the possibility of its quick sale at least for the estimated value.

Package of documents

The legal entity provides the following set of papers:

• legal documents (charter, tax identification number, licenses if available, primary state registration number, copy of passport);
• financial (tax returns for the last 3-4 tax periods, books of income and expenses, financial statements, certificates from other banks about debt on existing and extinguished obligations);
• general (copies of loan, lease, counterparty agreements, etc.);
• documents for collateral.

Additionally, the company can provide the bank with management reporting, as well as a business plan (in detailed or condensed format) and an analytical note justifying the request for the loan (what the loan will be spent on and what proceeds will be used to repay the debt).

Procedure for obtaining a mortgage

To apply for a loan to purchase real estate, the applicant must go through several stages, without which the loan procedure is impossible. These stages include collecting documents for signing the contract.

How to apply step by step

1. Choosing a mortgage type.

Determine the type of borrower (individual, legal entity, or small business owner). Make a decision on choosing a loan based on key parameters (period, interest rates, amount of obligations, issuing a loan with or without collateral).

1. Collection of documents

To speed up the process of obtaining a mortgage, it is necessary to collect financial, economic, constituent and registration documents at the initial stage.

1. Selection of housing

The borrower determines the most suitable property for himself based on geographic and economic factors.

1. Filing an application

An application for a loan can be submitted at any Sberbank branch. The borrower can find a map of branches on the bank's website. There, anyone can apply for a loan without being Sberbank clients.

1. The application is reviewed within 5 days from the date of submission both on the website and at the bank branch itself.
2. Registration of a mortgage

Employees of a banking organization determine for the borrower the most convenient, suitable and advantageous conditions for issuing a loan.

1. Confirmation
2. Registration

To select a suitable loan and the ratio of loan conditions, such as the rate on obligations, their amount and period of use), the borrower can use a loan calculator. It is best to test several combinations to find the most profitable one. Loan requirements vary greatly and are directly dependent on the amount of the down payment, profitability and repayment period for the amount of the obligation.

There are key positions that change the composition of the package of documents. The bank does not request a certificate of solvency if the borrower repays more than 50% of the obligations.

Package of documents

A complete list of required documents is available via the link on the Sberbank website.