What You Need To Know If You’re Looking To Break Into Commercial Real Estate

If you’re looking to break into commercial real estate by buying property, there are several types of loans that may be able to help. This article gives a rundown of each. Keep in mind that in most cases, these loans’ repayment schedules run from 5 to 20 years.

Traditional Loans

To raise funds for commercial real estate, traditional mortgages are one option. The lender decides the maximum loan amount, and a down payment of 15 to 35% of the property’s fair market value is usually required. Payments are required monthly, and interest rates usually range between 4.75 and 6.75%. Generally speaking, these loans require the borrower to be well established, with a long time in business and a strong credit score. (Click Here To Learn More)