Capital One began its business in 1994 in Richmond, VA. This bank offers plenty of lending options for businesses and commercial properties, such as loan syndications, multifamily property financing, SBA loans, and more.
Capital One has a BBB rating of one and a half out of five stars and a TrustPilot score of two out of five stars.
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Capital One Overview
Capital One has 755 branches and 2,000 ATMs across the U.S., U.K., and Canada.
Even though this bank is primarily known for its credit card services, Capital One also has business and commercial banking divisions, which focus on various types of lending.
Capital One announced in late 2017 that they would no longer offer mortgages on single-family homes due to the complexity of the market.
It is undetermined if Capital One will offer mortgage rates again.
Current Capital One Mortgage Rates
Capital One Mortgage Options
Capital One offers a wide selection of commercial and business loans, including:
Capital One offers flexible options for companies that need a credit structure that exceeds the limits set by many other banks. It works with business owners to structure a transaction that makes sense for both parties.
Syndicated loan agreements provide borrowers with efficient access to large amounts of credit, reduce the time spent negotiating credit agreements, improve financial control, and require only one request to decrease funds and create any changes to this transaction.
Business owners can use this funding as working capital, which they can use toward expenditures, acquisitions, and renovations.
Commercial Real Estate Lending
People looking to invest in a hotel, restaurant, shopping center, or other forms of commercial real estate can look into Capital One’s flexible options. This bank understands the importance of having enough working capital in commercial real estate. For this reason, it works cohesively with borrowers to create effective transactions for their specific needs.
Multifamily Property Financing
Capital One works with investors interested in purchasing multifamily real estate properties. Whether they want to be a landlord or want to go in on an investment with a group, it offers assistance and loans to help people achieve their goals.
Small Business Administration Loans
Small business owners might need to borrow some funding in order to achieve their goals. Small business loan options allow for longer payback terms and higher borrowing limits than many other conventional bank offerings. Some of their small business administration loan offerings include:
- SBA 504 Loan Program, which works with a private, non-profit company that works to develop local communities
- SBA 7(a) Loan Program, the most basic business loan: benefits include long-term financing, no balloon payments, and fixed maturity
Capital One Mortgage Customer Experience
Capital One offers plenty of explanations on its products on its website, whether you’re wondering about business lending or commercial loans. There is also an FAQ section, which answers the most common questions associated with these types of lending.
Capital One has received a substantial amount of recognition since its founding. It was named one of the “World’s Most Admired Companies” by FORTUNE. It is also considered one of the “Civic 50” Most Community-Minded Companies in the S&P 500.
Additionally, it was awarded several times for being “a great place to work,” especially regarding diversity and the millennial workforce.
The lender has experienced a few scandals in the credit card sector, however. One instance in 2012 caused the corporation to pay $210 million in settlement charges regarding the “deceptive” marketing of various credit card add-on products, according to Business Insider.
Capital One Lender Reputation
Founded in 1994, Capital One is a large bank that offers a variety of financial services, including commercial and business lending. Thanks partly to its 194 complaints on BBB, it has an overall score of one and a half out of five stars. It also has a TrustPilot score of two out of five stars, according to its 50 online ratings.
While these numbers may be justifiably worrying, it’s important to keep in mind that satisfied customers rarely give feedback, whereas disgruntled ones are more likely to do so. Considering Capital One’s fairly recent issues in the credit card sector, it’s surprising that the bank’s reviews aren’t worse.
- Date Collected: Nov. 7, 2018
Exploring Capital One’s Diverse Mortgage Offerings and Reputation
|Capital One Mortgage Options||Description|
|Loan Syndications||• Flexible Credit Structures, Large Credit Access, Reduced Negotiation Time|
|Commercial Real Estate Lending||• Flexible Options for Hotel, Restaurant, and Shopping Center Investments|
• Collaborative Transactions for Ample Working Capital
|Multifamily Property Financing||• Support for Multifamily Real Estate Investors, Facilitating Goals and Group Investments|
|Small Business Administration Loans||• Long-Term Financing with Higher Limits for Small Businesses|
• Includes SBA 504 and 7(a) Loan Programs
|Capital One Mortgage Customer Experience||• Comprehensive Product Explanations, FAQs, and Industry Recognition for Workplace Excellence|
|Lender Reputation||• Founded in 1994, Diverse Financial Services|
• Mixed Reputation: BBB Score 1.5/5 Stars, TrustPilot 2/5 Stars (as of Nov. 7, 2018)
•Verify Recent Information
Capital One Mortgage Qualifications
Generally, applying for a business or commercial loan requires borrowers to meet certain minimum qualifications. Lenders’ requirements can vary, but most typically require information on the following:
Most banks, including Capital One, take borrowers’ credit scores into consideration when qualifying individuals for loans. Business owners might also consider building their business credit to apply for more flexible loan options.
- Personal and Business Tax Returns
- Balance Sheet
- Income Statement
- Commercial Leases
- Business Licenses
- Personal and Business Bank Statements
Many lenders require their borrowers to offer up some sort of asset that the lender can seize if the borrower cannot make their payments on time.
Capital One Phone Number & Additional Details
Homepage URL: https://www.capitalone.com/
Company Phone: 703-448-3747
Headquarters Address: Capital One, 1680 Capital One Dr., McLean, VA 22102
The Bottom Line – Capital One Mortgage Rate Review
Capital One, while renowned for its credit card services, also presents a robust array of commercial and business lending options. Their diverse portfolio addresses the needs of various investors and businesses, ranging from commercial real estate to multifamily property financing.
With a legacy that’s seen commendations and controversies alike, their reputation in the market is a mixed bag. While some feedback might raise eyebrows, it’s essential to weigh both the positives and the challenges.
Potential borrowers and investors should consider all facets of Capital One’s offerings and reputation when deciding on financial engagements.
How We Review Mortgage Lenders:
Good Financial Cents evaluates U.S. mortgage lenders with a focus on loan offerings, customer service, and overall trustworthiness. We strive to provide a balanced and detailed perspective for potential borrowers. We prioritize editorial transparency in all our reviews.
By obtaining data directly from lenders and carefully reviewing loan terms and conditions, we ensure a comprehensive assessment. Our research, combined with real-world feedback, shapes our evaluation process. Lenders are then rated on various factors, culminating in a star rating from one to five.
Product Name: Capital One Mortgage Product Description: Capital One Mortgage, a subsidiary of the renowned financial institution Capital One, offers an array of lending options tailored to businesses and commercial properties. With services ranging from multifamily property financing to commercial real estate lending, they strive to meet diverse financial needs. Summary Capital One Mortgage, stemming from the well-established brand of Capital One, has made significant strides in the commercial and business lending sectors. Though more famously known for its credit card services, the company has invested in providing tailored loan solutions for various enterprises. Whether an investor is keen on delving into multifamily real estate or a business is exploring expansive growth, Capital One Mortgage presents a range of flexible and structured financial packages. Pros Cons
Capital One Mortgage Rate Review
Product Name: Capital One Mortgage
Product Description: Capital One Mortgage, a subsidiary of the renowned financial institution Capital One, offers an array of lending options tailored to businesses and commercial properties. With services ranging from multifamily property financing to commercial real estate lending, they strive to meet diverse financial needs.
Capital One Mortgage, stemming from the well-established brand of Capital One, has made significant strides in the commercial and business lending sectors. Though more famously known for its credit card services, the company has invested in providing tailored loan solutions for various enterprises. Whether an investor is keen on delving into multifamily real estate or a business is exploring expansive growth, Capital One Mortgage presents a range of flexible and structured financial packages.