Anikim Credit Corp, a national mortgage recruiting and consulting firm, is now assisting commercial real estate loans in San Francisco though the company's San Francisco commercial real estate lenders, PRWeb.com reports.
AnikimCreditCorp.com which has been helping mortgage lenders with "secondary market for mortgages" has just created a new division entirely made for commercial real estate loans, PR Web adds. This new division will cater to potential lendees in search of commercial lenders for their specific needs.
In an official video the company explained why its new venture is different from other commercial lenders. Here's the list:
1. Experienced
The company has over 40 years of experience in commercial real estate transactions. The spokesperson for the company proudly explains that it has been a lender and "corresppondent for and with" several companies including nine individual insurance companies, four large pension funds and more than 40 hedge funds. The company has reportedly established relationships with various banks, not just savings banks but commercial banks, too.
2. Offers More Than One Product
The company does not just offer one type of loan and claims they also have in-house products. The spokesperson states that the company can look for the best rates and terms to suit an individual's need.
3. Not Limited to In-House Programs
In-house program may be the only one option for those seeking loans in most local banks. Through the company, lendees could get more options which are "similar" and "superior" than what they will get from others.
It is good to know that there's a new venue for businessmen to expand their business through commercial real estate loans. A word of caution though from C Loans : one must take note that a commercial real estate loan process may take longer than that of a home loan.
Thus, C Loans has provided several tips for those seeking commercial loans:
1. You may still ask from a local bank
Aside from being practical, as it is just within your area, local banks offer lower rates. The process may be faster since the local bank would know you better than other banks farther from your business.
2. Ask quotes from several lenders
Different lenders have different criteria, so for you to have the best rates and terms, you might as well ask various lenders who would give you a quote. Remember, for a business to grow well, every penny counts.
3. Secure a loan before it's too late
The whole loan process may take a while. Some may say it would take around 45 days. Be prepared for the worst and start early before you let go of your business and be forced to declare bankruptcy.
To know more about Anikim Credit Corp., check out their video on commercial real estate loans:
