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Mortgage rate

What is current mortgage interest rate for financing convenience store?1175 Justin RD,, Flower Mound , TX75028 by krisbh_279_960 from Flower Mound, Texas. Apr 24th 2012 Reply


Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions

Interest rates on commercial property loans will generally be priced based upon the risk assessed by the lender. Your best bet is to locate a local commercial lender. You can try the Scotsman Guide, at www.scotsmanguide.com/ to find one. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

Apr 24th 2012
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Brad Cahoone (info@globalhomefinance.com)
#87 ranked lender in Texas - 1,042 contributions

That depends on multiple variables. Your credit, loan to value, etc. I am local and happy to assist you at no charge to evaluate your situation. Brad CahooneGlobal Home Finance Inc.972-724-3222bcahoone@globalhomefinance.com

Apr 24th 2012
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MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions

hi: could you provide me with the estimated value of the store? We can basically go the conventional commercial or hard money route if you'd like. If you'd like to get more information, please contact me at 703 505 5300...Mike Convin ( I am a loan officer for a credit union on the residential side and as well as on the commercial sector). NMLS #754875

Apr 24th 2012
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Beware of anyone quoting an interest rate on a commercial property without fully reviewing the complete loan profile. In general, commercial loan look at the level of risk associated with that particular property loan.. if you have a convenience store right on the beach in San Diego, you will get much more favorable loan terms if it's in a high crime area, poor neighborhood or industrial area. The only way anyone can be accurate is to contact a commercial lender and apply with them... as Bert said, the best source is Scotsman Guide. WilliamAcres.com

Apr 24th 2012
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Peter Valletutti (PeteVall)
#114 ranked lender in Texas - 10 contributions

Yes,..Depending on your Credit and the 'Net Income' the Station is generating. Anywhere from 3.5% to 6%.Contact me for details through 'Lender411'.Pete Valletutti972-599-5900

May 8th 2012
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