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A business owner looks for several financing options when it comes to expanding his business. In that case, a commercial loan comes in handy, but for a successful application, you must first determine the type of commercial loan you need. With the pointers below, Capital Concepts help you choose your financing option from the 5 types of commercial loans in Houston.
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DISCOVER 5 TYPES OF COMMERCIAL LOANS IN HOUSTON WITH CAPITAL CONCEPTS!
Hard Money Loans: This type of loan is secured in the form of real estate as opposed to credit scores of the owners.
As one of the most popular commercial loans in Houston, it is a short-term financing option for fix & flips and buy & hold for investors.
Fixed Interest Rate Loans: The interest rate remains fixed during the whole course of the loan, without any type of fluctuation.
Construction Loans: This short-termed loan is used to finance any construction project to cover the costs before applying for a long-term loan.
Blanket Loans: These are availed by real estate investors to buy more than one piece of property.
It allows the builders to sell a piece of property without paying off the entire blanket mortgage.
Refinancing Loans: These are usually availed to save costs on interest rates. Helps you pay old debts with a new loan.
In need of an instant commercial loan in Houston? Call Capital Concepts for more information!