Best Commercial Real Estate Loan in Miami, FL
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Commercial Real Estate Loans
Commercial real estate lending is used to support the development of the income-producing property, refinance and restructure current real estate financing, and buy delinquent or non-performing loans (NPLs). The bulk of real estate lending in Europe is used to fund new real estate investment/acquisition or to refinance current facilities, with property growth and unsecured real estate lending responsible for the majority of the remainder.
Commercial industrial loans
You can get a mortgage to purchase commercial property, in the same manner, you can get a mortgage to buy a home. Businesses may use Commercial real estate loans to acquire or renovate the property and repay it with a loan. The majority of commercial real estate loans demand that the property be owner-occupied, which ensures that the company must occupy at least 51 percent of the room. Borrowers will look at an investment property loan instead if the property would not be majority owner-occupied.
Mixed-Use Loans
Mixed-use property lending relates to properties with several units zoned for varying reasons, such as residential, commercial, manufacturing, and institutional. Almost any arrangement with at least two distinct forms of units allows for mixed-use financing.
A mixed-use property loan may be utilized by both company owners and real estate developers. Company owners frequently remain in one of the residential units and work out of the commercial space, with real estate developers acting as both the residential and commercial landlords.
Multi-family loans
Short-term and long-term commercial multifamily loans are eligible for the production, acquisition, or renovation of multifamily real estate with five or more units. Loans typically begin at about $500,000 and go up to tens of millions of dollars. Depending on the lending package, Interest rates, period rates, loan limits, and down payment conditions can also differ. Speak to Commercial Real Estate Loan Pros of Miami for an option that is tailored to your needs.
Private Money Loans
A loan given to a person or a company by a private entity or even a wealthy individual is referred to as a private money loan or private money. A private money lender is a name granted to the company or individual. Private money is normally allocated to borrowers without the normal certification criteria that a bank or lending entity might enforce.
Hard Money Loans
A hard money loan, also known as a “bridge loan,” is a short-term loan that is used before an individual or company obtains permanent credit or pays off the debt by selling the property. Hard-money loans have higher interest rates and are written over shorter amounts of time than traditional or bank loans. Hard-money or bridge loans usually last 12 to 18 months.
Construction Loans
When it comes to starting or growing a company, construction Loans are important. Any company requires an office room, so if you’re constructing a new space or remodeling a current one, construction is costly. Commercial building loans are customized to assist you with paying certain expenses and having your company up and running.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.
We service all counties and cities throughout South Florida. However, if you need any of these services in other cities throughout the state of Florida, please contact us. See what services we offer below: