Tamarac Commercial Mortgage Loans
Tamarac Commercial Mortgage Loans are specially tailored for purchasing property that can be used for commercial use. The expansion for current business premises, and any residential and commercial investment as well for property development.
Difference between residential loans and Commercial loans
If you are considering buying a property of four units or less? Also known as a home loan. However, five units or more is considered a commercial loan.
Tamarac Commercial Mortgage rates
The interest rate of commercial loans is much higher as compared to residential loans. As the ability to meet the repayments is dependant on the performance of the business. If your business has a good standing and has shown stability over the years, Then you shouldn’t have much problem in securing a commercial mortgage loan. You can obtain a commercial mortgage loan for a standard period of 25 years with the domestic property. It can also be as short as a ten-year repayment term.
If you are considering buying a business property or expanding your current business you can take the assistance of a broker. In the like I Loan Resource, we can help you meet all your requirements. And provide you a commercial mortgage loan that best suits you.
I Loan Resource use only the best lenders from worldwide to help you with your loan problems. We have pre-qualified these companies and set strict standards that they must educate you on your loan and not conceal any costs that you will incur. If you are looking to refinance your home, get a new home loan or just using your equity to consolidate your debt then I Loan Resource can help you find the right lender.
If you are worried that your credit is bad then please fill out our online form and we will have a specialty lender contact you and explain how you can get the loan that best suits you.