If you need a commercial mortgage, we have many options to fit your budget and needs. Read on to learn more about commercial lending and how it can help you grow your business.
take the time to keep up, you may be lost when it comes time to consider
getting a commercial mortgage for
your next endeavor. The truth is that more people than ever are creating new
companies and running their own businesses. Moreover, many of these individuals
have never had to borrow money for business—unless you’re counting student
loans. But, all joking aside if this is your first-time “borrowing for
business” you may be surprised at all the things you just didn’t know.
institution was going to be your new best friend think again. Though you can
still count on these governmental mortgage institution for such commercial
properties as multifamily housing, if
you are not in the business of property management then you will more than likely not be dealing
with old’ Fannie or Freddie. Thus, the majority of commercial mortgage loans are brought to you by banks, insurance
companies and lenders. Here at Level 4 Funding, we have a specialized commercial mortgage team that can help with all of your commercial lending needs.
what happens next. Typically, before you reach out to a lender, bank or
insurance company for financial assistance with your commercial venture, you
should be clear on just how you are going to meet your future repayment terms
and you should be clear on how much you actually need to borrow. These are
important things to be clear on because your future commercial mortgage more than likely will be a nonrecourse loan
i.e. the bank or lender can take the property in the event of a default
(generally if you owe more than the value of the property at time of default,
your other assets cannot be seized with a nonrecourse loan.).
Things to consider when Borrowing for Business
Besides knowing how you are going to meet your repayment terms and how
much money you actually need to borrow, there are a few other important factors
to consider once you’ve set your sight one a few commercial lenders or banks
and they include:
Reputation and convenience
Interest rates and available programs
causing you hardship later down the road.
interested in changing your business’s financial outlook, then you definitely
should consider your possible commercial refinancing options. Remember you have
several options that can help your business bottom line. For instance, you may
have borrowed for business at a not-so-great interest rate; instead of kicking
yourself while you are down why not take advantage of a lower rate or even
switch to a fixed rate? Either of these
commercial refinancing options are great ways to reduce total loans cost. Moreover, there are several other commercial
refinancing options out there—all you have to do is ask your lender or broker
for more details.
Dennis Dahlberg Broker/RI/CEO/MLO
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701