Business / Commercial Loans
Perfect for business owners who have plans to expand or renovate. Commercial real estate lending helps business owners finance the purchase or renovation of commercial property, such as office/apartment buildings, hotels, restaurants, retail and shopping centers, and industrial buildings. When you want to grow real estate that is not residential, this is the loan for you.
Intro to Business / Commercial Loans
At Loan Vault we realize not all loans are for residences. When you want a company that understands the best rates and policies for business and commercial endeavors, you come to us.
What is a Business / Commercial loan?
Commercial mortgages are medium to long-term loans that can be used to fund the purchase of business premises, or to buy an existing business. Commercial mortgages can also be used to release capital from an existing building, which can be invested back into your business. They also can be used to buy an investment property that can be rented or leased to another business. They allow you to buy your perfect property to kick start your earnings.
These loans have:
- Down payments that typically range from 10% to 30%
- Repayment terms as short as five years and as long as 25
- Ability to purchase large commercial and business properties
Is a Business / Commercial Loan Right For You?
Requirements (one or more of the following) to keep in mind when considering business / commercial loans:
- Credit score of above 660
- Plan to use a majority of the property being financed for your own business
- DSCR of 1.25 or higherÂ