#1 Commercial Real Estate Loans in Fort Myers
The Commercial Real Estate Loan Pros of Fort Myers is a full-service commercial real estate financing company. Our professionals help business entities in finding the right loan type and the right lender who offers everything you need. If you’re anywhere in Lee County, reach out mow!
Commercial real estate loans: These loans let businesses purchase or renovate commercial properties. Such loans are meant for businesses and not for individuals. The terms and rates of the loan are defined by what property is being financed and what the lender is. For example, down payment on commercial property can vary from 10% to 50 %. The repayment terms can be for a small duration, such as five years or up to 25 years.
Commercial and industrial loans: Most of the loans issued for business purposes are commercial and industrial loans. These loans are usually short-term and are secured by collateral. These loans are growing day by day as more businesses are taking the advantage of easy approval. Our company can help you find the right lender in no time. So, connect with us now.
Multifamily loans: A multifamily is a residence that accommodates more than one family. Short-term multifamily financing is supposed to finance properties in good condition or cover home renovation projects. The maximum amount of money that is involved is not much as it is a short-term loan. The time period can range from 6 to 36 months. For traditional multifamily financing, conventional mortgage loans can also be considered. They can range from 15 to 30 years.
Mixed-use loans: These loans can be both short-term and long-term, extending up to a time frame of about 30 years. It aids real estate builders in investing in mixed-use buildings. Any building with at least 2 units of different zoning qualifies for mixed-use loans. Mixed-use loans can be of the following types:
- Government-backed mixed-use loan: Loan up to $14 million for 30 years.
- Commercial mixed-use loan: up to $20 million for 15 to 30 years
- Short-term mixed-use loan: up to $20 million with terms between 6 months to 6 years.
Construction loan: these loans are for a time period of about three years. They are intended to finance a residential or commercial area construction. They cover the cost of land development and construction of the building as well. They have higher interest rates and are secured by the property they finance. To show a good credit record, the person taking the money should have about 20% of the total expense. Commercial
Private money loans: These loans are quite different from traditional loans from big banks. For these loans, the borrower does not need to depend on credit to secure a loan. These loans are driven by the underlying value of the subject property.
Hard money loans: These loans value the property, which is kept as collateral. Therefore, the funding time frame is also shorter. The approval process for these loans is also quick.
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Commercial Real Estate Loan Pros of Fort Myers is there in Fort Myers, Florida (FL) to help you with all your commercial real estate loans. So, contact us now!
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.