Commercial Property Refinance

Commercial rates are highly negotiable, and lenders usually offer discounts, so you may be wondering if you could get a better deal. But before you start looking for a new loan, it’s important to ask yourself: are you in a position to do a commercial loan refinance? Refinancing can be a great way to save money on your loan, but it’s not always the right choice. Here are three things to consider before you make your decision:

1. How much equity do you have in your property? If you have a lot of equity, you’ll likely be able to get a lower interest rate on your new loan. 

2. How long do you plan on staying in your current property? If you’re planning on selling soon, it may not make sense to refinance – you probably won’t end up saving much in the long run.

3. What are the terms of your current loan? Some loans come with prepayment penalties, which means you’ll have to pay extra if you refinance. 

Learn more about commercial real estate refinance and how Lending Bee can help you save money!

Benefits Of Commercial Loan Refinance

Commercial loan refinance means that a business pays off an existing loan with a new one. The new loan may have different terms than the original loan, such as a lower interest rate or a different repayment schedule. Refinancing can be a good way for businesses to save money on their existing loans and provide access to additional capital.

There are several reasons why commercial mortgage refinancing might be a good option for a business. 

• First, if interest rates have dropped since the original loan was taken out, refinancing can lead to significant savings. 
• Second, if a business has improved its credit score, it may be able to qualify for a better interest rate. 
• Third, refinancing can provide access to additional capital, which can be used for expansion or other investments. 
• Finally, in some cases, refinancing can help businesses consolidate multiple loans into one easy-to-manage payment.

Refinance commercial real estate loan is not right for every business, but it can be a helpful tool in certain situations. Businesses should weigh the potential benefits and risks before deciding whether to refinance their existing loans.

Why You Should Choose Lending Bee Inc

At Lending Bee, we understand that financing a real estate project can be a complicated and time-consuming process. That’s why we offer a wide range of construction loans to meet the needs of our clients. Whether you’re looking for a short-term loan to finance a renovation or a long-term loan to fund a new construction project, we have the perfect solution for you. And because we are a leading construction loan company, we have the experience and expertise to get the deal done quickly and efficiently.

• Top customer experience and most competitive rates. 
• Funding of deals up to $25mil and close as fast as in 5-7 days.
• Flexible terms, transparency, and no hidden fees.
• Over 20 years of experience in the industry, in-house underwriting, and processing departments to fund projects efficiently. 
• Your investing experience is counted as a number one priority!

So if you’re looking for competitive rates and terms, and a team of experienced professionals dedicated to providing the best possible service, look no further than Lending Bee.

Our Services

Here at Lending Bee, we work with all types of property, and our team is composed of some of the most experienced and knowledgeable loan officers to find the right loan for your needs:

• Apartments
• Condominiums
• Office buildings
• Cannabis warehouses
• Hotels and motels
• Industrial buildings
• Restaurants, and more

We work with a wide variety of loan products and are confident that we can find the right solution for your construction project. We offer competitive rates and terms, and our team will work closely with you to ensure that you have the best loan possible. Contact us today to learn more about our commercial real estate financing.

Our Cases 

About Lending Bee

We’re a commercial refinancing lender, and we’re all about real estate. Whether you’re looking to buy, build, or fix and flip property, we have the resources and expertise to help you get the job done. We’re a direct lender, which means we can approve your loan quickly and get you the money fast. 

• 24-hour pre-approval
• Support at every step
• Closing in 5-7 days
• Loan amount: Up to $25M
• LTV Ratio: Up to 75%
• Commercial and residential property
• Purchase, Refinance, Cash Out
• $0 prepayment penalty option available
• For real estate investors in California

So if you’re ready to take your real estate business to the next level, call us. We’ll be happy to help you get started. 

FAQs

What credit score is needed for a commercial loan?

A good credit score is anywhere between 640 and 700. However, a credit score of 680 is generally the minimum required for SBA and term loans. So, if your credit score falls somewhere in the middle of those two numbers, you’re in good shape! But if it is on the lower end of the spectrum, don’t worry, you can always try to negotiate a lower interest rate with your lender, or look into alternative financing options. 

What is the current interest rate on a commercial loan?

Rates on commercial loans vary depending on the type of property and the income it’s expected to generate. For example, if you’re looking to purchase an office building that will generate a healthy rental income, you can expect to get a lower rate than if you were looking for a vacant lot with no prospects for income. In other words, it pays to shop around – and to know what you’re looking for. 

How much of a deposit is put down for a commercial property?

In most cases, you’ll need to provide a deposit of at least 20% of the purchase price. So, if you’re looking at a property that costs $1 million, you’ll need to come up with $200,000 upfront. Of course, there are always exceptions to the rule. In some cases, you can negotiate a lower deposit. However, you’ll need to have a good reason for this. 

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Commercial property refinance loans in California can be a great option for growing businesses. We pride ourselves on being the go-to lender for small businesses, and our team is dedicated to providing the best possible service. We understand that each business is different, and we work hard to find the right financing solution for your specific needs. Whether you’re looking for a short-term loan to tide you over during a slow period or a long-term loan to finance a major expansion, we’re here to help.

Contact us today on FB, IG, or WhatsApp, or call 818-761-7234 to learn more about our commercial property refinance options in California.