Fixed Rate Commercial Mortgage Loan Application
The Benefits of Securing a Fixed Rate Commercial Mortgage Loan
Long-term fixed rate business loans are still very viable options and readily available. This type of financing is structured with fixed interest rates that range from 5, 10, to perhaps 30 years. The 30 year commercial fixed rate loan offered by Capital Direct Funding is very similar in rate and amortization schedule to a 30 year residential fixed rate loan. You will also get fees and interest rates that are very competitive.
Securing a commercial fixed rate mortgage will make the planning and budgeting of your business much easier. A commercial fixed rate mortgage from Capital will have an interest rate and repayment plan that is fixed and constant for the duration of the loan, offering stability in budgeting and planning for your business during an increasingly fluctuating market.
It is critical to your success that you to be able to predict your exact expenses each and every year. Loans with fluctuating interest rates can be difficult to manage, causing you to pay more in interest and fees than originally anticipated.
Types of properties may include: Apartments, Multi-Family, Anchored Retail, Unanchored Retail, Hotels and Motels, Commercial Office Buildings, Self-Storage Properties, Light-Industrial Complexes, and more.
Some additional things for you to consider include: Assumption, prepayment, amortization, and liability. These will all be thoroughly and completely explained to you by one of our knowledgeable lending agents.
If you have questions, you can contact us here or call 1-877-273-7823