Commercial Mortgage Lender
Reasons To Use Mercantile Capital Corporation As Your Commercial Mortgage Lender
So, why choose Mercantile Capital Corporation as your Commercial Mortgage Lender? Well there are three main reasons that differentiate us from other Commercial Mortgage Lenders and define smarter financing for business owners.
First, is the down payment amount. Typically, ordinary bankers require anywhere from 20 to 30 percent of the purchase price of commercial property as a down payment, which, we believe, is not the best capital utilization for a small business owner. It reduces the risk for the banker, but not for the business owner. We, on the other hand, require only one-third to one-half that amount for a down payment. In other words, we finance up to a 90 percent loan-to-cost for most of our borrowers, That’s a big distinction. We call it “equity savings,” which can now be reinvested in your business. And by doing so, you’ll probably get much higher cash on cash returns on that capital than what you could in even owning your commercial real estate.
The second differentiation between regular bank financing and our kind of financing is the length of the terms we offer. An ordinary bank gives much shorter terms because they want this risk (that’s how they view it) to get paid off more quickly, which means a fifteen- or twenty-year term instead of the twenty-five-year term that we offer. Yet those extra five or ten years make a dramatic impact on monthly cash flow for the business owner, as the payments are obviously smaller.
Third, we specialize in a very little known commercial loan program that we believe is the best one out there. For years the banking community has done a disservice by not educating the small business community about this particular program. It is the least expensive capital that a business owner can find, and it happens to be the program that we specialize in. In fact, we are one of the nation’s leading experts on this particular program and we call our brand of it The SmartChoice Loan.
Ultimately, this is our definition of smarter financing: 1) put as little down as you can, 2) get the longest term you can, and 3) get a below-market fixed interest rate for as long as you can.
Doing this allows you to use your capital as you best see it, rather than increasing your risk (while lowering the risk to your commercial mortgage lender). After all, business owners shouldn’t be concerned about the bank’s risk; they have to be concerned about their own risk.
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