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Determining Your Commercial Mortgage Interest Rate
Understandably, one of the first questions we’re asked from a potential commercial borrower is “What will my interest rate be?”.
The final interest rate on your new loan will be based on your credit history, the loan-to-value (LTV) of the property, and numerous other risk components associated with the entire transaction. Before we can provide a valid quote including your interest rate, we’ll need to work together to build a suitable package for the lender or investor to underwrite.
How long the process takes really depends on your financial position and the situation.
In addition to your interest rate there are other factors you should consider if your goal is to obtain the best overall commercial financing package and return on your property as an investment. For example, the terms of a mortgage loan can be just as important as the interest rate. Any pre-payment penalty could also affect the overall cost of your mortgage should you wish to sell or refinance the property.
We can help you negotiate Favorable Terms
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Now is a Great Time to contact us to get started.
We look forward to helping you navigate the Commercial Mortgage process! |