Difference between Secured and Unsecured Lines of Credit
June 23, 2022
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We offer Commercial real estate loan/financing in Chicago. We have experience and expertise in all types of commercial real estate financing be it retail malls, shopping centers, complex, hotels and office buildings. In this categories residential property is not included, Means we only offer financial support for income-producing property.
We can finance almost any types of income-producing property both local and international clients live in Chicago. Also we offer fast financing services, Approvals for application only in 24 hours.
Yes We Are! We understand the real requirements of real estate traders of Chicago because we have base point in Chicago and here we are running on this track for providing real estate financing for long time. We are here to give real estate loans when you need it. Our processing is superfast and have a dedicated team for it. So be it rehab, rental, new construction, or multi-family loan Strategy Lender is the best place in Chicago.
We provide conventional loans across all mainstream markets in Chicago for a variety of stabilized investment and owner-occupied real estate projects such as industrial, hotel, corporate office, multifamily, mobile home park, retail, and warehouse ranging from $200K to $100 million or more for refinance or acquisitions.
We offer best-in-class financial services along with very competitive rates that might be as low as 3.75% with a higher LTV that might be as high as 75% and terms could be up to ten years with a 30-year amortization.
In real estate or commercial real estate financing CMBS (Commercial Mortgage-Backed Securities) loans are significantly popular in markets and are one of the best options to jump in real estate financing. CMBS is a fixed-term loans, which provide liquidity on mortgages of commercial properties which are highly beneficial for both commercial lenders and real estate investors. A 30-year amortisation facility with a fixed term of up to ten years is available with a CMBS loan at a very low interest rate.
Facilities of FHA lending may include very low fixed-rate, long-term, non-recourse, and fully amortizing, making it suitable for many different real estate financing needs such as new construction, refinance, acquisition, and substantial rehabilitation of senior housing, healthcare facilities, or multifamily rental housing, etc. Loan amounts generally range from 2 million dollars to 50 million dollars with a tax exempted credit facility.
CMBS (Commercial Mortgage-Backed Securities) loans are a popular choice for real estate or commercial real estate finance, and they are one of the finest ways to get started.
Interest rate on a commercial loan is depending up on loan amount and time which you have apply for. Normally commercial loan interest rate vary between 5.29% to 5.97% or even more.
In commercial financing a taxpayer have option to claim tax deduction for on whole interest amount of loan.
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