California Commercial Real Estate Loan Brokers
Commercial Real Estate Loan Brokers help businesses and investors obtain or refinance commercial real estate. Commercial real estate loan broker will be able to offer their client with many commercial property financing options. These primarily include SBA real estate loans, conventional real estate loans, balloon mortgages, refinancing a mortgage, construction loans and other options.
Commercial real estate is used solely for business (rather than residential) purposes. Examples include retail and shopping centers, office buildings, motels, hotels, etc.. Financing—including the acquisition, development and construction of these properties—is typically accomplished through commercial real estate loans secured by liens on the commercial property.
Commercial real estate loan brokers network with banks and independent lenders who specialize in commercial real estate. Additionally, the U.S. Small Business Administration’s (SBA) 504 Loan program and the SBA 7(a) Loan program provide the undergirding for capital used in US commercial real estate transactions.
Commercial real estate loan brokers will typically explore their lending network to find the most attractive loan options to meet their client’s interests. Borrowers tend to be business entities (i.e. corporations, limited-liability companies, etc.). When a business entity does not have a financial track record or credit rating, the lender will then loan to the business’ loan guarantor which is an individual or group of individuals. The lender is interested in assuring that they have a means of recovering their loan in case of default.
Commercial property loans are typically amortized over 20 years. The loan can be coupled with a business acquisition. Down payments will range between 10-25% depending on the borrower’s credit-worthiness, the value of the assets, loan terms, etc.
For more information regarding securing a commercial real estate loan, contact Mission Peak Brokers. As highly experienced commercial real estate loan brokers, Mission Peak Brokers can help you explore lending options that are right for you. We will source the right loan through our vast lender network to find the right match that meets with your goals and objectives.