Restaurant Funding USA

Commercial loans - mortgages can be used for the following:

* Shopping centers, industrial buildings, office buildings
* Golf courses, resorts, hotels, parking garages, car washes
* Construction loans, ground leases, seconds, wraparounds, etc. . (Import-Export Bank Programs)

Commercial Loans Types:

Acquisition and Development

• Raw land infrastructure development (streets, utilities, etc.)

Adjustable Commercial Mortgage

• Interest moves with a specific index (Prime, T-Bills, etc.)

Construction Mini-Perm

• Construction with 3 to 5 year loan, usually on income property.

Construction Loan with Take-out

• Construction with pre-arranged takeout loan in place.

Fixed Rate Commercial Mortgage

• Interest Rate remains constant throughout the term.

Hard Money Loan

• Loans from private lenders based primarily on the hard asset value (commercial building, vacant land, etc.).

Interim Loan

• A short term (2 yrs or less), bridge or project type loan.

Joint Venture

• A financial partner in the development of real estate.

Participating Mortgage

• Lender receives a kicker for gross income above a preset level.

Real Estate Sale and Leaseback

• Lender purchases land and leases back to borrower (generally developer) for a fixed rent plus other considerations. Mortgages are issued on leasehold at market rates. Usually, produces more dollars than a mortgage.

Real Estate Purchase Loan

• Lending for the purchase of commercial real estate.

Second Mortgage (Commercial)

• Loan secured by equity behind that of the first lien.

Wraparound

• Lender makes a second mortgage and assumes the first mortgage.