A commercial mortgage is a mortgage for a building that will be used for business. Commercial mortgages are like a residential mortgage, but can differ in a few ways. Commercial mortgages are a little riskier than a residential mortgage. They are not for someones home, but rather for business use, usually a start up business which in and of itself produces a risk to the lender.
How To Get A Commercial Mortgage Today
A loan in which real estate is used as collateral – a guarantee that the loan will be repaid and on time – is usually called a commercial mortgage. While it is much like a residential mortgage, the difference is simply that the collateral and the building purchased with the mortgage is used for commercial rather than residential purposes.
13 Lucky Tips On Getting A Commercial Loan
Beginners look at commercial loans as a means of realising a dream. They long to own their own restaurant, pub or bed-and-breakfast, and look to their friendly local bank manager for help. Cue frustration and disappointment. These days, loans are decided by back-room underwriters, who use cold calculation to decide your credit worthiness. To the seasoned pro, it’s just another day at the office; a handy way of adding to their portfolio. To get the best deal, you need to prepa…
How a 1031 Exchange Works
A 1031 exchange can be a great benefit for investors. Learn what they are, and how to easily overcome some obstacles to use this tax deferral to your advantage.
Commercial Mortgage Loans
Commercial Mortgage Loans are specially tailored for purchasing property that can be used for commercial use, the expansion for current business premises, and any residential and commercial investment as well for property development.
Finding the Right Commercial Mortgage Broker
For a potential borrower, finding the right broker is paramount, so they can take care of the loan details, and you can concentrate on moving forward with your new investment.
What is a Bridge Loan?
A bridge loan can help bridge the gap between investments with a short term loan, until a long term solution is available.
The Window Is Closing for Subprime Commercial Borrowers!
Let’s suppose you’re a general purpose (both residential and commercial) mortgage broker and you’re starving. Here’s a good way to drum up some business.
Obtaining an Income Property Loan
Acquiring an income property is a major real estate investment that requires much of the investor, as well as any other partners. Essentially, when you seek a loan for your investment, the bank becomes your newest business partner.
Obtaining a Small Business Loan
If you are considering opening a small business, there are many details to consider. Obtaining a loan may seem like a daunting task, but financing can be simple, as long as you know what to expect. Here are a few tips to help make your small business loan run smoothly.