The success of your business or investment project hinges on your ability to get a suitable commercial lending program. Whether you’re looking to buy a new home or refinance an existing loan, the loan program you choose will have a big impact on your monthly payments. Affordability is affected by more than just the interest rate, so it’s crucial to shop around for a commercial loan program with terms and amortization that work for you. Many business owners will find that SteveKnowsLoans’ 15 Year Balloon Commercial Mortgages program is the best option.
The Benefits of a 15-Year Balloon Term
For some kinds of commercial properties in certain areas, the 15-Year Balloon program offers rates that are extremely competitive. Not every investor would benefit from this program, but those searching for a longer amortization with a fair term and competitive rate will find it to be a good choice. The 15 Year Balloon Commercial Mortgages Program has a number of notable characteristics, including:
- 15-year amortization with a 30-year balloon
- Perfect for apartment complexes, shopping centers, and other commercial buildings.
- State of New York, State of New Jersey, State of Connecticut, State of Florida, State of Pennsylvania, and State of Massachusetts properties qualify for loan program
What’s Great About This Business Loan Plan
While many commercial real estate investors plan to sell their investments after a few years, they may not want to be obliged to do so if the market is less favorable. Others may have a longer-term interest in keeping the property, but they aren’t planning on keeping it for 30 years. This loan has a fixed interest rate for 15 years, and a balloon payment is due at the end of the loan’s 15th year. Payments will be moderate and practical during a 30-year amortization period.
If you’re looking for a commercial loan, SteveKnowsLoans has numerous options, including this 15 Year Balloon Commercial Mortgages loan. Before applying for a loan, a savvy real estate investor will carefully consider their funding choices. Here at SteveKnowsLoans, we’re here to help you weigh your alternatives and settle on the best course of action. Contact a loan adviser at SteveKnowsLoans today to discuss your choices for refinancing your current loan or purchasing a new property.
Call Steven Jackson at 813-616-9411 now!
