Commercial Mortgage
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What is a Commercial Mortgage?
Commercial mortgage is a type of business loan that is used for purchasing, refinancing, or improving commercial properties used for business purposes. These properties include office buildings, retail centers, industrial warehouses, apartment complexes, and hotels.
At Merchant Banking Resources, we help businesses of all sizes to get the commercial real estate loan or mortgage they need. Whether you are seeking to purchase a new property, renovate an existing one, or develop some commercial space, we provide funding solutions with a quick and easy process to support your business goals.
Fast Funds! Apply Now!
Get the capital your growing business needs!
- Over 90% Approval Rate
- No Upfront Cost
- No Use Of Funds Restrictions
- Same Day Approval
- Same Day or Next Day Funding
Application Process
1
Apply Online
Complete our easy online application form in just a few minutes. We recommend keeping your necessary paperwork with you to ease your application process.
2
Let Us Review
Our team will review your application quickly to understand the financial services you are looking for. One of our financial advisors will reach out to you for any additional information if needed.
3
Get Funded
After approval of your loan application, your loan will be disbursed fast and securely to your bank account, helping you grow your business effectively.
Commercial Real Estate Loans or Mortgage FAQs
1. How do commercial real estate loans work?
Commercial real estate loans provide businesses with funds to buy, develop, renovate, or refinance property. The loan is secured by the property, and repayments are made monthly. Lenders evaluate the property’s income potential and the business’s financials to set terms, rates, and eligibility.
2. What types of properties are eligible?
Eligible properties include office buildings, retail spaces, industrial warehouses, multi-family apartment complexes, hotels, and other income-generating commercial real estate.
3. How is a commercial real estate loan different from a residential mortgage?
A commercial real estate loan is for business properties and evaluates the property’s income potential and business finances, while a residential mortgage is for personal homes and focuses on the borrower’s personal credit and income.
4. What are typical loan terms for commercial real estate mortgages?
Loan terms usually range from 5 to 20 years, depending on the lender, loan amount, and property type.
5. What determines the interest rate for a commercial real estate loan?
Interest rates are based on factors such as the borrower’s creditworthiness, the property’s cash flow, loan amount, term, and market conditions.
6. Is the property used as collateral?
Yes, the commercial property itself serves as collateral for the loan.
7. Do I need a strong business credit score to qualify?
A good business credit score helps, but lenders like Merchant Banking Resources also consider the property’s income potential, business financials, and cash flow.
8. Are there prepayment penalties?
Some commercial real estate loans have prepayment penalties, while others do not. Always check the loan terms carefully before signing.
9. What costs are involved besides the loan repayment?
Additional costs may include appraisal fees, legal fees, closing costs, property inspections, and sometimes loan origination fees.
10. Why should I choose Merchant Banking Resources for a commercial real estate loan?
At Merchant Banking Resources, we offer competitive rates, flexible terms, and personalized support throughout the loan process to help your business succeed, whether you’re buying, renovating, or refinancing commercial property.