Office Building Loans
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If you are looking to invest capital or money in general in acquiring a new real estate property to use as your office, you should leave aside the option for commercial loans and instead, find lenders that can offer office building loans.
When it comes to credits and mortgages, you need to know that specific investment, purposes, and projects have their own options, which give you more benefits if what you have in mind align with them. Therefore, you should not rely on standard ones like residential or commercial loans for every single project and new purchase you have in mind.
Instead, take the time to research your options with the lenders in your city and state, and how many additional benefits the loan that adjust to your needs offer when compared to standard credits. That being said, office building loans are for what the name indicates: to acquire a building that will be used as offices for a company, business, or the future owner overall.
From who can you access these loans?
In Tampa and throughout Florida, not many banks and similar institutions offer office building loans since they focus on either general credits or other specific ones for different purposes. However, even if you find a traditional lender from whom you can request the loan, should you do it?
Overall, banks and similar ones are not the best options because of their interest rates, requirements to meet, the time you have to wait for the loan, and the time for repayment.
Who is the best lender for office building loans?
Private companies or individuals willing to provide you the funds will usually be better options than banks or other regular lenders. At Commercial Real Estate Loan Pros of Tampa, we work with fewer requirements you have to meet, the interest rates will be lower and also fixed—which means you will pay the same percentage over the years. And unlike banks and even other private lenders, we work with companies and people who want to purchase the building for their own use, but also with those trying to invest in it to have a passive income when renting or selling part of the units.
Now, how do our office building loans work? It is quite simple:
- Meet all—or most—of our initial requirements: provide credit score, bank movements, your business’s financial records and personal ones, your usual revenue and income as a business (if applicable).
- Let us know about the details of the building you want to purchase: size, number of units if you will use it for your business or for renting or resell a few spaces, and anything that applies.
- If your loan is approved: we will establish an interest rate, loan term, and cover from 50% to 85% of the total cost.
Although most of our borrowers and current clients for these loans aimed to buy a new property, you can also request one for renovation needs. This means that if you have an office building, you can ask for funds to cover all the expenses of a renovation and sometimes, expansion. Our company Commercial Real Estate Loan Pros of Tampa works with different options but for office building loans, in particular, we are open for different needs as long as it involves this type of real estate.
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.