Are you in the process of considering whether to invest in commercial real estate? If so, there are a few basics that may be of interest.
First of all, it’s important to consider your loan options. Are you planning to apply for a traditional bank loan or approach a private lender? If you’re considering a private then, then there are investment mortgage lenders that provide hard money loans for real estate investors.
In general, a bank would require an applicant to meet the following conditions to qualify for a business loan:
- Have a minimum of two years in business
- Have a minimum annual revenue of $250,000
- Have a positive cash-flow
- Have good personal and business credit
If a hard money loan appeals to you, then knowing more about interest rates is on tRead More