Commercial Real Estate Loan

Borrowing money for a commercial real estate loan is different than getting a home loan in that the income-producing property is used solely for business purpose, not residential. Examples are retail shopping centers, office buildings, hotels, and other complexes.

Commercial Real Estate loans are made to business entities whose specific purpose is to own the commercial real estate. Usually these loans come with an amortization period that is longer than the term of the loan.

For Example: this means the borrower pays monthly payments calculated on a 30 year amortization schedule while the loan is actually due in 10 years. The borrower pays the monthly payments for the 10 years, then at the end of the 10 years, pays the remaining balance as a ballon payment.

We can also help you with Multi-Family financing if you are looking to buy income producing residential properties.