Interest-only Payment Loan
These interest-only loans, also called “balloon loans,” are for businesses that expect a significant return in the future rather than a steady monthly income at the start. Most of the time, only the smaller interest amount is paid.
Refinance Loan
Business owners often use commercial real estate finance loans with lower interest rates, just like home mortgage financing choices. Even though refinancing comes with extra fees and costs, they are generally small compared to the total savings from having less debt and lower monthly payments with a blanket loan.
Hard Money Loans
Hard money loans differ from most other types of mortgages in that they can come from private buyers. The money is given based on the value of the business property, not on the borrower’s credit score, which is what banks and other financial institutions usually look at.
Construction Loan
Construction loans can be used to pay for the materials and labor costs of making things like flats, multiple rentals, industrial buildings, businesses, and storefronts.