:: Free article content
Authors: Maximum article exposure. Publishers: Reprintable article content.
Featured Articles
Recently Added Articles
Most Viewed Articles
Article Comments
Advanced Article Search
Submit Article
Check Article Status
Author TOS
RSS Article Feeds
Terms of Service

A Guide to Securing Financing for Commercial Projects
Home Finance Loans / Lease
By: Chelsey Bullock Email Article
Word Count: 423 Digg it | it | Google it | StumbleUpon it


Investing your money plays a critical role in achieving financial security, especially for your life after retirement. People donít always agree on the best place to invest money, but one thing they can agree on is to start investing early. The earlier in life you invest, the more time you have to earn a profit. One place to invest that has a potential for yielding a worthwhile profit is rental properties. When you buy a property to rent, whether you choose to buy a house, duplex or apartment building, itís going to cost money upfront. Fortunately, itís possible to obtain loans specifically for purchasing investment properties.

When looking to take out a commercial loan, the most important factor is your credit score. Having a very good credit score, 740 and above, will increase your likelihood of obtaining a loan. Anything less than a 740 credit score, will increase your monthly payments and interest rates or even prevent you from being approved. Debt is another aspect to take in consideration. If you have financial debt, itís best to take care of it before seeking a loan. Having a lot of debt makes it difficult if not impossible to be approved for a loan.

If youíre in a good position to obtain a loan, you need to decide who your lender is going to be. Large national banks are a viable option; however, they donít have much room for flexibility. National banks want to be certain that they get their money back. As such, they wonít approve loans for properties that they deem risky and, they usually require large down payments.

An alternative option to taking out a loan directly from a large bank is to go through a private broker. The biggest benefit of using a broker is having the flexibility not offered by national banks. Brokers are more willing to work with you to create a plan that suits your circumstances. Larger brokers offer loans ranging from $1,000,000 to $50,000,000. Private lenders have more options for fixed rates ranging from 3 to 35 years.

Working with a commercial loan broker opens up more opportunities for you to put your money into investment real estate properties. They have the knowledge and experience to help you take out a loan thatís right for you. Getting approved for a loan and purchasing a rental property today will assist you in your journey of obtaining financial security.

If you are looking for mobile home park financing options there is no better broker in the business than The Madison Group. They have been brokering the financing of modular housing communities for years

Article Source:

This article has been viewed 485 times.

Rate Article
Rating: 0 / 5 stars - 0 vote(s).

Article Comments
There are no comments for this article.

Leave A Reply
 Your Name
 Your Email Address [will not be published]
 Your Website [optional]
 What is two + six? [tell us you're human]
Notify me of followup comments via email

Related Articles

Copyright © 2019 by All rights reserved.

Terms of Service | Privacy Policy | Contact Us | Submit Article | Editorial