Individuals who are new to the real estate market must be aware that it is a different playing field than even a few short years ago. It is important when applying for commercial finance lending for purchase or commercial construction loans to know that rates vary more widely now than in the past. The margins between the highest and lowest are greater and can change rapidly. The difference between the lowest commercial loan mortgage rate and the highest offer used to stand less than 1/2 percentage point apart, but now can vary by as much as 2 percent or more. Under these conditions, it is vital to work with a broker you trust to gather as many quotes as possible so you can get competitive offers.
Our philosophy of offering alternatives is especially important in today's climate. Because many lenders such as banks are restricting the types of business financing they'll do, borrowers are being forced to seek alternative commercial loans for hard-to-finance projects. These could be anything from hotels and restaurants to purchases in smaller towns. It could be financing for a borrower with a higher risk commercial investment property that may not qualify for a low commercial loan mortgage rate. In these circumstances, having as many choices as possible is vital to getting the most favorable interest.
The professionals at mCLQ work hard to gather competitive financing offers. By providing borrowers with multiple quotes for traditional or alternative commercial loans, we can ensure better odds at borrowing success. This approach gives you the flexibility to choose a financing plan that fits your business plan. Use our simple application tool to explore your options in commercial construction loans and stack the deck in your favor.
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