Commercial Mortgages Los Banos CA

Opting for commercial mortgages is the best way to finance the acquisition of land and buildings for business purposes. They provide easy finance. These types of loans are secured on commercial property such as shops, business premises, warehouses, factories, workshops, garages, hospitals and schools.

Los Banos Mortgage Inc
(209) 826-8940
645 Pacheco Blvd
Los Banos, CA
 
Countrywide Home Loans
(209) 826-7840
928 4th Street
LOS BANOS, CA
Services
Mortgage Brokers

Primelending A Plainscapital Company
(209) 829-0105
249 W Pacheco Blvd Ste C
Los Banos, CA
 
Wells Fargo - Los Banos
(209) 826-5172
461 J St
Los Banos, CA
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 09:00 AM-04:00 PM
Sun Closed

Bank of America - Los Banos
(209) 826-5162
556 I St
Los Banos, CA
Type
Banking Center
Services
Banking Center Services: Commercial Deposits
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 10-2
Sunday Closed

C And G Financial Services
(209) 854-6957
215 Sycamore Ave
Gustine, CA
 
Chase Bank
(209) 826-3011
550 K St
Los Banos, CA
Type
Freestanding
Office Hours
Mon:9:00-6:00
Tues:9:00-6:00
Wed:9:00-6:00
Thurs:9:00-6:00
Fri:9:00-6:00
Sat:9:00-4:00
Sun:closed

Los Banos Mortgage Inc
(209) 826-8940
645 Pacheco Boulevard
LOS BANOS, CA
Services
Mortgage Brokers

California Mortgage Associates
(209) 826-0240
810 West K Street
LOS BANOS, CA
Services
Mortgage Brokers

CTX Mortgage
(209) 829-0105
249 West Pacheco Boulevard
LOS BANOS, CA
Services
Mortgage Brokers

Commercial Mortgages

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Know More About Commercial Mortgages

Author: Sadhana Dhanyal

Opting for commercial mortgages is the best way to finance the acquisition of land and buildings for business purposes. They provide easy finance. These types of loans are secured on commercial property such as shops, business premises, warehouses, factories, workshops, garages, hospitals and schools.



These mortgages are broadly classified into two main categories. The 'owner occupier' commercial mortgage wherein the borrower wishes to acquire the business premises for personal use. Secondly, a commercial mortgage such as a 'commercial investment' wherein the borrower purchases the property with a view to rent it out. Depending on the personal need, a borrower can make use of the loan.



Find out on What Basis is Commercial Mortgage Approved!



Before availing this type of loan, it is important that you do a careful research on the lenders offering these types of loans. The loan market is flooded with scores of lenders offering these types of loans. Commercial mortgages are different from usual loans. They involve a huge amount of money. You must state your preference before availing a loan. The purpose and the time frame during which you can repay the loan, should be made clear beforehand.



Approaching a commercial broker can help you avail a suitable loan. This will also help you get an idea about the interest rate that will be charged on the loan. These types of loans are considered more risky than other types of loans. However, they also have many advantages. If you wish to avail a loan to purchase property for a business, you can expect more flexibility as compared to residential borrowers.



If the borrower fails to repay the loan on time, the lender has the right to take over the property. Hence, before availing this type of loan, you must ensure that your business has the financial resources to make the payments on the loan before you even consider entering into a commercial mortgage agreement.



Facts You Need to Know about Commercial Mortgage:



These types of mortgages are risky for lenders as they pose a risk to them. Qualifying for this kind of mortgage can be slightly difficult. A borrowers needs to furnish numerous documents to avail this kind of loan. On successfully fulfilling certain criteria, a borrower can qualify for full financing and purchase commercial real estate or any property of his or her choice. You can choose from an interest only commercial mortgage or a capital repayment financing option.


About the Author:

Sadhana D, Expert Author, Platinum status. For more information on Commercial Mortgages: Commercial Mortgages

Information on Lenders for Hotel and Guesthouse Finance: Lenders for Hotel and Guesthouse Finance


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