Commercial Mortgage Refinancing
Need to refinance your commercial mortgage? There are currently over a trillion dollars of commercial mortgages and loans that are either adjustable rate loans or commercial loans with a balloon payment due. Because of the credit tightening guidelines of banks and lenders, many loans are being called due by lenders to enhance their balance sheets.
Even if your loan isn’t coming due soon, you may still be looking at a serious increase in your rate and payments. If this sounds like your situation, or if you have another reason to refinance, we have some great solutions for your commercial mortgage refinancing needs.
25 Years Fixed? 90% LTV? We Can Do It
Owner-occupied property owners can now refi their commercial loan with a SBA 504a refinance loan and borrow as much as 90% of the value of the property. Your business must oocupy at least 51% of the building to be eligible for the SBA 504 a refinance program. Repayment terms can be as long as 25 years fixed rate, so if you want to lock in some of lowest commercial loan rates in history now is a good time!
We also have solutions for refinancing non-owner occupied properties. Whether you are a developer or a real estate investor, our multiple sources of creative financing could make all the difference for you, your cash flow, and your business.
If you have a multi family or commercial loan that needs to be refinanced, we encourage you to give us a call at (586) 298-2276 or just fill out our simple online rate quote form and speed up the process of getting your commercial refinancing needs to be met.
Smart Rate Commercial Capital provides commercial loans, mortgages and financing for commercial property owners, real estate investors, and business owners at a time when most banks and lenders are not willing to close these loans. Don’t let the credit tightening policies of most lenders and the state of the current economy stop you from closing your deal!
We are located in the greater Detroit, MI area and love to do loans in Michigan, but we place commercial loans all over the country as well. For a complete list of the areas we serve and can do loans in, click here.
We look forward to helping you with your commercial capital needs. Complete our simple online rate quote form and a representative will call you within 24 hours to discuss your commercial financing and loan needs. You may also call us at (586) 298-2276.