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Refinancing Commercial Properties: What to Know | James Kassouf | Property Investment
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REFINANCING COMMERCIAL PROPERTIES: WHAT TO KNOW
by James Kassouf | Jun 29, 2021 | Blog, James Kassouf, Property Investment, real estate
Refinancing commercial property is the process of acquiring a new loan with the intent of clearing an existing one. Property owners often go for this option to improve their loan terms. Here are aspects they need to understand about commercial property finance before they consider it.
Types of Commercial Real Estate Refinance Loans SBA Loans
These are loans that a government agency offers to entrepreneurs that are starting in the industry. The loans help them purchase new inventory or refinance their debts. For the property owners to qualify for this loan, they need to maintain a good credit history.
Commercial Refinance
This type of loan allows a property owner to take a mortgage loan to pay for other loans. It intends to take advantage of the minimal interest rates offered.
Requirements for Commercial Property Refinancing https://jameskassouf.info/refinancing-commercial-properties-what-to-know/
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