Commercial Mortgage Financing: Unlock Your Real Estate Potential
Your business’s physical space is more than just a location, it’s a critical asset for growth and stability. Whether you’re acquiring a new property, refinancing an existing one, or developing a new space, securing the right commercial mortgage is a pivotal step.
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At Brookestone Funding, we specialize in providing tailored commercial mortgage financing solutions. We work with business owners, investors, and developers to secure the capital needed for a wide range of commercial real estate ventures. Our mission is to simplify a complex process, helping you achieve your real estate goals with confidence.
What Is a Commercial Mortgage?
A commercial mortgage is a loan secured by a commercial property, rather than a residential one. Unlike residential mortgages, which are evaluated primarily on the borrower’s personal income and credit, a commercial mortgage is underwritten based on the property’s income-generating potential and the borrower’s business financials. This makes it a strategic tool for businesses seeking to build equity and control their operational costs.
Our Commercial Mortgage Services
We offer flexible and competitive financing options for a variety of commercial properties, including:
- Office Buildings: From single-tenant properties to multi-story corporate headquarters.
- Retail Space: Malls, strip centers, and standalone retail stores.
- Industrial Properties: Warehouses, manufacturing facilities, and distribution centers.
- Multifamily: Apartment complexes with five or more units.
- Special-Use Properties: Hotels, restaurants, medical offices, and more.
Why Choose Brookestone Funding?
- Diverse Financing Solutions: We provide a full suite of financing products, including fixed-rate loans, adjustable-rate mortgages, and balloon payment structures, to align with your specific financial strategy.
- Expertise Across Industries: Our team has extensive experience underwriting and closing deals across various commercial sectors. We understand the unique requirements and financial metrics of your industry.
- Personalized, Fast Service: We know that a slow process can be costly. Our streamlined approach and dedicated experts ensure a quick and efficient closing process, so you can focus on your business.
- Strategic Advisory: We don’t just provide loans; we partner with you to find the best financing structure for your long-term goals. Whether you’re a first-time investor or a seasoned developer, we provide expert guidance every step of the way.
Commercial Mortgages vs. Residential Mortgages: Key Differences
Understanding the differences between commercial and residential mortgages is crucial for making an informed decision.
Feature | Commercial Mortgage | Residential Mortgage |
Loan Underwriting | Based on the property’s cash flow, business financials, and borrower’s credit. | Based primarily on the borrower’s personal income, debt-to-income ratio, and credit score. |
Loan Terms | Typically shorter (5 to 10 years), often with a balloon payment at the end. | Longer terms (15 to 30 years) with full amortization. |
Down Payment | Generally higher (20-30% or more). | Can be as low as 3-5% for owner-occupied properties. |
Interest Rates | Typically higher than residential rates due to the higher perceived risk. | Generally lower and more standardized. |
Ready to Fund Your Next Project?
Whether you are looking to purchase, refinance, or expand, our team is ready to help you navigate the complexities of commercial real estate finance. We are committed to providing the capital and expertise you need to succeed.
Contact Brookestone Funding today to learn more about our commercial mortgage solutions and get a personalized quote.
Frequently Asked Questions (FAQ)
What types of properties can be financed with a commercial mortgage?
Commercial mortgages can finance a wide range of properties, including office buildings, retail centers, industrial warehouses, apartment complexes, hotels, and more.
How much of a down payment is typically required?
A down payment for a commercial mortgage is generally higher than a residential mortgage, often ranging from 20% to 30% of the property’s value.
Are commercial mortgage rates fixed or variable?
We offer both fixed and variable interest rate options, with terms that can be customized to your needs.
How long does the commercial mortgage approval process take?
The process is typically longer than a residential mortgage due to more extensive underwriting. It can take several weeks to a few months, depending on the complexity of the deal. We strive to make the process as efficient as possible.
Can I refinance an existing commercial mortgage?
Yes, refinancing is a key service we offer. It can help you secure better rates, change loan terms, or access equity for other business needs.
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