Commercial construction (or “build”) loans provide short-term financing to cover the costs associated with site preparation and construction for your commercial real estate project. Make interest-only payments while the property is under construction. Then, you will need to refinance the build loan into a long-term commercial mortgage.
SBA Commercial Real Estate Loan The Small Business Administration has two loan options available for real estate: the SBA 7(a) and the 504/CDC. The SBA 7(a) loan program is a general business loan allowed for multiple business reasons, including buying and renovating commercial property, and rates are typically in the 7% to 10% range.
Unlike residential loans, commercial real estate loans come with two types of terms: intermediate-term loans of 3 years or less and long-term loans that last for 5 to 20 years. A balloon loan, on the other hand, requires you to make one big payment at the end in order to pay off your remaining principal.
A commercial property mortgage is usually a long-term loan (often up to 25 years ) that provides the cash to purchase a business premises.
A commercial bridge loan is a short-term real estate loan used to a purchase owner-occupied commercial property before refinancing to a long-term mortgage at a later date. commercial bridge loans are issued by traditional banks and lending institutions and help borrowers compete with all-cash buyers.
Most private loans are short-term. You must show the property’s income potential and also create a realistic exit strategy. The real estate one seeks financing for acts as the loan’s collateral, and depending on the loan-to-value ratio, borrowers may need to cross-collateralize to obtain their full requested financing.
Finance Your Business Dreams with a Commercial Real Estate Loan. At Halo Capital, we take tremendous pride in our role as your trusted commercial real estate funding adviser. Our goal is to establish long lasting relationships with our valued clients, with a focus on both short-term and long-term portfolio management.
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