With rent rates increasing every year, convert that expense into a future asset for your business
Commercial Real Estate not only gives your business a place to call home but allows you to use that new asset for future growth. Acquiring real estate is one of the few things that can not only dramatically improve your company’s cash flow but improve your company financials over time. There are also bridge mortgage financing for commercial properties which can be an option for borrowers looking to rehabilitate properties so they can rent them out or sell them for a profit, also known as fix and flip.
Similar to residential real estate, commercial real estate serves as a great asset to leverage with lenders to purchase additional properties in the future. Lenders offer a wide variety of loan terms for commercial real estate and the possibilities are almost endless.
Whether you are looking to acquire land for future development, purchasing an existing building, improving an existing building you already own, or looking to acquire an investment property to rent, we have lenders that can help you with financing.
Portfolio Real Estate Financing
Most lenders offer some variation of short term bridge financing to long term financing up to 30 years. A common mortgage term is a 5 or 10 year term with a 25 year amortization. Most commonly the rate is fixed for first 5 years and variable for the rest of the term. Once you reach the end of the term, the remaining balance would be due which causes the final payment to “balloon”. At this point, the owner will have to either refinance the mortgage again for another term or pay it all off.
Financing With SBA Guarantee
For businesses looking to acquire real estate that it operates out of (or will operate out of), the SBA has their 504 mortgage program. This program can offer up to a 25 year mortgage with the mortgage being fully amortized over those 25 years. A great benefit of this program is that a portion of the interest rate is fixed for the life of the mortgage through financing with a community development organization. This program is also great if you want to construct your building from the ground up and your business will occupy the majority of the building space.
At Benefit Mortgage Inc we pride ourselves in Working Hard For Your Benefit!TM. We are dedicated to helping business owners find the right lender that will finance their commercial building. Benefit Mortgage Inc is here to help you every step of the way to make the financing process as seamless and stress free as possible so you can focus on growing your business.
Want to learn more? Contact us today or call us at 239-766-0189.
NMLS #2160072 (Click here to access Consumer NMLS)
