CRE Purchase Loans
The purchase of property is a significant investment that can have a major impact on a business. When making a purchase, businesses will often need to obtain a loan from a lender. A conventional or SBA loan are two common types of loans that can be used to purchase a property. A conventional loan has a fixed interest rate and a set repayment schedule. It can be an attractive option for businesses that need to borrow a large sum of money and have a predictable repayment schedule. SBA loans used to purchase a property have fixed and adjustable rates with a 25-year amortization. A bridge loan is typically used to purchase a property that needs to be renovated or also needs a quick close at escrow for a 1031 exchange. The rates for a bridge loan are fixed with 12–36 month terms.
CRE Purchase Loans Include:
- Conventional, SBA and Bridge Loans
- Loan Amounts $500,000 to $50,000,000
- Up to 75% LTV
- Investment and Owner-Occupied Loans
- Nationwide Loans