Commercial Loan interest rates? Best way to apply? Tips?
I am applying for a large commercial loan. I have a credit rating of 792. What are the best rates I should shoot for? What is the best way to go about getting the best rates? Anything I need to lookout for? by hadmat from , . Jul 18th 2011
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
There is no 'standard market" in commercial lender like there is in the standard home loan world. No Fannie Mae, No Freddie Mac, No FHA, etc. Each lender essentially makes up their own rules. Good credit helps, but Commercial loans focuses more on the property than the person, more on the does it make sense. To get the best deals is generally about down payment size.
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