Own Your Commercial Property
There are many advantages when you own your commercial property. Many owner-occupied business owners are looking at the advantages of owning their properties instead of renting. With the decline in prices of commercial properties and indicators pointing to prices going up, it makes sense now to consider purchasing your business property. This will allow you to control your cash flow and not have to worry about future rental increases.
If you are a business owner that would like to purchase or refinance your owner occupied property, Select Commercial has several special programs available for you to acquire, expand, or refinance your business property.
1) For customers that have good business cash flow and credit, we are offering a special introductory rate of only 1.99% for the first year and a very competitive rate through maturity. We will lend up to 80% of the value of the property and we can fix the rate for up to 15 years. This offers expires on July 31, 2013, so if you are looking to buy or refinance your business real estate loan, now is the time to act!
2) For customers that do not have verifiable income on their tax returns, we offer special loans with No-Income Verification. These loans are based on common sense underwriting and simplified documentation. Rates on these loans are slightly higher but are much lower than hard money or private money lenders offer.
3) For customers looking to purchase an owner occupied medical, dental, or veterinary, or other related professional property, we offer up to 100% financing (no down payment required).
You can check out our commercial real estate loan rates here. Then use our commercial mortgage calculator to determine your monthly principal and interest payment.
Select Commercial is committed to the success and growth of your small business. Call or email for more details today!
Author
Stephen A. Sobin is the President and Founder of Select Commercial Funding LLC. Mr. Sobin has over 35 years’ experience originating commercial real estate loans. He formed Select Commercial to offer commercial mortgage banking and real estate capital advisory services to his clients on a national basis. His goal was to become an advocate for his clients and to help them navigate the ever-changing economic conditions facing the banking industry and to assist them by providing access to commercial real estate funds despite the uncertainty of the capital markets. The company was founded on the belief that most small to medium sized property and business owners lacked the expertise and sources to obtain the best financing options in the $1,500,000 to $10,000,000 range. While large real estate companies often have in-house finance professionals, most small to medium sized borrowers do not have the same access to professional advice and sources of funds. Mr. Sobin focuses on providing those services to this segment of the market.