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What is the interest rate for a 210,000 loan on a commercial building valued at 1,187,400?

by richlo58231 from , California. Mar 6th 2019 Reply

Hi, It depends on equity position, quality of property, and term.

Mar 6th 2019
William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

Much more info needed.. What exactly is the current use of the property? Storage facilities are commercial buildings.. but so isn't a warehouse or a manufacturing facility.. If the building is used for manufacturing, then are there any hazardous materials being used? Will an environmental servery be needed? How long do you need the funds for? 3 years? 5 years? 25 years? What your credit scores? Is this a purchase or a refinance? There are so many things that go into what the rate is that it's impossible to advise you without knowing all the property specifics. Realistically, if you re serious about getting financing, then search for a local commercial lender in your area, give him/her 15 minutes of your time and let him put together an accurate quote based on your exact scenario.. no more guessing.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Mar 7th 2019
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