Key Commercial Real Estate, an affiliate of KeyCorp, has created an Internet-based system to prequalify borrowers for loans.
This feature on the Key Commercial Web site allows borrowers to choose from a listing that includes property type, size, and condition, as well as other factors that could affect a project's value. Based on the data, a potential loan amount, terms, interest rate, and estimated monthly payments are calculated.
Borrowers may also apply on-line for commercial mortgages of $250,000 to $2 million, to be electronically sent to Key Commercial Mortgage.
Key Commercial Real Estate Group, part of Key Corporate Capital, provides construction loans, home equity loans, and long-term commercial mortgages nationwide, financing more than $7 billion of commercial real estate annually.