Commercial Property Loans are mortgage loans on commercial real estate. A loan on commercial real estate is most commonly used to purchase or renovate a building that will be owner-occupied. They usually will cost a business 1% up to 5%+ upfront. Then there is 5% to 12%+ owed per year in interest. If you are seeking a commercial mortgage, you are probably wanting to finance real estate for mixed-use, a retail center, or an office building.
As a business owner, why not purchase your property instead of leasing it? Owning the building could be the business owner’s best exit plan or retirement plan. A business finance consultant knows the ways of these lenders and has the contacts to secure financing for virtually any type of business needs.
Most business owners put all of their money back into their business. Over the years we have recommended our clients purchase their building. One client that did go ahead and purchase his building sold the business just a few years later but kept the building. He then rented the building to the new owner. This strategy provided this client a great retirement.
Patriot Business Finance Consultants can answer all your questions about commercial property loans. Contact us today to inquire. We are here to help you.