Category: Commercial Mortgages

If your business is ready take the plunge and invest in its own commercial real estate, the biggest hurdle is often finding the funding. Lenders require very detailed documentation and projections for commercial mortgages. Before you hand in your application, here are a few items to check off your list: Have You Collected All Pertinent Documents? Whether or not your bank requires all of these records, it would be smart to have things like insurance quotes for the commercial property and the […]

Small businesses often need commercial real estate loans to purchase property for their company. These mortgages can also be used to refinance existing loans or to get funding to redevelop properties a firm already owns. Whatever the reason, securing the loan is an important part of achieving the goal. Here are three important mistakes to avoid when applying for a commercial loan. A Lack of CashMost commercial real estate loans require a substantial amount of money for a down payment. Yet lenders […]

Unlike the residential mortgage where personal income is critical, the commercial debt service coverage ratio is measures the income created by the property.

How can you tell when it’s a good idea for your business to take on debt? Here is a little financial food for thought…

Businesses often buy real estate to further the interests of their companies. In order to obtain that real estate most firms need the help of a lending institution – they need a commercial mortgage. If your company is considering a commercial loan, here are four important things you need to know. What Can You Use a Commercial Mortgage For? A commercial mortgage can obviously be used to purchase a piece of property for use by the business, most often the office building or warehouse where […]

The decision to lease or buy your business space is a complex one, more challenging even than deciding to rent or own a home. Take a look at a just a few factors you ought to consider before making a decision. How Fast Do You Expect Your Business to Grow? Trying to anticipate the size of your business in the next five or ten years can be difficult. If you foresee the need for more space in the future, you might be better off leasing for now until your growth reaches a plateau. If your business […]

Once you secure your funding, it’s time to decide what loan terms are best for your company. There are at least four different types of commercial loans to consider.

A commercial mortgage loan is designed to help business owners or investors buy real estate connected with their business place of work, but commercial mortgages can be used for many other purposes beyond simply buying an office building. They can help you with virtually all your business’ physical space needs.

Just like with a residential mortgage, obtaining a loan for a commercial property requires that you meet certain minimum financial requirements. Some of the most common qualifications for a commercial mortgage include good business or personal credit, an adequate loan-to-value ratio and sufficient borrower income. Credit Commercial lenders will use your credit score to judge how trustworthy you will be as a borrower, how likely you are to repay their loan. The minimum credit score that each […]

    A commercial mortgage is a loan that is made using real estate as collateral in order to guarantee repayment. There’s a wide range of commercial mortgages available for your business to use. In order to help you pick the best option, we’ve listed several options for you so that you can make an informed decision. We invite you to search our search engine to check out all of the different options available to you. Commercial mortgages can be used for the following: Shopping […]