No businessman likes to be in the same place where he started his business a few years ago. He wants to move ahead physically and financially. He dreams of a bigger office and more staff. He dreams of having more money for himself to enjoy the many luxuries of life. For a business to grow, there needs to be some investment to be made also. No business grows quickly with the same investment that was put in the beginning. Faster growth requires more money to be pumped in. What Makes A Business Grow? Businesses grow when there is more revenue and more profits. It is virtually impossible to grow big with the same kind of investment base that you had at the start of the business. You need to continuously put in funds. One way of improving your business is to purchase new machinery and increase your productivity thereby increasing… read more →
There are a few factors that could prevent your commercial property refinance from going through. You should get these cleared. Six Reasons That Could Stop Your Refinance There could be a problem with the title itself. There could be a lien on the property which has not been canceled on the title. Another reason could be the dispute on the value of the lien which has to be resolved by the borrower. The Loan to Value Ratio plays an important role in sanctioning the refinance loan. This is the main point on which the negotiation takes place. There is no point finding the appraisal to be higher than the permitted limit. Consult with a private lender and get the advise on the right recent sale to be taken into consideration. Any change in your business during the period from your application and release of the loan could affect you badly.… read more →
Everyone needs money. We understand that more than anyone else because we deal in that. Private money lenders have been providing funds for people for a long time. Their commitment to serving the people have made them some of the best options. People want to buy property because it is one of the best investments even today. Some want it just as investment and others want to buy a property to live in – what they want to call home. What if you are not qualified to get loans from banks? No worries. How Do Private Lenders Help? Private lenders are best for you. They will help people get their coveted property and they don’t want them to lose it because of lack of funds. Just apply for a mortgage with any private lender and buy that property you wanted. The terms of the loan are simple. The private money… read more →
Are you using your property to the fullest of its value? Is your property owned or partially owned by you? Did you know that you could use it for a productive purpose? What Is Equity Mortgage? An equity mortgage is a loan or credit secured keeping your property or part of your property as equity or security. If your property is if fully owned by you, you can use the full value of the property to get an equity. If it is partially owned meaning if you paid a part of your mortgage, you can use that value to get a loan on it. Why Do We Need To Use It? Taking an equity mortgage on your property makes sense because your property will become productive only then. You can use the equity mortgage to take a loan for various purposes. This could help you in your business or for… read more →
If your loan is about to come to an end, it is time to consider putting that property to better use. If you have been paying a high interest rate, it is time to find a lender who will give lower interest and pay off the balance amount. This is called commercial property refinance. How Does It Work? Refinance on an existing property, which is still under a mortgage can be done if you have paid off at least 60-70% of the loan. But this percentage varies. There are some special lenders who are willing to extend this Loan to Value Ratio. Of course, the more they pay you, the more the risk and hence a higher interest rate. Why Should I Get A Refinance? One straightforward reason is to get a lower interest rate. Why should you continue to pay a higher interest when you can get a lower… read more →
All businessmen will have faced some sort of money crisis while running a business at some point of time. And the most common method that most people follow in order to get the money is to avail commercial property finance. This is to borrow money from a bank or some other non-banking organisation by placing the company property as collateral. Also if you are planning to expand the business by purchasing an additional property, then the required money can be raised by mortgaging the new property. There are numerous things to consider before going for commercial property mortgage. A commercial property lender can help you to a great extent. Some of the things that such a commercial property lender can help you with are: Where to go to avail commercial property finance and also how to get the best finance for your property? There are numerous banks and other non-banking… read more →
When you need money for expanding your business then the most common solution is to mortgage your company property. Also if you are planning to purchase a new property for your company, then the new property can be provided as the collateral to the bank. But there are certain things that must be carefully taken care of while purchasing a commercial property if the you deem to gain profits from the property. The value of the property: The cost of the property and the value of neighbouring properties must be matching. Only then will the bank providing the adequate amount of money as loan. Also as a businessman you must be able to foresee the future of the area. This means that you must make sure that the property must be in a location that has the potential to develop into a township in the future. Upcoming schools, colleges, hospitals… read more →
Real estate is a very popular business and the number of people who are investing in this field is increasing very quickly. The reason is that real estate is a business from which large profits can be made without much effort from the investor. When it comes to the different types of real estates, the commercial real estate field is the most profitable one. But there are numerous things that must be considered before investing in a commercial property. Price: Just like any other business, the price is the key factor that must be considered in real estate as well. the idea is not to buy a very costly property or a very cheap property. Instead, the price of the property must be considered alongside various other features and then if the property is feasible, it can be purchased. Also the current condition of the property must also be considered.… read more →
Availing a commercial loan is the only method for raising the required amount of money. The need might be various, like expanding the business or starting a whole new business from the scraps. If the need is to purchase a new property for the company, then the property itself can be placed as collateral for the loan. Even though there are numerous banks and other non-banking financial organisations that offer such loans, there are certain things that must be taken care about while availing a commercial property loan. The basics: When it comes to commercial financing, the needs are numerous when compared to residential financing. The customer will have to submit all the different documents that show all that the company is presently in a very healthy economic setup and also that the income of the company is sufficient to repay the loan in the prescribed time duration. The down… read more →
The need for money may arise at any point of time when you are running a business. This is especially true if your business is in an expanding phase. In this modern world, no business can survive without expanding. Hence as a businessman you will have to raise the required amount in the stipulated time for the business to be able to flourish. Mortgaging company property is the best method to get the money but in most cases all the company properties will already be mortgaged. Hence the only possible solution will be to refinance the existing mortgages. Some reasons that cause the refinancing to fail are: Moving to a new bank may prove to be disastrous: There is a provision that can be used to transfer the commercial mortgage from one bank to another. Customers usually do this during refinancing because the new bank may offer a better rate… read more →
