Commercial Property includes office buildings, industrial property, medical centers, hotels, malls and retail stores. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes. A commercial loan is required for the purchase or refinance of any commercial property, including a residential apartment or condominium complex with 5 units or more. If you are looking for a commercial loan, now is a great time to apply; Interest rates are at an all time low all across the nation and SBA loans only require 10% down to purchase commercial property.
Loans for commercial properties range from shorter terms to longer terms with interest rates that vary. Loans for business buildings have recently become more accessible to small businesses, allowing even the smallest upstart to qualify as owners. Small businesses now reap the benefits of ownership with increased profits, more deductions, and savings on monthly rental expenses. Businesses can grow and build equity instead of continuing to rent and spend money on build to suit costs, which often improve the investment of the landlord and not the business owner.
In recent years, special loan programs, designed to improve the stability of small business, have driven commercial loan rates to an all time low. Business owners nationwide are lowering their monthly payment amounts and dramatically increasing their monthly cash flow.
Average rates for commercial loan interest range from 4% to 7% and, depending on business type and building use, many programs allow for 20+ year repayment terms which allow the borrower to borrow funds at a low risk. If you are looking for more information about buying or refinancing a commercial property, call to discuss your situation with one of our team members; we can answer any questions and recommend some great next steps to move your business in the right direction.
Refinance Your Commercial Loan
Most refinance commercial loan marketing is confusing and hard to understand. Our consultants specialize in eliminating the confusion in dealing with your commercial building mortgage and we find the best program that will fit you and your business and help you decide on which commercial loan refinance options your business or specific building makes the most sense for you.
Our team will highlight key features on loan programs and minimize and simplify the paperwork. Our streamline processing method takes the headache out of organizing your information and documents. We know that a lower rate and lower payments are essential in increasing profit and monthly cash flow for your business, and both are key in any commercial loan refi. If you are looking for more information about refinancing a commercial property, call to discuss your situation with one of our team members; we can answer any questions and recommend some great next steps to move your business in the right direction. If you want to meet in person, call us today and take advantage of our free consultation with a commercial loan consultant.
Purchasing a New Property
If you own a business and are still renting your facilities now is the time to take advantage of today’s low commercial mortgage rates and low commercial real estate prices. We will help you to qualify for down payments programs as low as 10% down and monthly payments comparable to (or less than) what you are paying today in rent.
We specialize in finding you the program with the best interest rates and lowest money down that will specifically fit you and the needs of your business. Call us today and we will let you know right away if you are qualified to take the next step in moving your business forward and ahead of the competition.
Contact a Commercial Mortgage Broker
Our team is dedicated to finding the best rates and walking you through commercial real estate property solutions. We work with the largest pool of commercial lenders to ensure that you will get the best rate and the best terms with your commercial mortgage loan. Best rate + Lowest Down = $ SAVINGS. If you are looking for more information about commercial loans, call to discuss your situation with one of our team members; we can answer any questions and recommend some great next steps to move your business in the right direction. If you want to meet in person, call us today and take advantage of our free consultation with a commercial loan consultant.