Commercial Mortgage Refinance
Commercial Mortgage Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under different terms. Refinancing is done to allow a borrower to obtain a different, and even better interest term and rate. The terms and conditions of loan refinancing may vary widely by state, based on several economic factors such as, inherent risk, projected risk, regulations, and borrower's credit worthiness.
Some good reasons to refinance:
- A Lower Monthly Payment.
- Avoid Balloon Payments.
- Leave adjustable-rate mortgages and refinance into fixed-rate loans.
It is possible to procure refinancing that would capture significantly lower interest rates. Even a reduction of 0.5 percent can greatly affect the monthly payment and amount of interest paid over the long-term. Lowering the company's repayment obligation can yield many positive benefits. Today, refinancing can be achieved with the originator of the loan or with other, outside lenders.
Most businesses in the US must seriously consider their cash positions and their ability to grow. If an enterprise has demand and has growth potential, the equity in their property can be a useful resource to spur said growth.
The following property-types can be refinanced using commercial property mortgages:
- Retail centers
- Churches
- Mixed-use
- Farms
- Factories
- Office buildings
- Investment properties
- Retail premises
- Hotels, guest houses
- Takeaways and cafes
- Holiday Properties
- Bars & restaurants
- Medical
- Special purpose and most commercial real estate assets.
Commercial mortgage refinance is one of the main services offered by us. We offer a wide range of financial loan products to assist you refinance your existing commercial real estate loans.
Call us at o: 305.396.3900 or Click the button below to see if you qualify for a Commercial Mortgage Refinance Loan.
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