Does It Seem Difficult To Get An Interest Rate On a Commercial Mortgage?
I think some borrowers assume that getting a commercial mortgage interest rate is the same as shopping for a home lona interest rate.
Well it is not. In commercial real estate obtaining financing and getting an interest rate quote is different. In order to provide an interest rate quote for a commercial real estate loan, there is a lot of information that is needed about the property as well as the borrower. Cash flow analysis of the commercial property will be looked at closely by the lender before a letter of intent or an interest rate quote can be offered to the borrower.
So please when you call me, don't get frustrated, when I am not able to provide you with a quote right way. Commercial loans require a lot of analysis. These are big deals, and not something you just "shop". You need to find a qualified lender, like us, and allow us to do some research into your project. This will prevent declines and frustration in the future once your loan is officially submitted with a lender who is willing to finance or refinance your property.
We work quickly to provide you with the details and information you are seeking about your commercial real estate property.
We have hundred of lenders and investors that may be willing to loan you the money you need. We try hard to close deals in 30-60 days.
To speak perfectly honest with you... Your local banks only want to lend money to those who really don't need the money. They are very conservative lenders. Typically they will only lend money on commercial properties for a short amount of time like 5-7 years, then the note is due. if you even get approved for the loan in the first place.
We have the lenders ready to look at your deal right away. Just conact me now with the information. It's simple. I will ask you question, fax you an application and some additional forms. Fill them out completely and send them back to me. The moment I receive your paperwork... I go to work, for you.