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FAQ - What Commercial Real Estate Loans Are For Small Business?
Didier Malagies • Mar 16, 2022
Commercial real estate loans are a lot like a residential mortgage. However, the programs, terms, and types vary.
In general, a commercial real estate loan is money that you borrow from a lender to buy real estate for your business and pay back with interest. Here's what to expect and how to get what you need.
There are many types of commercial real estate loans. Each type of loan has its own list of benefits and eligibility requirements. To choose the right one, consider the requirements of your business, which type of property you're investing in, and what kind of loan features you prefer. Below are the most common commercial loans.
For detailed information about each loan type, visit our commercial programs page.
Remember, commercial real estate loans help business owners purchase, build, or renovate property. These loans are typically secured by the property itself, which can be either a commercial or residential rental unit. However, these loans maybe secured by other business assets depending on the loan type.
For more information about what loan is best for you, talk to one of our commercial experts. Call (727) 784-5555. Or ask a question using the form below.
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If you need working capital for your business, you’ve come to the right place. We can get you up to $150,000 in financing in as little as 2 weeks. And unlike traditional banks and other lenders, we are here to help you throughout the process to make sure you get funded. Our program is designed to give businesses like yours access to cash when they need it most. The best part? There is no cash flow analysis, no debt refi, no equipment requirement - just working capital. You can get 30% of your top line, gross revenue from your last tax returns. To qualify for the loan you will need: To be self-employed for 2 years. Have a 680 FICO score or higher. Have a 155 biz score or higher. Access to working capital can help your business in many ways: Working capital loans can help with covering payroll. Some businesses have cash flow problems because they have to pay their employees before they get paid. This can be a problem for startups, especially if the business owner is also an employee. Working capital loans can help you cover payroll and other expenses until you receive payment from clients. Working capital loans can help with buying inventory. The cost of inventory is one of the biggest expenses for most businesses. Working capital loans can help you buy inventory quickly and easily so that you don't have to wait for your customers to pay their bills before they can receive it. Working capital loans can help with rent and building expenses. Rent and building expenses are ongoing costs that must be paid every month regardless of whether or not there have been any sales in that month. Working capital loans help businesses pay these bills on time so that they don't fall behind. There is no obligation to start the lending processes. Just an obligation to yourself to figure out what's best for you. Find out more about how much you can borrow to help you finance your working capital! Complete the form below and one of our advisors will reach out to you. Or, give us a call at (727) 784-5555 and we will be happy to answer all of your questions.
The process of seeking a commercial loan in Florida can be overwhelming.
For doggy daycare owners and buyers, there are two main types of Government Subsidized Loans that can help you buy or grow your business .
The Small Business Administration (SBA) 504 loan is a long-term financing tool for growing small businesses.
The Small Business Administration (SBA) 504 loan is a long-term financing tool for growing small businesses.
Tax season is a great time to take stock of your company's financial situation and look ahead to the next year.
As a business owner, you need to know why commercial loans are important, how it works, and what is available to you.
Commercial real estate loans are similar to residential mortgages, but they usually require a shorter repayment period and a higher down payment.
For small business owners, there are three main types of commercial real estate loans: conventional commercial loans, SBA 7(a) loans and SBA 504 loans.
Check out our other helpful videos to learn more about credit and residential mortgages.
Mortgage brokers are intermediaries between borrowers and lenders, offering assistance in finding and securing mortgage loans. Here's what they typically provide: Access to Multiple Lenders: Mortgage brokers work with a variety of lenders, including banks, credit unions, and private lenders. This allows them to offer borrowers a range of options to suit their needs. Expertise and Guidance: Brokers have in-depth knowledge of the mortgage market, including various loan products, interest rates, and qualification requirements. They can provide personalized advice based on your financial situation and goals. Loan Comparison and Selection: Brokers analyze your financial profile and help you identify mortgage options that align with your needs and preferences. They can compare loan terms, interest rates, and fees from different lenders to find the most suitable option for you. Application Assistance: Brokers assist with the mortgage application process, helping you gather necessary documentation and complete paperwork accurately and efficiently. Negotiation: Brokers negotiate with lenders on your behalf to secure favorable terms, including interest rates, loan terms, and closing costs. Streamlined Process: Working with a broker can streamline the mortgage process, saving you time and effort by handling much of the legwork involved in securing a loan. Continued Support: Even after your mortgage is approved, brokers can provide ongoing support and assistance, answering questions and addressing any concerns that may arise. Overall, mortgage brokers offer a valuable service by simplifying the mortgage process, providing expertise, and helping borrowers find the best possible loan options for their individual circumstances. tune in and learn https://www.ddamortgage.com/blog Di dier Malagies nmls#212566 DDA Mortgage nmls#324329
U.S. home prices continued to climb in March as a persistent shortage of homes for sale helped to buoy the housing market, according to the Intercontinental Exchange (ICE) Home Price Index. And while prospective homebuyers cope with the challenges of rising housing unaffordability, existing homeowners are reaping the benefits of historically strong price gains. Nationwide equity on mortgaged homes soared to a record $16.9 trillion in the first quarter of 2024, with $11 trillion available for leverage while maintaining a 20% equity cushion — also an all-time high. The ICE index showed that home prices increased by a seasonally adjusted 0.42% month over month in March, marking the third consecutive month of above-average price gains, although this was a slight pullback from February’s 0.58% increase. On an annual basis, home price growth eased slightly in March to 5.6%, below the upwardly revised gain of 6% in February. “The recent trend of rising interest rates has dampened homebuyer demand and allowed the inventory of homes for sale to improve,” Andy Walden, ICE’s vice president of enterprise research strategy, said in a statement. “We’re still very much in a hole from an inventory perspective, but that deficit has fallen from 50% a year ago to 38% in March. Today, with 3.3 months of supply, inventory is still historically low and indicative of a seller’s market. This is helping to keep home price growth resilient even though
There are two main types of FHA 203(k) loans: Standard 203(k) Loan: This is for more extensive renovations and repairs, including structural changes and repairs that exceed $35,000. The loan amount is based on the projected value of the property after the renovations. Limited 203(k) Loan: This is for less extensive renovations and repairs, typically costing less than $35,000. It's often used for cosmetic improvements, such as updating kitchens or bathrooms. Some key points about FHA 203(k) loans: They require a down payment of at least 3.5%. The property being renovated must be a primary residence. Borrowers must work with an FHA-approved 203(k) consultant. There are specific eligibility requirements and guidelines for the types of renovations and repairs that can be financed. Overall, FHA 203(k) loans can be a helpful option for buyers and homeowners looking to finance home improvements, but it's essential to understand the requirements and limitations of the program before applying. Tune in and learn https://www.ddamortgage.com/blog Didier Malagies nmls#212566 DDA Mortgage nmls#324329
