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Commercial Real Estate Lenders
Posted on 11/7/13 at 12:57 am
Posted on 11/7/13 at 12:57 am
My wife has leased her office for the last two years as we've looked for commercial lots or buildings to purchase. We think we've found a location and now I'm looking for lenders to shop who handle owner occupied commercial real estate.
It seems it is much more limited in variety than traditional residential mortgages I assume due to increased risk thus the greater down payment % and higher interest rates.
I've found Wells Fargo and PNC to be two of the larger ones. Any recommendations on others or advice for the process since we've never dealt with commercial property before?
It seems it is much more limited in variety than traditional residential mortgages I assume due to increased risk thus the greater down payment % and higher interest rates.
I've found Wells Fargo and PNC to be two of the larger ones. Any recommendations on others or advice for the process since we've never dealt with commercial property before?
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