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Old 09-15-2015, 07:55 AM
Jakeanderson Jakeanderson is offline
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Join Date: Sep 2015
Posts: 1
Default Mortgage advice

I'm in the process of buying an industrial unit. I have approached a mortgage company and they say they will no longer lend money to buy commercial property to private individuals. I do have sufficient income and more than a 50% deposit and yet they still unwilling to lend
Can anyone suggest a bank which would lend out for this sort of unit. ?
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Old 09-21-2015, 01:26 AM
Adamchase Adamchase is offline
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Join Date: Aug 2015
Posts: 6
Default Re: Mortgage advice

You can also consider YC Funding to lend money. this organization have broad network of lenders you contact them to lend money. I am surely say that you will not desperate after contact them.
Below is the contact Details
YC Funding
1680 Michigan Avenue
Detroit MI 48216
United States
(786) 763-2250
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Old 11-24-2015, 11:55 PM
wafiyag wafiyag is offline
Join Date: Jun 2015
Posts: 30
Default Re: Mortgage advice

It is good take suggestion but before coming to any conclusion. I will suggest you to compare loans offered by different banks. Usually, bank offers four types of commercial real estate loan. In which you will get below mentioned types of loan for your real estate business 1.Construction Finance Loans, 2.Lease Rental Discounting Loans, 3.Commercial property finance 4. PHLAN
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Old 03-21-2016, 07:49 AM
olayak olayak is offline
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Join Date: Mar 2016
Posts: 3
Default Re: Mortgage advice

Follow Adamchase suggestion
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Old 09-30-2016, 06:55 AM
Jovanny Jovanny is offline
Join Date: Aug 2016
Posts: 70
Default Re: Mortgage advice

I am not sure of a bank, but a credit union can definitely be of help in case case. I had a friend who was in a similar situation as yours. He got his loan approved from Greater Central Texas Federal Credit Union.
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Old 09-08-2017, 10:44 AM
OCP Biz OCP Biz is offline
Join Date: Jul 2017
Location: Florida, USA
Posts: 79
Default Re: Mortgage advice

It means -- if you need money for new bushiness or buying a property then you have to get loan from bank on your existing property.

For Corporate business --people make finance from mortgages those property.
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