Best Commercial Real Estate Loan in Lauderdale Lakes, FL
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Commercial Real Estate Loans
Commercial real estate credit is used to fund the construction of income-producing properties, refinance and restructure existing real estate financing, and purchase unpaid or non-performing loans (NPLs). The bulk of real estate debt is used to support new real estate investment/acquisition or to refinance existing facilities, with land development and unsecured real estate lending accounting for the rest of it.
Commercial industrial loans
You can get a mortgage to buy a commercial property, just like you can get a mortgage to buy a residential house. Commercial real estate loans may be used by businesses to purchase or renovate the property and to repay it with a deposit. The majority of commercial real estate loans include the owner-occupied property to guarantee that the business has to fill at least 51% of the space. Borrowers would instead look at the investment property debt where the property is not the majority owner-occupied.
Mixed-Use Loans
Mixed-use land financing concerns properties with a number of units within an area for a variety of purposes, such as residential, industrial, manufacturing, and educational. Almost any structure of at least two distinct types of units provides for mixed-use financing.
A mixed-use loan may be used by the owners of companies and developers of real estate. Company managers can also stay in one of the residential units and operate out of the business space, with real estate developers serving as both residential and commercial owners.
Multi-family loans
Short-term and long-term commercial multi-family loans are available for the construction, purchase, or rehabilitation of multi-family real estate with five or more units. Loans usually start at around $500,000 and continue up to tens of millions of dollars. Depending on the loan plan, interest rates, time rates, loan limitations, and down payment terms can also vary. Talk to Commercial Real Estate Loan Pros of Fort Lauderdale in Lauderdale Lakes for an alternative customized to your needs.
Private Money Loans
A loan granted to a person or corporation by a private institution or even a wealthier individual is referred to as a private money loan or a private loan. A private money lender is a name given to an organization or an entity. Private money is usually distributed to creditors without the normal certification requirements that a bank or a lending agency would be able to impose.
Hard Money Loans
A hard money loan, also known as a bridge loan, is a short-term loan that is utilized until the person or business obtains a permanent loan or pays off the debt by selling the land. Hard-money loans have higher interest rates and are written for a shorter period of time than conventional or bank loans. Hard money or bridge loans normally last 12 to 18 months.
Construction Loans
Building loans are critical when it comes to beginning or increasing the size of a business. Any corporation has an office area, but whether you’re building a new space or remodeling an existing one, it’s expensive to build. Commercial construction loans are tailored to help you cover certain bills to get the business up and running.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.
We service all counties and cities throughout South Florida. However, if you need any of these services in other cities throughout the state of Florida, please contact us. See what services we offer below: