Medical Office Loans
Contact Us
Even when a new investment can be small for some people and companies, it does not mean the funds are easy to obtain. This is what usually happens to new doctors, students, or small medical businesses when needing an office or wanting to renovate it. However, medical office loans can be a great solution.
It is true that most small investments, especially those that include properties and renovations, tend to be covered by using your savings or asking a few relatives for money. These are not bad options but you can be limited in other expenses and needs when using your funds, and relying on your family, friends, or people you know can give you a hard time later on.
This is when thinking about a loan from a third party is not a bad option, especially if you have the opportunity to request one that adjusts to your goal in specific: a medical office, be it for occupying, reselling, or renovating it. Now, why would you request medical office loans instead of just commercial ones? Medical office loans should offer you better terms and conditions due to the use, purpose, and type of property you are purchasing or renovating. Also, since the investment is less compared to commercial properties overall, interest rates will be the main difference you are going to notice.
The “problem” with these loans lies in the lenders that offer them, which are not usually banks or similar entities. Instead, you have to rely on individual ones and private companies that have them as an option among their services or just because they are willing to provide it. However, the same rule follows regardless of the lender being private: not all of them are good nor you can expect the same benefits.
At Commercial Real Estate Loan Pros of Tampa, we are always open for doctors, specialists in the field, and any other person in need of a medical office or its renovation, to request our loans, and we guarantee you will love the fair and great conditions we offer:
- Low-interest rates.
- Longer loan terms.
- Flexibility for repayment.
- Fewer requirements.
- Creditworthiness is not the most crucial part.
- Collateral can or not be considered during the agreement.
How to use your medical office loan
The main one? Purchasing the office and finally having your own space to start or continue your services. However, if you are considering the purchase as a real estate investor and not an owner-occupant, you can also rely on the loan for it. We do not put limitations as long as the investment or use of the money is legal, for medical needs, and completely related to the field. Therefore, if you want to:
- Have working capital.
- Equip your medical office.
- Perform renovations.
- Expand your current office.
- Purchase one and rent it later on.
You can go for those goals and needs without hesitation but you need to let our team at Commercial Real Estate Loan Pros of Tampa know them during your application and when discussing the terms and conditions of the loan after approval.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.