Residential Mortgage Commercial Financing Life Insurance
The AC Lending Weekly

Commercial Lending

Did you know AC Lending Group can also facilitate commercial mortgages? Well, it’s true.

Are you a business owner looking to stop renting and get your own space? Have you out grown the space you are in? Worried you need a significant down payment that would affect the cash-flow of your business? There are options that could get you into your own space with $0 down.  What’s the catch? Nothing. These are mainstream lenders looking to help business owners like you grow.

Or maybe you are an investor looking to diversify your portfolio with commercial real estate? This would require more of any investment up front (ie: 25-35% down payment) but the returns could be just what you are looking for.

What about multi family residential? Is this something you are interested in? Did you know there are default mortgage insured options for this? Your down payment could be as little as 15%! (Don’t know what default insurance is, read my blog on it)

Somethings you should know prior to getting into the commercial space:

  • The rates are higher than residential.
  • There are fees involved to set the loan up
  • An appraisal is normally required and they are more expensive than a residential.
  • Environmental reports are sometimes required.
  • You also pay the legal fees for the lender as well as yourself

The fees above are always paid by you the borrower but think of it as a cost of business. Yes, it is different than residential financing but still a great investment with some great perks that would not be available in the residential space (ie: Your tenants pay their portion of the property tax!)

I recommend sitting down and talking to me prior to getting into a purchase agreement so you are aware of all of the above and timelines as commercial takes a lot longer than residential transactions.

Until next time!  Have a great week.

“You only live once, but if you do it right, once is enough”

Mae West

Leave a Comment

Your email address will not be published. Required fields are marked *