0
Where can one obtain a commercial property loan in Indianapolis?
Wiki User
∙ 10y ago
By consulting a Realtor on the subject who is more in tune with the properties in and around Indianapolis would be a good starting position. If you want to try other methods try the local paper and looking at listings.
Wiki User
∙ 12y ago
Wiki User
∙ 10y agoA commercial property loan can generally be found in most banks throughout Indianapolis, smaller banks may not offer these, but the larger banking companies do.
Add your answer:
Earn +20 pts
Problems faced by commercial bank of India?
staff shortagenon repayment/inadequate recovery of loan political interference
How can you find the best car loan rates in Indianapolis?
Finding the best car loan rates in Indianapolis may not be simple as it will depend upon one's personal credit rating among other factors. However, the Bankrate website, for example, gives some illustrative comparative interest rates for car loans and would be a good place to start one's search for the best deal.
What are the average loan rates at the Bank of New Zealand?
The loan rates at the Bank of New Zealand range from 4.95% to 6.99%. The average loan rate is around 5.70%. Loan rates highly depend on the term of the loan.
Can a zimbabwean with a work permit in south Africa get a car loan?
some car dealers like auto pedigree would allow you to, but need to have a south African licence, which should be easy to obtain if you have you work permit plus a permanent working contract
Is Zombie-Loan Romance?
Zombie Loan is not a romance but there are hints and affection shown.
Where can one obtain a commercial business loan?
The only place to obtain a commercial business loan is at a bank. In order to obtain one, it is obligatory to have a company as well as a solid business plan.
Where can one obtain a commercial land loan?
One can obtain a commercial land loan at many banks such as Bank of America, ING Direct, HDFC Bank, and First Bank. A commercial land loan can also be obtained at Reliance Commercial Finance and Lending Universe.
Does a personal guarantee on a commercial loan appear on a credit report and are they liable for personal injury on the property being purchased?
That's two separate issues - credit reporting on a loan, depends on the financial institution - if they report it. Personal injury on a property would be on property insurance, which you have to obtain in order to purchase property.
Commercial Mortgages Investment?
Commercial mortgage investment is a loan used to buy or refinance a commercial property.
Where can one obtain a factoring loan?
A factoring loan is a loan that is granted based off of your trade debts. You can obtain one of these loans from 1st Commercial Credit, Accord Financial and Capital Plus.
Can you apply for a mortgage on property you have no title to?
No. You would have no standing to pledge property you don't own to obtain a loan.
What are the requirements for commercial hard money loans?
A commercial hard money loan is a loan based off the quick-sale price of a commercial property. The main requirement would be that the person applying, own the property that would be put up as collateral.
Where can i find a commercial mortgage calculator term and amortization schedule?
A commercial mortgage is mortgage loan in which a commercial property is kept as collateral to secure the repayment of the loan. An amortization loan is a loan where you have to pay off the principal over the life span of the loan generally through equal payment.
How do I get a commercial property loan?
Securing a commercial property loan in Australia involves a specific process tailored to the unique nature of commercial real estate. Here's a concise guide on how to obtain a commercial property loan: Understand Your Financial Position: Assess your financial situation, including income, expenses, and credit history. Determine how much you can realistically afford and your capacity to repay the loan. Develop a Business Plan: Create a detailed business plan outlining your commercial property investment goals. Clearly articulate the purpose of the loan and how the property will generate income. Research Lenders and Loan Products: Explore different lenders and their commercial loan products. Compare interest rates, terms, fees, and loan features offered by various financial institutions. Gather Documentation: Prepare necessary financial documentation, such as tax returns, financial statements, and proof of income. Have detailed information about the commercial property, including valuation reports and lease agreements. Loan Application: Submit a comprehensive loan application to the chosen lender. Provide accurate and complete information to expedite the approval process. Loan Approval Process: The lender will assess your application, considering factors like creditworthiness, property value, and your business plan. Be prepared for a thorough due diligence process. Loan Terms and Conditions: Review and negotiate the terms and conditions of the loan. Pay attention to interest rates, loan tenure, repayment options, and any associated fees. Valuation of the Property: The lender will conduct a valuation of the commercial property to determine its current market value. Legal Due Diligence: Engage legal professionals to conduct due diligence on the property, ensuring there are no legal issues or encumbrances. Loan Approval and Settlement: Once the loan is approved, finalize the legal and financial aspects. Complete the settlement process to transfer ownership and secure the commercial property. Loan Repayment: Adhere to the agreed-upon repayment schedule. Consider working with your lender to manage any unforeseen challenges in repaying the loan. Professional Advice: Seek advice from financial advisors, mortgage brokers, and legal professionals to ensure a smooth and informed process. Remember, they commercial property loan process can be complex, and professional guidance is often beneficial. Always stay informed about market trends and lending conditions to make the best decisions for your commercial property investment.
What is meant be commercial hard money loans?
Commercial hard money loan is a type of private funding for the people who need immediate finance to buy a property or close a land deal. Hard Money Commercial Loans is of great help for the people who are unable to meet the standard banking criteria, but has real estate and or assets that are sufficient to collateralize the loan to the investors/lenders.
How can you define commercial mortgage?
A commercial mortgage is a mortgage loan secured by commercial property, such as an office building, shopping center, industrial warehouse, or apartment complex. The proceeds from a commercial mortgage are typically used to acquire, refinance, or redevelop commercial property.
Is FHA mortgage owner occupied?
If you're trying to obtain an FHA loan then the answer is 'yes'. If you own an investment property that has an FHA loan, then you can streamline it.
