Need a Commercial Loan?

First, think of the interest rate type and the repayment schedule There are two interest rate options that you can consider for your commercial mortgage loan. One is fixed Interest Rate. Here, the interest rate applied remains the same for a fixed period. The latter may or may not equal the length or the duration of your mortgage.

The advantage of a fixed rate loan is your interest rate and mortgage repayments are both fixed. They will not rise if the market rate rises. The disadvantage is you will not gain from any reduction in the interest rates.

The second type of commercial loan is a interest option. The Variable Interest Rate fluctuates in keeping with changes to the Bank Base Rate or LIBOR rate. As a result, the amounts of your payments also vary.

You can to start with get a lower interest rate on variable interest rate than on a fixed rate mortgage. The advantage of a variable rate mortgage is you save money if the market rate goes down. The disadvantage is the interest rate you pay may go up with the market rate.

Instead of raising funds by selling an interest in the property or the business, with the help of Commercial mortgage loan you can retain ownership. You retain the benefits of ownership in an asset, which has the potential to gain in value

Commercial Financing is underwritten on a case by case basis. Every loan application is unique and evaluated on its own merits. I can help you find the right loan for your project, with a wide range of loan programs to finance your commercial building or commercial remodeling projects.