Commercial property purchases require commercial loans. The lenders assess these transactions similar to a residential home loan, in that you need to have a contribution and you must be able to service the debt. However the lenders have a stricter criteria they want you to be able to meet. It isn’t uncommon for Lenders to specialise in this field. So knowing the right lender, and putting forward a compelling application will increase your chances of not only securing a loan, but a loan with a better rate and terms. This is due to the lender understanding you and your financial position, goals, objectives and your risk management strategy both personally and professionally.
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Commercial lending is often complicated and time consuming. Working together with Quora will eliminate unnecessary delays and structural issues often experienced when dealing direct with financial institutions.
Quora Financial has extensive experience in dealing with both small and large scale commercial lending – offering you expert advice for all your commercial finance needs.
