commercial loans and construction loans

Borrowing Funds for a Commercial Loan in 5 Steps

Chris Gallant Commercial Mortgage

Commercial loans, as well as construction loans, are more complicated than residential loans. When seeking a commercial loan, especially a construction loan, most borrowers have 3 burning questions they need to be answered first. What’s involved in the commercial loan or construction loan process? What it is based on? Why …

commercial real estate

5 Best Commercial Real Estate Investments

Chris Gallant Uncategorized

Are you looking for the best commercial real estate to invest in today? You will probably need a commercial mortgage to seal the deal. Real estate is one of the best choices to invest your money. It can become an excellent long-term investment where it can provide an ongoing passive …

commercial mortgages

Do you Qualify for a Commercial Mortgage?

Chris Gallant Uncategorized

One difference between a commercial mortgage and a residential one is the commercial borrower would be a business, not an individual. Your business is growing! That’s amazing because our economy could sure use a boost. It’s a much more difficult process but hang in there. I can help you get …

mortgage terms

Mortgage and Loan Terms

Chris Gallant Uncategorized

The mortgage world is complicated. Fortunately, that’s why I’m here. Before we start working together, get familiar with the language. Here is a full list of terms and their definitions mortgage brokers use. Looking forward to speaking the same language. Mortgage Terms Amortization Period The Amortization period represents the period …

Commercial Loan: Asset vs. Repayment

Commercial Loan: Asset vs. Repayment: DSCR

Chris Gallant Uncategorized

When borrowing money for a commercial loan or mortgage, the first thing that a lender considers is repayment, not asset. The lender needs to know that you can service the debt. They use what’s known as a DSCR or Debt Service Coverage Ratio to determine it. The debt service coverage …