Private Money Mortgage Loans Refinancing Commercial Property
Commercial mortgage refinance is amongst the key services made available from our California private lending company. We offer a wide selection of lending options to assist your commercial refinance and conventional commercial real estate loans. We provide conventional, bridge loan and stated income programs. Each financial product is designed to provide the most competitive financing terms based on a combination of property restrictions, borrower investment decision and personal goals. Our in house underwriting lending procedure offers bridge loans and private money mortgage loans for commercial mortgage refinance.
Cash Out refinance
A large number of real estate investors are obviously serious about developing their cash flow situation when refinancing. There are fundamentally only two options to do this – reduction of interest rate and or increasing the length of the financial products amortization schedule. Reducing the mortgage rates is obvious however most consumers may be looking at bad credit issues, bank re-assessments and other outside mitigating factors.
When is the optimum time in order to refinancing a commercial financial loan? Components including prepayment penalties, long rang intention of the borrower, market rates, and existing mortgage loan terms come in play. Of course there isn’t any precise solution, but below are some thoughts on how you might analyze your commercial mortgage loan refinance.
Commercial refinancing programs
Investors that are facing a ballooning commercial financial loan may find out, however that their situation will not improve. Their monthly payment may go up as markets rates change, financial loan programs change etc. It is often the situation at the same time that the debtors books usually are not as strong as there where when they secured their existing financial loan. If the case if such, they will not be offered exactly the same program/rates that they previously qualified for. As a local Los Angeles private money provider MKK Capital strives for the most cost effective financing in cash outs for commercial property. We can assist with commercial bridge loans, no doc financing, bad credit commercial loans and flexible private money mortgage loans.
Stated income loans can provide long term 30 year amortization avoiding balloon loan exit situations. Residential and commercial stated income or no doc loans may be a viable refinancing option. In many cases it depends on what you are doing: fix and flip investing, apartment/rental property refinancing, cash out, buy hold, etc.
The discounted verified cash flow method is the traditional process used, which essentially compares the prevailing loan vs. the proposed financial loan on a case by case basis
Commercial Property Refinancing important factors in property types for cash outs: commercial real estate properties include; office, retail, industrial, hospital & healthcare, self storage, hotel and mixed use.