Business Loans, Financing, and Lines of Credit up to $5 Million
From retail to REITs, our team of industry-leading experts combines a wealth of knowledge with an innovative approach to ensure your needs are met throughout our process. Regardless of the asset class, you’re looking to invest in; you’ll receive our undivided attention. When you invest with us, we invest in you, which leads to long–term relationships—and success.
HOW IT WORKS
Lenders consider commercial real estate loans to be a long-term investment; therefore, the repayment term will be lengthy. This type of loan believed to be an ideal piece of collateral because it will be worth more over time. In which case, lenders are more willing to give longer payment terms. This means that the usual real estate loan term will stretch out to as long as 25 years.
Because lenders feel that longer repayment terms are riskier, they will want to know you’re historically a trustworthy borrower before extending the loan. Lenders will look to your personal and business credit score to determine the term length of the loan. Therefore, the higher your credit score is, the longer the commercial real estate loan term will be accessible.
There are many different types of commercial real estate loans available. For Example, SBA CDC/504 Commercial Real Estate Loan Terms, SBA 7(a) Commercial Real Estate Loan Terms, Bank Commercial Real Estate Loan Terms, Commercial Bridge Real Estate Loan Terms, and Hard Money Commercial Real Estate Loan Terms. Here at Sutton Funding, we are committed to giving you the right loan.
Voided Business Check
Profit & Loss Statement
Business Tax Returns
Personal Tax Returns
Business Debt Schedule
- Low Down Payment
- Long Payment Term
- Competitive Interest Rates
- Lengthy Paperwork
- Longer Approval Times
Factors that will influence what type of loan you qualify for include down payment, real estate value, and size of loan, repayment structure, your credit scores, and your business credentials. Therefore, when thinking about what type of commercial real estate loan you want to keep in mind two things; lower monthly payments will require a more extended loan and a lower total interest but will need a shorter loan term.