Financing for Commercial Properties

Commercial real estate refers to properties that are used for business purposes rather than residential purposes. It includes a wide range of property types such as office buildings, retail stores, industrial warehouses, hotels, shopping centers, and multifamily apartment buildings. Commercial real estate is distinct from residential real estate, which is used primarily for housing purposes.

Obtaining financing for commercial real estate properties can be a complex process. It often involves a combination of equity investment, debt financing, and collaboration with lenders or financial institutions. Different types of loans are available for commercial real estate financing. 

Commercial Mortgages: These loans are specifically designed for purchasing or refinancing commercial properties. They are typically secured by the property itself and may require a down payment ranging from 20% to 40% of the property's value.

Construction Loans: If you're planning to develop or renovate a commercial property, construction loans provide financing during the construction phase. These loans often have specific terms and disbursement schedules tied to project milestones.

Bridge Loans: Bridge loans provide short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. They can be useful when timing is critical or when a property needs renovation before qualifying for long-term financing.

Whether it be to acquire additional property, expand, or renovate, we are here to meet your financial needs.