Article Sphere Logo

Little Known Commercial Loan Puts Cash In Your Hand For Any Reason Fast and Easy

By Expert Author: Naomi Monk | View Article Summary
Word Count: 411 words | Views: 447 view(s)
Naomi Monk

Owning a commercial building such as an apartment complex, office building, retail center, business owner-occupied building and the like is a great investment that appreciates over time and can provide a constant source of monthly cash flow.

If you've got equity in your commercial building, it's a great source of cash at your fingertips, if you can get it out.  It's not as easy as it sounds if you don't work with the right commercial loan or commercial mortgage broker knowledgeable about your loan options.

Not all commercial loans and lenders are alike.  Some are very restrictive when it comes to how you plan to use the cash you receive from the refinance loan.

The good new is, there is a little known commercial loan that lets you obtain unlimited cash out for any reason.  There are no restrictions on how you use the money.  Need to make property improvements?  No problem.  Need to buy some new equipment for your business?  No problem.  Need some down payment money for another commercial property investment?  No problem.

In addition to no restrictions for unlimited cash out, all types of commercial properties are eligible.  These include multifamily or apartment buildings, mixed-use property, office, retail, self storage, warehouse and industrial buildings, mobile home parks, bed and breakfasts and other special use properties.

High loan-to-value ratios are acceptable.

Another great benefit this little known commercial mortgage offers is high loan-to-value ratios.  For example,  you can obtain a cash out refinance up to 90% on commercial real estate such as multifamily or apartment buildings, mixed-use property, a bed and breakfast, light industrial buildings, a mobile home park, office and retail buildings, self storage and warehouse buildings.

The loan to value adjusts to 80% if you own automotive related real estate, hotels with national franchise affiliation, funeral homes, an industrial building or rooming house.

Special use properties can still get cash out up to 75% loan to value.  These include day care and health care centers, restaurants, RV parks and independent hotel and motel properties.

If you need to get your hands on the extra cash fast, then you'll love the fact that these cash out commercial loans fund in just 30-45 days.  The application and underwriting process is hassle-free and you'll know in only 48-72 hours of application whether or not you qualify for the loan.

Stop the headaches.  Stop the hassles.  Start working with the right commercial loans and lenders and start getting the cash out you want for any reason using your commercial property equity.
About the Author/Author Bio

Naomi Monk has been helping clients with their real estate and loan needs for 20 years. Business owners and real estate investors can visit her commercial loan website to learn more about commercial loans, how to invest in the next hot real estate markets and apply for a commercial loan using a fast and easy online application that makes loan sources compete for your business.

Article Source: http://www.articlesphere.com/Article/Little-Known-Commercial-Loan-Puts-Cash-In-Your-Hand-For-Any-Reason-Fast-and-Easy/69590

Article Submitted: 2007-01-29 | This Article has been viewed 447 times.

Comments on this Article


More "Mortgages Refinance" Related Articles

 
 

Listed below are more articles related to the above article from the "Mortgages Refinance" article category.

People interested in the above article "Little Known Commercial Loan Puts Cash In Your Hand For Any Reason Fast and Easy" are also interested in the related articles listed below:

 
If you had to resort to a home mortgage to purchase your property, and you are in an advanced stage of repayment, thinking about a home mortgage refinancing may give you extra money to count within your monthly budget. Many times, after a while living in a property, there are certain repairs that happen to be done. A broken roof or old plumb cannot stay that way forever, but we are always thinking about something else that has to be paid first and we leave our properties to loose bright and value with the pass of the years.
Being as it is, increasingly difficult to pay off mortgage installments, more and more people are resorting to long term mortgages in an intent to reduce the amount of the monthly payments. If there is no other option for purchasing your own property there is no much to discuss. However, if it is possible to afford a shorter term mortgage it is wise to analyze the advantages and disadvantages of closing on a long term mortgage deal with your home loan lender.
Although banks love the lawyers whose services they can buy, either as government legislators, regulators, or law firms who will lie to courts about foreclosure cases, these same lenders rarely enjoy talking to the legal representative of a homeowner.
This weekend on the radio, there was an interesting discussion among a handful of financial and mortgage experts about the banking industry's current fascination with loan modification programs. The participants in the discussion came up with some very good points about the modifications that lenders are currently offering to homeowners in foreclosure trying to lower their monthly bills and how banks use attorneys to pursue foreclosure but do not want to deal with a homeowner's legal representation.
A "Jumbo" mortgage is defined as a loan that is too large to be bought by Freddie Mac or Fannie Mae. Depending on the state, limits range from just under $420,000 to $730,000. When the credit crisis was at its peak, jumbo mortgages were hard to find. Lenders looked at them as an unecessary risk and these mortgages were down 70 per cent in 2008 from prior years. Now that the dust has cleared, some companies are considering the jumbo mortgage market a new opportunity. As mortgage rates continue to drop, so do rates for 30-year jumbo mortgages.
The government and the President have a new plan to help homeowners out of foreclosure. We refer to it as the "Obama Plan". Many homeowners are hoping and praying for the best, but if history has shown us anything, we know it's always best to have a back up plan.
Over $9 million was deposited into an account controlled by Bell. This complex scheme resulted in charges to 24 co-conspirators for bank and wire fraud, money laundering and corrupt racketeering activity. They had participants from real estate, title insurance, appraisal and notary public.
 
Article Directory Home All Categories Finance Mortgages Refinance
 

Can't find what you're looking for? Try Google Search!
 
 
Copyright © 2005 - by Larry Lim, Singapore - Article Search Engine Directory at ArticleSphere.com™
All Rights Reserved Worldwide. All Trademarks and Servicemarks are the property of the respective owners.
French Spanish Bulgarian Chinese (Simplified) Chinese (Traditional) Croation Czech Danish Dutch Finnish German Greek Italian Japanese Korean Norwegian Polish Portuguese Romanian Russian Serbian Slovak Swedish Arabic Hebrew Hungarian Thai Turkish English US