Do you want to purchase a commercial property? Are you having exciting plans of investing in a new property?
If
yes, then it’s the perfect time for you to get some knowledge about commercial real estate loan market.
Commercial real estate loans are perfectly
secured by the liens. These are common
for owner-occupied properties and are basically used to aid financially for the
manufacturing, development and complex construction of a property.
Commercial
loans are either intermediate term or long term. Under intermediate term, these
loans last for 3years or less. Under long term, these loans last for 5-20
years. You can choose to pay smaller amounts throughout the entire term.
To
get this loan, you need a full-fledged and highly detailed venture plan. This
will prove the costumer that your business plan is worth the time and risk.
Under
SBA 7(a) type of commercial loan, you can use this loan to refinance or buy
property up to worth $5 million. If you
have got 2 years of stable cash coming and credit score above 680, then the
down payment for you can be waived off. Also, this loan is restricted to
businesses that’s working for >3 years but still come under particular
revenue frequencies.
Conclusion
Businesses
interested in Commercial Real Estate loans
under $5 million can get in touch with JBN capital.
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