Financing for commercial real estate loans is a completely different game compared to residential mortgages. Commercial real estate loans move faster in terms of residential mortgages and are more flexible. National standards need a commercial loan for homes with more than four units. To apply for a commercial real estate loans, you need the following information:
? The provision of at least two years worth of tax records
? The audited balance sheet of the building must provide to demonstrate success as a business location.
? You have to meet a deposit of at least 20% to meet the needs of commercial loans.
? For small investors, about 1% higher interest rates compared to residential mortgages. You need a loan shark, who can assure you
? The interest rates on loans are very competitive, depending on your situation
? Lenders approved and committed with the knowledge and the ability to make decisions in advance
? The flexible financing solutions
? General flexible tariff options
? Less paperwork, including any program of financial documentation
? Save thousands of dollars to close cost
Today there are thousands of lenders to fund the Web. This makes it very important to a financial lender that best meets your requirements. It would be desirable to use the database to the lender, the type of direct access to your lender and you want to avoid, in the hands of a business broker.
Source: http://www.commercial-real-estate.org/commercial-real-estate-loan
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