About Commercial Mortgage
A commercial mortgage is a loan taken out on commercial real estate (as opposed to residential) . The borrower is generally a company or business as opposed to an individual and the business may be either a partnership, limited company or incorporated.
You can use a commercial mortgage to get out of a lease and begin the next stage of property ownership. You can leverage the financing to purchase a business location you’ve always wanted. If you’d prefer to build, you can use a commercial mortgage to pay for the construction costs. For those looking to expand their existing property, you can use it to add square footage. And if you’re working with an older location that needs some updating, such a restaurant or retail store, this financing can be just the ticket. Finally, you can use a commercial mortgage to refinance to extend your payment term or secure a better interest rate.
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Features and Benefits of Loan
Take advantage of opportunities to buy or refinance income-producing property, with a commercial mortgage that provides funding over $5,000,000.
Speed
In most cases a term sheet can be issued within a 48 hour period.
Experience
Our staff has the knowledge of local market conditions and experience to help you make informed decisions about your commercial mortgage
Enjoy the best rates
Competitive interest rates, terms and conditions
Flexibility
Variable and fixed rate options are available, with the ability to convert from variable to fixed if interest rates fluctuate.
Choices include, but are not limited to, a 3, 5, 7, or 10 year term on a fixed-rate closed or variable rate mortgage
Eligibility Criteria for Loan
Any self-employed or professional Public and Privat companies, Government sector employees, Private sector employees is eligible for a commercial mortgage loan.
Age
Maximum age of applicant : 67 years
Income
Minimum Net Monthly Income: $ 25,000
Credit Rating
Applicant should have the specified credit score of 300 or higher
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Documentation
The following documents are required along with your unsecured business Loan application:
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Personal Identity proof (copy of passport/driving license)
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Home Address proof (Utility Bills)
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Proof of flow of funds(Business Bank statement of previous 3 months)
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Property blueprints
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Project budget and scope of work
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Assessment of the property’s existing conditions
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Purchase contract
Fees and charges
Applying is free and it won't impact your credit.
Below are fees and charges that you may be required to pay:
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Types of fees
Charges applicable
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Interest rate
Up to 3% -8%
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Loan statement charges
NA
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Interest & principle statement charges
NA
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EMI bounce charges
$100 for every bounce
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Security Interest Fee
Contact our loan specialist:
Call us at
662-254-4495
support@aclloans.com
Contact us
*Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges
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Frequently Asked Questions
We are almost ready with your Frequently Asked Questions. Already we answered all question please check below.
Anytime Cash loan llc(ACL) is the provider of business and personal financing in the USA, UK, CANADA, mainland Europe and Australia. We use a simple online application to determine the financial health of your business and let you know how much finance you can access. This allows us to approve unsecured loans to qualifying firms. ACL lends from its own balance-sheet.
ACL uses unique credit technology to form a deep understanding of the financial condition of a business and lends from its own balance-sheet. This approach enables us to make quick, sound decisions.
We provide our customers and partners with a quality service because:
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We listen to our customers' stories and understand their challenges.
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We are real people who take the time to build relationships.
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We have a wealth of financial knowledge and experience within our team.
You can use a commercial mortgage to purchase a commercial property—whether it’s office space, a factory, retail, or restaurant space. If you can’t find an existing building that’s right for your needs, you can use your building loan to cover the construction costs of building a new space. Need to expand? A commercial mortgage covers that.
Yes, you can extend your payment terms and adjust your interest rate by refinancing with a commercial mortgage.
Yes! Would updating your building help you to attract more customers? A commercial mortgage can give you the financing to make it happen. Restaurants and retailers have demonstrated the ways an updated interior can drive customers, bringing the owners a sweet return on their investment.
In our professional opinion, probably not. That sounds like a personal purchase, and one small enough that you probably shouldn’t take out a loan for it. Unless it’s a fancy, super-important hat that your business needs. In that case, we recommend an equipment loan.
No, you are not charged any extra fees when you repay early. We don’t penalise you for early settlement.
ACL abides by the Data Protection Act 2018 (‘Data Protection Act’) and all other relevant USA and European data protection and privacy laws.
All data electronically transferred between you and ACL is encrypted, using one of the strongest forms of encryption available commercially. We are committed to keeping your data safe.
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Fulfil your dreams to lead the life you want, the way you want with our commercial mortgage loan! Download loan forms now!
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