Where can I get the lower interest rate on a commercial mortgage? I need to borrow $ 700,000 on a new commercial bldg. He estimated at $ 1.2 million, my credit is perfect. Where can I get the best rate?
Van is right, getting a mortgage broker unless you have a good relationship with your bank - sometimes the relationship is worth a few points and / or to waive closing costs. If you use a broker, make sure they have lots of experience with commercial and Jumbo loans.
What kind of commercial buildings, offices?
try Choice Finance http://www.choicefinance.net/commercial_ ...
You can turn on you or you can get a mortgage broker to do it for you.
Mortgage brokers have a lot of contacts. They should be able to find one.
Posted on June 7, 2010.