Commercial Loans For Dummies

Owner-occupied commercial loans. Use your equity to remodel or expand your growing business. Your commercial property offers perks like tax breaks and stability from unexpected rent increases with a fixed-rate loan.

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Commercial Loans For Dummies In Macon Find Fast On the internet. Unlike residential loans, commercial real estate loans come with two types of terms: intermediate-term loans of 3 years or less and long-term loans that last for 5 to 20 years. Also, a commercial real estate loan might come as an amortized loan-the one you know well-or as a.

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Balloon Loans. When you are trying to get financed for a commercial real estate loan, you might also need to look at balloon loans. Balloon loans are commonly used for commercial real estate. With this type of loan, you will be making interest-only payments during the life of the loan.

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Commercial mortgage loans are a type of lending instrument that allows you to buy commercial property much like you would buy a house. Instead of the collateral being a house, the collateral is a commercial building or property. This type of loan program can be very beneficial to business owners.

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