Key Takeaways
- TPS holders can legally own commercial real estate in the United States
- Commercial property financing based on rental income and property value
- Owner-occupied commercial property eliminates rent expense permanently
- No green card or SBA 504 eligibility required
- Up to $5M for qualified TPS commercial property buyers
One of the most significant wealth-building moves a TPS entrepreneur can make is purchasing the commercial property where their business operates. Paying rent indefinitely builds no equity — buying your building locks in your occupancy cost, builds equity, and creates an appreciating asset. TPS holders can legally own commercial real estate in the United States, and Bankable provides the financing to make it happen without requiring the citizenship or green card that the SBA 504 program now requires.
Commercial property purchase also serves as a hedge against the uncertainty of TPS renewal. Regardless of what happens with your status, the commercial real estate is a US-based asset that belongs to you, your LLC, or your corporation.
Commercial Property Financing for TPS Holders
- Owner-occupied commercial: Purchase the building where your business operates — eliminates rent and builds equity
- Investment commercial property: Purchase a commercial property to lease to tenants
- Mixed-use property: Ground floor commercial with residential apartments above
- Industrial and warehouse: Warehouse or light industrial space for manufacturing or distribution businesses
- Raw land: Commercial land for future development (evaluated case-by-case)
How Commercial Property Financing Works for TPS
Bankable evaluates commercial property purchases primarily on the property's income potential (rental income or business value of owner-occupancy) and the loan-to-value ratio. A commercial property with a 30-40% down payment and strong income fundamentals is financeable regardless of the buyer's immigration status. See our full TPS real estate funding guide.
Frequently Asked Questions
Yes. TPS holders can legally own commercial real estate in the US. There are no immigration-based restrictions on real estate ownership.
No. The SBA 504 program is now closed to TPS holders due to the 2026 citizenship rule. Bankable provides alternative commercial real estate financing.
Commercial real estate typically requires 20-35% down. A $500,000 property may require $100,000-$175,000 in equity from you.
In some cases, the equity in existing business assets can be used as part of the down payment structure. Discuss with your Bankable advisor.
Commercial property is valued by a licensed appraiser based on comparable sales, income capitalization (for income-producing properties), and replacement cost.
Yes. Owner-occupied commercial property is one of the strongest commercial real estate investments. Your business's rent payment becomes your mortgage payment — building equity instead of paying a landlord.
Yes. Cash-out refinancing of commercial property equity is available for TPS holders. The property's current value and income are the primary evaluation factors.
48-hour pre-approval decision. Full commercial property closings typically take 30-45 business days after underwriting is complete.