Medical Office Building Loans
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What does determine the type of loan you should choose? The specific use you will give it? what about the property you are planning to purchase? Or maybe the sum of money needed? All these factors matter, but when you cross paths with credits like medical office building loans, you will notice there is more to it: the industry you are part of as a company.
If you are indeed a company or business, you have to research the type of loans available for the industry you are part of. By doing so, you might be able to find options that bring more benefits and better terms based on this alone.
In the case of medical companies and businesses, they are able to access more funds under better terms and conditions that make repayment more flexible and easier. Of course, the previous factors in the questions in the beginning matter as well, which is why you must have your details and information in order.
That being said, the main loans most medical companies request in Florida are medical office building loans, which allow them to finance new properties and renovate spaces without worrying about usual details and conditions included in commercial credits or mortgages. Are the pros of requesting these loans for medical office buildings worth the time and effort in searching for them? Most of the time, they do, but you need to remember that the lender you choose will influence the benefits.
At Commercial Real Estate Loan Pros of Tallahassee, we have been working with these loans for over a decade and thanks to this, we have improved the benefits we offer to medical businesses and companies that are just trying to have more space to provide their services or continue working. Therefore, when you choose us in specific, you can access benefits that include:
- Much lower interest rates: from 3% to 6%—sometimes higher depending on the property and borrower.
- Fixed interest rates.
- Amortization time up to 30 years.
- We can finance both the purchase and remodeling of medical office buildings.
- Higher LTV and LVR ratios.
- Larger loan size.
- Flexibility for quotes and payments.
Requirements to apply for medical office building loans
If you are indeed interested in requesting one, you do not have to worry about a large list of requirements. At Commercial Real Estate Loan Pros of Tallahassee, we focus on the essentials: credit score, collateral, financial records, details about the property, location, and the total cost of the project or purchase.
Other requirements can apply depending on the specific property you want to acquire or have us financing the renovations and other projects. This is why we want to know more details about it and how do you plan to approach the acquisition or renovations. Overall, it is not hard to place your request and the approval depends on how well you comply with the standards, like having a good or excellent credit score or not, providing great collateral, and so on.
However, there is no need to be afraid since we are quite flexible with these loans. Therefore, feel free to apply anytime or ask our team any questions before doing so.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.