Commercial Mortgage Loan
The real estate industry involves more than just properties with residential purposes in mind. Instead, those with business purposes are as valuable as any other and even a better investment, which has led many investors to go for commercial mortgage loans to get them rather than usual properties.
One of the reasons many people are able to invest and use their savings in different businesses is due to the possibility of obtaining a loan nowadays. A few years ago—and even now—, most investors with a resolution in starting a business or contributing to the growth of one had to rely on banks and similar institutions.
This wouldn’t be bad if it wasn’t so difficult to have a loan approved that can cover all the amount required for the investment. But instead, obtaining a loan from a bank, insurance, and other entities just became more difficult over the years.
Since these institutions have to follow regulations, laws, and extra requirements, they aren’t able to approve most of the loans requested by real estate investors or any other person. As a result, this is what happens when you are in the real estate industry:
- You have to use your own capital every time you decide to invest.
- You’re unable to move forward in your career due to monetary limitations.
- You usually lose opportunities since the money isn’t available as soon as possible.
When you consider this as a real estate investor in general but mostly, as someone who is solely looking for an investment for business purposes, you know you can’t lose time and opportunities. This is why commercial mortgage loans became crucial and essential for any investor that wants to build a career and be able to go for bigger investments over time.
Our team at Commercial Real Estate Loan Pros of West Palm Beach is able to offer you the loans you need to invest in commercial real estate property. We know the investment or amount of money required for these projects is higher than real estate with residential purposes—at least, most of the time. This is why we have created options for any investor to obtain the amount required without too many requirements, conditions, and in only a matter of days.
What are the differences between commercial and traditional mortgage loans?
Traditional loans are aimed at residential purposes and mostly, individuals. Since the real estate industry isn’t only for individual investors but also for other companies and businesses, covering their needs in terms of money and resources is crucial.
Here’s where the main difference between both types of loans comes forward: commercial ones are only for businesses interested in acquiring a property or improving and making additions to an existing one. Owning a business and managing it isn’t cheap but rather the opposite. Therefore, the need of having enough monetary resources for it isn’t a secret for anyone but it is indeed a struggle.
Most companies or businesses aimed for banks, insurance companies, pension funds, and other institutions to be able to house themselves and enhance their spaces. However, it isn’t any easier or faster for commercial real estate investors to acquire loans compared to those looking for residential purposes. It is quite the opposite. Since commercial investment involves larger amounts of money, the probabilities of having a loan approved are reduced either because the lender doesn’t consider it a good investment or it is an illogical and absurd amount.
This led commercial real estate investors to rely on other options that didn’t involve the typical requirements, at least 90 days to know if the loan was approved or not nor deal with high-interest rates banks and other institutions asked in return. The commercial mortgage loan you need can also be acquired from private companies and investors in the real estate industry.
The team at Commercial Real Estate Loan Pros of West Palm Beach understands how serious and important a loan can be for any business, which is why we have included this service for you and anyone who needs it. The main goal for the loan is to own your business premises, which will save you a lot of money in rental charges, and instead, use that for other investments that bring value to the company. We want you to achieve these goals by having a reliable source from where you can apply for the loan without many requirements and obtain a reply within a few days.
Benefits of a commercial mortgage loan
Unlike other private or traditional loans, commercial ones aim for long-term benefits since you have more time to pay them. What does this mean? That you don’t have to be in a hurry for the next 1 or 2 years to pay for the loan. Instead, you can find options that leave you up to 20 years to pay for it depending on the conditions established by the lender—us, in this case.
This brings a huge advantage to your business since you can either use it to finally own your premises or finance extra elements and additions that were missing in your commercial property. With that said, most of the benefits focus on the future of the business or how you can make it a passive income for you. After all, commercial mortgage loans are for either a business that is aiming to invest in itself, or for those that want to acquire commercial properties for rental purposes, purchasing a company, or improving already owned buildings.
You can obtain large amounts of money for your investment for different reasons and purposes as long as the main one is a commercial one. Having us as your lenders for this type of loan will bring more benefits since we won’t ask you to provide a bunch of documents and meet requirements. We have our conditions and terms, but they are based on the needs of your investment and the property you will use it for. Therefore, they vary and go according to the borrower’s needs and reasons why a commercial mortgage loan is required.
Also, our interest rates are higher compared to residential mortgages but much lower compared to any other commercial loan you could access from a bank, insurance, or other private investors and companies. Going for this option will bring you a lot of benefits, so don’t even doubt to apply for it and start your real estate investment with a commercial property owned by you or someone else.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.
We service all counties and cities throughout South Florida. However, if you need any of these services in other cities throughout the state of Florida, please contact us. See what services we offer below: