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"Commercial Loans"
The Mortgage Guru is a specialist in commercial mortgages. The Mortgage Guru is a commercial real estate financing expert who will help you find and close commercial mortgages and commercial loans for all types of commercial real estate properties. Mortgage offers loan products for commercial real estate loans nationwide and has access to over 200 commercial lenders.
The Mortgage Guru is known for aggressively shopping financing requests to find the best commercial loan rates available on the marketplace. We have access to a proprietary software designed to locate the right commercial loan in just a few minutes, compare multiple offers quickly of over 200 wholesale lender, banks, or private lenders and deliver the results to you.
If you are looking for a commercial loan, The Mortgage Guru is dedicated to getting you the best quotes from both private and wholesale lenders. Commercial loans can be time consuming to find, especially if you are looking to get a few mortgage. Our expertise takes that all in hand and creates a whole new experience designed to enhance your search, provide you with immediate information and generally reshape the way you get crucial information about your loans.
For all your commercial loan requirements, simply complete our form and we will deliver you fast, accurate results. The Mortgage Guru is your first step to securing the commercial loans you need.
Commercial properties include: offices, apartment buildings, industrial buildings, retail, hotels, warehouses, shopping malls and more..
Listed below are the most common commercial property types.
Apartments/Multi-family:
Apartments or multi-family buildings are usually the first choice for new commercial investors. Apartment management and financing is very similar to residential, and so new investors feel more comfortable with them. In order for an apartment to be considered commercial property, it must have 5 or more units. There are numerous sub-types of apartments:
Mobile Home Parks:
Mobile home parks. Mobile Home parks are rated as 1 Star, 2 Star, 3 Star, 4 Star, and 5 Star. The Star ranking is based on the conditions and amenities of the park.
Retail Properties:
Retail properties are occupied by one or more tenants and the property is utilized for retail purposes.
A free standing retail, strip center with an anchor tenant is a well known commercial retail business such as a national chain store or regional department store strategically placed in a shopping center so as to generate the most amount of customers for all of the stores located in the shopping center. An Unanchored retail center is a center which is occupied by multiple tenants of which none are anchor tenants.
Office Buildings:
The different categories of offices include:
Mixed-Use:
These properties will be a combination of any of the above property types. A real estate development of mixed use properties, should be complementary to each other.
Healthcare Facilities:
These property types are nursing homes, congregate care and assisted living centers. Properties should be close to retail and community services.
Hotels/Resorts:
Hotels are characterized as either Full Service or Limited Service. Full Service Hotels can be further divided into Luxury, Upscale, Mid-scale, and Extended Stay hotels. Limited Service Hotels can be further divided into Mid-scale, Economy, Budget and Extended Stay. When considering hotel properties, the property should have a stable operational history. A property with a history of four or less years should be scrutinized. The minimum acceptable occupancy is usually 60%. Lenders also prefer franchise affiliated hotels with franchise agreements extending beyond the term of the proposed loan.
Industrial Properties:
These property types will have usage for industrial purposes only. Such as:
Self Storage:
Also is called Mini-Storage, it is used for personal storage for lease by consumers.
Other Types of Commercial Properties:
These property types are unique and the financing them can be more challenging. They include gas stations, oil change facilities, etc.
Thank you for visiting our website, home of the lowest mortgage rates for commercial, business and multi-unit apartment properties nationwide. Whether you need to finance an acquisition, reduce your current interest rate or pull some cash out through refinancing, we're here to help you. Be sure to contact us with any questions, or even get a same day quote, on your loan request!
P.S. If you are at all intimidated or unsure about the mortgage process if you don’t understand how to evaluate your options in getting a mortgage loan our 24 key questions will help you feel comfortable that you are making the best decisions. Also if you are in the process of refinancing your home with anyone, CALL ME and I will let you know if you are being offered the best loan option based on market conditions and your financial situation.
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