AMUSA Commercial Capital

Denied for Refinancing With a Looming Balloon Payment?

Hopefully, 2018 has been good to both you and your business and the pending holiday season will soon top it off nicely. Of course no matter how sales have gone so far, you’ve likely ramped up staffing and inventory, increased your marketing efforts both locally and online, and basically tied up a lot of your budget for the next few weeks, at the minimum, in hopes of a decent ROI to end the year.

Though you’ve likely made your company’s mortgage payments in good faith and have it finely attuned for your budget at this point, the fact remains that many lenders are denying refinancing. Right when you need it most. This becomes even more prevalent if you aren’t the original occupant of the property, in the preceding twelve months you’ve had payments more than thirty-day late, or there are other liens against your property.

Just What the Holidays Ordered — More Stress

When they can’t, won’t, or otherwise provide excuses, can your business afford that final mortgage payment that’s coming due in the very near future? Especially considering that all too often these days, commercial real estate loans include a rather large final payment, known as a “balloon” payment mortgage. This occurs when your mortgage payments do not fully amortize over the term of the note, leaving a larger balance due at maturity.

How much stress are you going to have for the rest of the year, worrying about the additional overhead? How much of an increase in sales are you going to need to cover it? If the season turns out not to be as good as expected, what will the impact to your business be?

It’s times like these where AMUSA Commercial Capital shines. With more than two decades of commercial lending experience, AMUSA has the knowledge and expertise along with a solid reputation for honesty and integrity, setting us apart in the world of commercial lending.

When you’ve been turned down by your bank for a commercial real estate loan, look to AMUSA Commercial Capital to fill the void. We provide fast response times and believe in providing common-sense loan underwriting. Submit your loan application today and find out how nice it is to hear “yes,” instead of excuses.