Real Estate loans
Whenever you need to acquire new property, a real estate loan can turn the plan into a realty. Purchasing real estate usually means some sort of expansion. Our loan brokers can help you sort through these exciting times by giving you the best loan option to match your business’s needs.
What are Real Estate Loans?
Real estate loans help your business upgrade its current real estate holdings and/or acquire more property. These loans serve two purposes. The first type of real estate loan helps you finance the cost of real estate acquisition, renovation or upgrade. This includes purchasing or renovating properties. Real estate loans also allow you to leverage your current real estate assets to open up additional funding. You can find real estate in several different forms, from short term to long term. Each specific type comes with a different interest rate, depending on the intended use and size of the loan. Most businesses use a real estate loan to acquire or fix property. But real estate loans can help your business handle expenses in a more flexible way.
You can use your current real estate assets to secure funding in the form of hard money and working capital loans. In this case, your real estate holdings act as collateral to secure the loan. You can get any number of loans secured against your real estate holdings, including long term and short term options. From here, you can use the acquired loan to finance any number of projects, from covering basic expenses to purchasing new equipment. Securing a loan with real estate typically does not require as high of a credit score. This can help your business build up credit when you pay back the loan as per its specifications.
Real Estate
From purchasing new property to renovations and even refinancing, a real estate loan can cover your needs. Our network of brokers can help you find the right kind of loan with the best interest rates available to your business.
Hard Money
Using real estate as collateral will help you secure a hard money loan. You can often get this type of funding quickly to cover expenses while waiting for long term financing approval. In addition to real estate, you can use other assets on hand such as equipment and other holdings.
Real Estate Loans
Have big advantages
- Specifically designed for purchasing real estate.
- Lower interest rates on secured loans.
- Short and long term options.
- Credit score and tax advantages.
FAQs
When to Avoid Real Estate Loans?
Tricky finances can make it difficult to secure a real estate loan. Additionally, failing to repay a loan can be detrimental to your business’s credit rating. This in turn makes it even more difficult to secure funding. Talk to one of our loan brokers to discover the financing options that will work best for you and your business.
Trouble Repaying?
Lenders want to see you succeed, since they literally invest in your success. Whenever you have trouble paying back your lender, reach out to them for additional options. They can help you avoid a default and can get you back on track to success.
Do I Need a Down Payment for a Real Estate Loan?
Down payments come with several financing benefits, including obtaining the loan and securing a good interest rate. Our loan brokers will get you in contact with a lender who will get the most out of your down payment.
What Financing Fits You?