Banks Near Austin TX 78615

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Sherri Grocke

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Jun 16, 2019, 4:53:02 PM6/16/19

to Guaranty Bank & Trust Austin 78615

COMMERCIAL REAL ESTATE LOAN

Commercial real estate (CRE) is that branch of real estate that is used solely for business purposes and monetary gain. This includes retail outlets, office buildings, business parks, hotels, and residential complexes. Financing these business ventures typically comes from commercial real estate loans. These loans are secured by liens on commercial, rather than residential, property.

Unlike residential loans, commercial loans are paid over the course of 5 to 20 years from the day of procuring the credit. The amortization period is often longer than the term of the credit. The rates of interest the lender charges depends on the length of the loan term and the amortization period. The longer the loan repayment schedule, the higher the interest rates.

Commercial loans are subject to higher rates of interest than residential credits. In addition, commercial real estate loans include fees that add to the overall cost of the loan. This includes fees levied on appraisals and credit application.

Custom solutions to grow your business…literally. Whether you’re looking to purchase, build, develop, or refinance property, we have a variety of fixed and variable commercial loans that come from a trusted, experienced, local lender backed by a bank with over 100 years of experience in helping businesses succeed.

Owner-occupied projects
Commercial construction loans
Residential tract development
Construction and permanent loans for income producing properties and developers
Any other real estate project