Don’t allow the true title confuse you. They aren’t loans for commercial properties such as for example shopping malls or big-box shop properties. They may be domestic loans for investment benefits, typically with numerous properties within their portfolio. These loans were created for landlords and folks whom constantly fix and flip domiciles.
Due to shorter terms and greater interest levels, a number of these loans are believed “hard money” loans. Some loan providers eschew this designation and just phone their offerings “mid-term loans. “
Continue reading “Seasoned investors may start thinking about commercial domestic property loans.”