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Commercial Refinance – Part 2

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Commercial Refinance – Part 2

4 things to know prior to commercial refinance:
Personal liability Even though the entity taking the loan will be an NNC, you are personally liable.
Prepayment terms If you want to pay early, you will be hit with pre-payment.
Importance to consider When you take out a mortgage you’ll have taxes, so you will want to negotiate the terms so you do not have to pay all the fees.
Source of the funds from where you’ll make the payments on this loan If you have home banking institution, you shouldn’t need to open a new account. Zand & Fine LLC has real great options that can help you with all your needs.

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