The Best Place to Secure Commercial Real Estate Loans for Your Business
What are Commercial Real Estate Loans?
As a business owner, you know just how important your physical space is to your company’s overall success. Whether you’re just starting out in your business endeavor or are hoping to expand from your company’s current location, a commercial real estate loan can get you the funding you need to purchase your ideal commercial property.
These loans are unlike most other forms of business loans as they more closely resemble a traditional mortgage. You’ll find that most commercial real estate loans will require the space to be owner-occupied, which means that your business will need to occupy at least 51% of the property.
You can use a commercial real estate loan to finance nearly every type of business including office space, hotels, restaurants, shops, industrial space, and trucking retail centers.
How is the Loan Repaid?
Commercial real estate loans are typically repaid in installment payments over a predetermined period of time. The terms of these loans can vary widely. Some terms may be as short as five years, while others may be as long as 20 years. Longer terms typically mean smaller monthly payments and lower interest rates, but higher fees altogether in the long term. Down payment requirements vary as well, with requirements ranging anywhere from 10% to 50%.
The fees and commercial mortgage rates for these loans are usually higher on commercial properties than they are on residential loans. Fees often include the loan application, an appraisal, and loan origination. Some of these fees will need to be paid upfront while others will become a part of the total loan.
Different Types of Loans for Different Business Needs
There are different types of commercial real estate loans for different funding needs. Some of these options include:
- Traditional Commercial Real Estate Loans: This is the most common form of a commercial real estate loan and closely resembles a residential mortgage.
- SBA 7(a) Loan: The Small Business Administration offers funding to small businesses that are just starting out or are in a phase of expansion. These loans can be used to purchase land, buy a building, renovate an existing property, or construct a new building. Business owners can borrow up to $5 million and the loans are totally amortized.
- Commercial Bridge Loan: Bridge loans are a type of short-term loan that can be used for property expenses until a less expensive and more permanent form of commercial property funding is secured.
Wondering what type of commercial property loan is best for your business? These types of loans, among others, may be exactly what your business needs. Contact us today at 888-782-0348 to speak with a financial advisor and have all your commercial lending questions answered, or you can easily apply here!
Who Qualifies for Commercial Real Estate Loans?
Unlike a residential mortgage, a commercial real estate loan is typically given to business entities. These can include trusts, limited partnerships, corporations, and developers. If your business entity doesn’t have a credit history or financial record, you may be required to personally guarantee the loan as the owner. This allows the lender to recover their losses if the loan is not paid in accordance with the terms of the commercial loan agreement.
A Flexible Business Funding Option for All Businesses
Commercial real estate loans give you the chance to own your property and take control of a key element of your business. The freedom of owning your own commercial property means your business can grow and thrive for years to come, freeing you from the stress of working with a landlord. Plus, our trusted commercial real estate lenders offer the best rates and terms, meaning you’ll minimize the negative impact on your cash flow throughout the process.
The Advantages of a Commercial Real Estate Loan
Owning a business can be stressful, and some of that stress inevitably comes from paying for and maintaining your company’s physical space.
When you rent your space, you’re at the mercy of a landlord.You pay them for use of the space and that rent can increase. You also rely on them for building maintenance and upkeep – leaving many aspects of the space out of your control.
But with a commercial real estate loan for owning your own space you’ll:
- Own and control your physical location – renovate and make changes as you see fit without waiting for your landlord’s approval
- Add to company assets
- Have fixed rates, so you know exactly what your costs will be every month
- Potentially be eligible for tax breaks and expense deductions for your mortgage interest
- Fixed-term loan means you can avoid the cycle of open-ended borrowing
Applying for Commercial Real Estate Loans is Easy with Your FundingTree
When you make the decision to purchase property for your business, your first thought is likely to head to the bank for a loan. And while you’ll find that most banks do offer commercial real estate loans, you also know that you need to shop around for the best rates and terms to make the most of your money.
And shopping around means consulting with multiple banks, filling out a handful of applications, and having too many back-and-forth phone calls and emails regarding the application funding process.
Don’t put it off another day, find your commercial real estate loan today!
Direct lenders are another popular option, but they tend to have less favorable terms and a more convoluted application process than do banks. Adding more options into the mix only means spending more time filling out applications and having conversations with lenders, and that’s wasted time you don’t have to spare.
After all, as a business owner, your time is one of your most valuable assets.
But with Your FundingTree, you can bypass the hassle of talking to multiple lenders and filling out all of their applications by filling out our one simple application. On our 90-second application, we’ll collect all the information we need to match you with the best lenders who provide commercial real estate loans and work with businesses in your industry.
Our Application is Always Free
Exploring commercial real estate loans and submitting an application is always a free service with Your FundingTree. We never charge you at any stage of the process and we don’t ask you for any payment information when you submit your application, so you don’t need to worry about surprise charges.
Just fill out our 90-second application to see the commercial real estate loan options that are available to your business. The proposals you receive will be from trusted lenders who have experience working with business owners who want to own their own commercial property, and you’ll get to review them all without ever making a payment.
Our Application Never Impacts Your Credit Score
Your FundingTree never collects personal information like your social security number or your date of birth when you submit an application. So we don’t have the information needed to run a personal credit check and your credit score will never be impacted when you explore your funding options. There’s no hard inquiry involved to see your proposals, and as a result, there’s no change to your credit score.
We Don’t Require You to Create an Account
We understand exactly how frustrating it is to create a new account every time you visit a new site. All it leads to is more usernames, more passwords, and more activation emails to keep track of. Because we want to keep things as simple as possible, we’ll never require you to register for a new account when you want to explore your funding proposals.
Our Application Only Takes 90-Seconds to Complete
As industry experts, we understand that you need a convenient and fast way to find commercial real estate funding options. That’s why we’ve developed an application that only takes 90-seconds to complete and comes with no obligations.
This quick application is the first step to securing the commercial real estate loan that’s ideal for your evolving business. The application will ask you to provide details about your industry, your business, and your desired loan amount. In just a couple of minutes, you will have completed the application, and we will take care of the rest.
There’s no need to spend your time calling every lender and bank in the city. We strive to keep the funding process as simple as possible so you don’t need to complicate the application process. When we do the legwork for you, it allows you to focus on all the other tasks you need to take care of as a business owner. All you need to do is apply and then pick your ideal commercial real estate loan proposal after we’ve matched you with potential lenders.
Get your commercial real estate loan today or you can visit here to learn about all the other types of business loans we offer!
Our Process is Simple
Securing a commercial real estate loan with Your FundingTree is easy. Here’s how it works.
Step 1: Complete the Application
It will only take you 90-seconds to complete our no-obligation application. Here, you’ll be able to provide all of the details we need to match you with lenders who work in your industry.
Step 2: We Match You With Commercial Property Lenders
As soon as you submit your application, one of our experienced financial advisors will get to work reviewing your information. They’ll identify lenders who provide commercial real estate loans to business owners in your industry so you can receive the best loan proposals possible.
Step 3: Weigh Your Options
You can expect to receive as many as five separate proposals from lenders who want to work with you so you can secure the best commercial real estate loan. Next, you’ll be able to review the rates and terms on each one and consult with your financial advisor about any questions or concerns you might have. We’re always here to help you find the best funding option!
Step 4: Choose Your Funding Source
Now, you can select the lender and proposal that best matches the funding needs of your business. After underwriting and approval, you may be able to start the funding process with your new lender the next business day, so you can be even closer to owning the property that your business needs to thrive.
Don’t delay; find the perfect lender for your commercial real estate loan today!
We are Business Owners’ Best Source for Commercial Property Loans
At Your FundingTree, banks and lenders compete against one another to earn your business for commercial real estate loans. That means they’ll be offering you the best interest rates, customer service, and terms available.
Nationwide broadcasters like ABC, CBS, NBC, and FOX, have recognized us for the services we provide to business owners across all industries. Plus, we currently hold an A+ rating with the Better Business Bureau, proving just how much our previous customers have appreciated what we were able to do for them.
The services provided by Your FundingTree are always free. We’ll never charge you to apply or for receiving your commercial real estate loan proposals. However, the rates and terms offered to you by various lenders are in no way controlled by Your FundingTree. These rates will be determined by the information you provide on your application along with any additional information you might send to a potential lender.
We always strive to match you with trusted commercial lending experts who offer business owners the best rates and terms on commercial property loans. All you need to do is apply to see what’s available to you!
Find Commercial Real Estate Loans Your Business Needs Today!
Whether you need commercial real estate financing for land, a new building, or to acquire an existing building, Your FundingTree can match you with trusted lenders who can offer you the best commercial property loans you need!
Complete our 90-second application to get started or call 888-782-0348 to speak with one of our commercial real estate financing advisors today!