If you are a real estate investor, now may be the perfect time to focus on small-balance commercial properties. If you are already investing in multi-family properties with four or less units, you are dealing with residential lending. But add one more unit and you are now in the realm of small commercial properties with a five-unit dwelling. And Shop Commercial Mortgage can help you get there.
What small commercial opportunities are out there? Here are some suggestions:
Why should you consider small-balance commercial properties? Here are a few reasons:
You may already have a network of contacts who can direct you toward smaller commercial properties if you have been working in the real estate area. Contact people you know and tell them you are interested in expanding to small-balance commercial properties. You will be pleasantly surprised to find the opportunities are there once your network knows of your interest.
How can Shop Commercial Mortgage help? We can move quickly to get you funds to lock in small-balance commercial opportunities. This market is competitive and you will need to get your financing in days rather than weeks or months from conventional lenders. Also, the banks may not look favorable on smaller commercial lending if they see you have historically been working residential properties.
If you are interested in expanding your market opportunities to small-balance commercial markets, contact Shop Commercial Mortgage today and find out how we can help you grow your business.
"I just closed a commercial loan in St. Petersburg. A 16 unit apartment complex for $100,000 at 11.5% interest. It was a free and clear equity driven low documentation refi with no appraisal so it closed fast!"
Mikle / Broker