Talk to Marc Shenkman of Priority Financial network for your commercial loans of Calabasas questions.
How does a commercial loan differ from a residential mortgage?
The biggest difference is that the collateral used to secure a commercial loan is for a Commercial Building or Business Real Estate instead of a Residential property. Loans in this case are typically taken out on behalf of a business instead of an individual borrower. It’s also a more complex mortgage to navigate, involving several factors that are weighed up to determine the creditworthiness of the borrowing business.
Let Marc Shenkman guide you through this process. He will make sure that you stay focused on the two most important factors of the Commercial Loan process, including your interest rate, and your loan repayment schedule.
How do commercial loan interest rates work?
Most commercial loans are a fixed rate, meaning you have the security of knowing that your payments stay the same even if interest rates grow. However, some borrowers opt for a Variable interest rate to take advantage of lower initial payments, which is great for new and established small businesses.
How do loan repayment schedules work?
Most commercial loans require what is called a balloon payment at some point during the loan term. That is, after making small monthly repayments for a certain period of time, the borrower must pay the remainder in one large sum. Marc Shenkman will help you navigate the waters to make sure your Loan Repayment Schedules makes sense for your business in the long term.
Talk to Marc today about the amazing opportunity to grow your business through taking out a Commercial Loan through Priority Financial Network. He will guide you every step of the way and customize a commercial mortgage solution that works for your business. Schedule your free Commercial Loan consultation by calling (818) 936-3888 or by filling out our convenient “Call Me” form and we will be in touch with you upon receipt.