A commercial mortgage loan gives your business the money necessary to purchase property such as land or an office building. A commercial mortgage loan can also be used for construction to build up business property and business real estate.
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|Capital Type||Capital Type Definition|
|Acquisition and Development||Raw land development (streets, utilities, etc.)|
|Adjustable Commercial Mortgage||Interest moves with a specific index (Prime, T-Bills, etc.)|
|Construction Mini-Perm||Construction with 3 to 5 year loan, usually on income property.|
|Construction Loan with Take-out||Construction with pre-arranged takeout loan in place.|
|Fixed Rate Commercial Mortgage||Interest rate will not fluctuate keeping monthly payments from fluctuating too bad during the term of the loan.|
|Hard Money Loan||Loans from private lenders based primarily on the hard asset value (commercial building, vacant land, etc.).|
|Interim Loan||A loan covering only two (2) years or less.|
|Joint Venture||Structuring the mortgage to maximize cash flow potential with the help of an investor or business partner.|
|Participating Mortgage||Lender participates in property revenue and gets a “kicker”. Gives lender more incentive to give a loan.|
|Real Estate Sale and Leaseback||Lender purchases land and leases back to borrower (generally developer) for a fixed rent plus other considerations. Mortgages are issued on leasehold at market rates. Usually, produces more dollars than a mortgage.|
|Real Estate Purchase Loan||Lending for the purchase of commercial real estate.|
|Second Mortgage (Commercial)||Loan secured by equity behind that of the first lien.|
|Wraparound||Lender makes a second mortgage and assumes the first mortgage.|