
Commercial Mortgages
Commerical Mortgages are all about the numbers!
- How little can I put down?
- How much can I control?
- What is my return on investment?
- What is my cashflow?
You could go to a local bank and put down 20-30% of your purchase. Maybe refinance 70% to a maximum of 80% of the value of your property for cash out. For this privilege you get to provide every document generated about your finances for the past 3+ years. You also get to justify your property and it's benefits to someone who has probably never owned a commercial property or business in their life.
You could go to a residential mortgage company that dabbles in commercial loans. Most residential mortgage companies have begun originating commercial loans as their residential volume drops. They have the right idea but not the experience. To be proficient in any business, especially such a complicated business as commercial mortgage financing, you need to be performing that business every day. You need to understand the available programs, you need to have the wholesale relationships that can get your clients what they deserve.
Your best option is to call Sensible Mortgage Solutions Corporation and speak with a Commercial Mortgage Specialist. Yes, I did say specialist. Every Commercial Mortgage Consultant at Sensible Mortgage Solutions Corporation focuses on commercial loans. They do not dabble or practice on you. In fact, every Commercial Mortgage Consultant at Sensible Mortgage Solutions Corporation owns commercial properties themselves or owns a business. We not only have our focus on what you need but valuable experience.
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