Lesson 3

Commercial Real Estate Loan Basics

Commercial real estate refers to any property that’s used for business purposes. This includes retail centers, offices, hotels, and apartments. If you can’t afford to purchase, construct, or renovate commercial real estate all on your own, that’s where commercial real estate loans—also called commercial mortgages—come in.

Banks, online lenders, insurance companies, pension funds, and private investors the main sources business owners tends to look to for commercial real estate loans.

Only the most creditworthy borrowers with established businesses are usually able to obtain bank loans (including SBA-guaranteed loans). Less creditworthy borrowers opt for hard money loans, which is a commercial real estate loan from a private lender.

Regardless of who your lender is, the property that you’re purchasing, building, or renovating will serve as collateral for the commercial real estate loan.

Since the real estate itself secures the loan, the details of the property will have a big impact on your eligibility for the loan and, most importantly, the commercial real estate rates you’re able to qualify for. That’s where this guide come in—we run through the ranges of commercial real estate interest rates attached to the most popular forms of commercial mortgages. For a wonderful comprehensive product sheet on different loan programs go to www.11capitalfinance.com

Lesson 4 tomorrow Tuesday Jan 22, 2019 

Want to learn more and see how folks are earning $3,000 to well over $10,000 per closed loan and how real estate investors are 10x income join a free weekly private conference call on the business.  Register here. https://app.acuityscheduling.com/schedule.php?owner=15100353&calendarID=1917180