A long-term commercial mortgage loan is a type of commercial loan for real estate investment or owner occupied properties. Loan terms can vary between 5 and 30 years while the amortization rate can extend longer than the term. Down payments can range from 20% to 40% or more of the property’s value. Some private commercial lenders might allow less than 20% for the down payment, but these are usually on a case by case basis.
Many traditional banks require certain restrictions for cash-out refinances on commercial real estate. We have several programs that allow for unrestricted cash-out with spectacular rates.
How To Get a Long-Term Commercial Mortgage Loan?
Obtaining a long-term commercial mortgage loan is easy when you depend on financial expertise to help navigate all of the options available. Simple Commercial Capital can help explore what financial support is right for you and your business and help guide you through all the documentation that is needed to get an approval. This partnership will help business owners and investors from making costly mistakes if left to do it on their own.