Fixed-rate mortgages on stabilized commercial real estate are generally priced based on a spread to swaps, with the swap spread matched to the term of the loan. Market interest rate as well as underwriting factors greatly affect the interest rate quoted on a particular piece of commercial real estate. Interest rates for commercial mortgages are usually higher than those for residential mortgages.
Many commercial lenders require an application fee or good-faith deposit, which is typically used by the lender to cover underwriting expenses such as the appraisal on the property. We do not require any application fees! You will have a team of licensed mortgage brokers working for your personal and business best interest.
When you’re thinking about commercial mortgage loans there is many aspects to consider. In fact, here is where it really helps to work with a mortgage broker. This ensures you have more options than banks or credit unions offer. You get a personalized application, approval, and closing experience completely catered to you from the very beginning to the end with a trusted mortgage adviser who is working in your best interest, holding your hand each step of the way.