How To Buy commercial property

SpotOn Financial can offer the following options for commercial real estate funding. The first option can be to buy commercial property for a business or investment. The second option is to refinance commercial property.  In addition, under commercial financing for real estate SpotOn Financial can provide new or seasoned investors with Non owner/Non Primary Residence Fix and Flip Residential loans. Before you purchase commercial real estate or an investment property of any kind consider hiring a financial services broker to find the best financing program to fit your needs. 

Owner Occupied/Investment Loans– The difference between owner occupied commercial real estate loans and financing for an investor in commercial real estate are as different as night and day. Typically owner occupied real estate financing requires the owner to use a minimum of 51% of the building to qualify. This works great for small buildings or single use propwerties, but can get a little difficult the larger the property. One major benefit to owner occupied real estate versus investor commercial property financing is the interest rate on the funds. Often times a business owner that will be using the property will get a lower rate on his or her loan because in the eyes of the lender the loan is less speculative than that of an investor who may be relying on tenant rent or the future sale of the property to make a profit and repay the loan. 

Property Types – SpotOn Financial can provide commercial real estate financing can be done on any of the following types of properties: Industrial, Warehouses, Single Use, Automotive Repair, Retail, Medical Centers, Pet/Vet Hospitals, Solar Farms, Apartment buildings, and many more. Call Us Today to get a complete list of properties we can fund. 

Terms and Rates Overview – SpotOn Financial is a financial services broker. So our job is to find you the borrower the best term and rates available. We earn our fees based on a retainer and success fee. The reason we do this is often broker fees are included in the loan cost to the borrower. So in addition to dealing with credit issues that can impact your rate, you the borrower have to factor what the broker fees are hidden in your loan rate. When you pay a broker a flat fee or success fee agreement you know your costs upfront and thereby get the best rate for you. 

What Do You Do Next– Now that you gained some insight into commercial funding available with SpotOn Financial the next step is to schedule a brief call to discuss your specific real estate financing need. Together we can determine what options exist for your small business funding needs to purchase commercial real estate and what SpotOn Financial can offer you.