In the current economic status, so many people are refinancing their commercial mortgages. This is because businesses or commercial entities see it as an avenue to clear their current loan and get some financial freedom while others see it as a chance to inject the money into new projects that will probably generate additional...
If you have ever searched for a commercial loan, you might have come across two different types of loans, secured and unsecured loans. Unsecured loans often come with a higher interest rate, but they work without collateral. Secured loans need collateral to reduce the lender’s risk, and borrowers need to pay a lower interest rate...
Applying for a commercial mortgage can be a frustrating and stressful exercise, especially when dealing with traditional banks still gun-shy so many years after the leverage crisis that triggered the 2007 big national recession. Can I get a mortgage for a commercial property? According to the Mortgage Bankers Association’s newly released 2019 Commercial Real Estate...
A construction loan is more specific type of a loan designed for construction that has interests reserves, and the repayment ability is accomplished when the project is built. The loan enables a new home to be built through a duration of construction itself. Once you have secured your loan, the money lender will be paying...
