Jumbo Loan
Quick answer
In commercial and investment property lending, a jumbo loan is a large-balance loan above a lender's standard program maximum, underwritten on its own terms.
Jumbo in this context has nothing to do with agency conforming limits for owner-occupied homes. It refers to large-balance business-purpose loans that exceed a lender's normal program ceiling and therefore receive individual credit review. Lenders typically expect a seasoned sponsor, a strong asset in a major metro, and deeper documentation than a standard-size request.
Related product: Permanent Debt
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