Commercial Real Estate
Commercial Real-Estate Loans
There are several types of commercial real estate loans TBCL provides, including:
Permanent loans: These are long-term loans that are typically used to purchase or refinance commercial properties. They have fixed interest rates and amortization schedules.
Bridge loans: These are short-term loans that are used to bridge the gap between the purchase of a property and the obtaining of a permanent loan. They have higher interest rates than permanent loans.
- Construction loans: These loans are used to finance the construction of a commercial property. They have variable interest rates and are typically short-term.
- Mezzanine loans: These loans are a type of hybrid between debt and equity financing and are used to finance the purchase or renovation of a property. They have higher interest rates than permanent loans.
- SBA loans: These are government-guaranteed loans that are provided to small businesses to finance the purchase or renovation of commercial properties. They have lower interest rates and more favorable terms than traditional commercial loans.
- CMBS (Commercial Mortgage-Backed Securities) loans: These are loans that are securitized and sold as bonds in the capital markets. They are usually for larger properties and have lower rates than traditional commercial loans.
- Hard Money loans: These are short-term loans, usually for a period of 1-3 years, which are provided by private investors or companies. These loans are generally for properties that do not qualify for traditional financing and have higher interest rates than traditional loans.
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