FAQs for Commercial Mortgage Truerate Services

101 Frequently Asked Questions for Commercial Mortage Truerate Services

These are 101 FAQs for Commercial Mortage Truerate services along with Answers:-

1. What types of commercial mortgage loans does Truerate Services offer?

Truerate Services offers a variety of commercial mortgage loan products, including fixed-rate, adjustable-rate, interest-only, bridge, and construction loans.

2. What are the qualifications for obtaining a commercial mortgage loan from Truerate Services?

The specific qualifications for obtaining a commercial mortgage loan from Truerate Services will depend on the type of loan product you are interested in. In general, factors that may be considered include your credit score, business financials, the type of property you are looking to finance, and your ability to make the required loan payments.

3. How long does the commercial mortgage loan process take with Truerate Services?

The timeline for obtaining a commercial mortgage loan with Truerate Services can vary depending on a variety of factors, such as the complexity of the loan and the documentation required. However, Truerate Services aims to provide a quick turnaround time, and you may be able to receive a decision on your loan application within days.

4. Does Truerate Services offer refinancing options for existing commercial mortgages?

Yes, Truerate Services offers refinancing options for existing commercial mortgages. Refinancing may be a good option if you want to take advantage of lower interest rates or change the terms of your existing loan.

5. How does Truerate Services determine the interest rate for commercial mortgage loans?

The interest rate for commercial mortgage loans offered by Truerate Services is based on a variety of factors, such as the type of loan, the borrower’s qualifications, and current market conditions.

6. Can Truerate Services help with loan servicing after the loan is approved and funded?

Yes, Truerate Services can help with loan servicing after the loan is approved and funded. Loan servicing may include tasks such as collecting payments, managing escrow accounts, and handling any issues that may arise during the life of the loan.

7. What sets Truerate Services apart from other commercial mortgage lenders?

Truerate Services aims to provide competitive rates, quick turnaround times, and personalized service to their clients. They also have a team of experienced professionals who can guide borrowers through the loan process and help them find the loan product that best meets their needs.

8. Can I apply for a commercial mortgage loan from Truerate Services online?

Yes, Truerate Services offers an online application process for their commercial mortgage loans. You can visit their website to start the application process and submit your application and supporting documentation electronically.

9. Is Truerate Services a direct lender or a broker?

Truerate Services is a direct lender, which means that they provide their own funding for the commercial mortgage loans they offer.

10. What types of commercial properties can be financed with a commercial mortgage loan from Truerate Services?

Truerate Services can provide financing for a variety of commercial properties, including office buildings, retail spaces, industrial properties, and multi-family residential properties.

11. Are there any prepayment penalties for commercial mortgage loans from Truerate Services?

The specific terms of a commercial mortgage loan from Truerate Services may vary, but generally, prepayment penalties may apply if you pay off your loan early.

12. How can I contact Truerate Services if I have questions or need help with my loan application?

Truerate Services provides various ways to contact their team, including phone, email, and an online contact form on their website. They also have a team of loan officers who can answer any questions you may have and guide you through the loan process.

13. What is the maximum loan amount that can be obtained through Truerate Services for a commercial mortgage?

The maximum loan amount for a commercial mortgage through Truerate Services will depend on various factors, including the type of loan, the property’s value, and the borrower’s qualifications.

14. How long can the loan term be for a commercial mortgage from Truerate Services?

The loan term for a commercial mortgage from Truerate Services can vary depending on the type of loan and the borrower’s qualifications. However, terms typically range from 5 to 30 years.

15. Can I get a commercial mortgage loan from Truerate Services if I have bad credit?

Truerate Services considers a variety of factors when evaluating loan applications, including the borrower’s credit score. While having bad credit may make it more difficult to obtain a loan, Truerate Services may still be able to offer loan options for some borrowers.

16. What documents do I need to provide when applying for a commercial mortgage loan from Truerate Services?

The specific documentation requirements for a commercial mortgage loan application will depend on the type of loan and the borrower’s qualifications. However, common documents that may be required include tax returns, financial statements, and property information.

17. Is there an application fee for commercial mortgage loans from Truerate Services?

Truerate Services may charge an application fee for some commercial mortgage loans. The specific fee amount and whether it is refundable or non-refundable may vary depending on the loan product.

18. Can Truerate Services provide pre-approvals for commercial mortgage loans?

Yes, Truerate Services can provide pre-approvals for some commercial mortgage loans. A pre-approval can help borrowers understand how much they may be able to borrow and what loan products may be available to them.

19. Does Truerate Services offer interest-only payment options for commercial mortgage loans?

Yes, Truerate Services offers interest-only payment options for some commercial mortgage loans. This may be a good option for borrowers who want to minimize their monthly payments during the initial term of the loan.

20. Can I use a commercial mortgage loan from Truerate Services to purchase a property that is not yet built?

Yes, Truerate Services offers construction loans that can be used to finance the construction of a new commercial property.

21. What happens if I am unable to make my commercial mortgage loan payments on time?

If you are unable to make your commercial mortgage loan payments on time, you should contact Truerate Services as soon as possible to discuss your options. Depending on the specific circumstances, Truerate Services may be able to offer loan modifications or other forms of assistance to help you get back on track.

22. How long does it take to receive funding for a commercial mortgage loan from Truerate Services?

The timeline for receiving funding for a commercial mortgage loan from Truerate Services can vary depending on the type of loan and the documentation required. However, Truerate Services aims to provide a quick turnaround time, and you may be able to receive funding within a few weeks.

23. Can I use a commercial mortgage loan from Truerate Services to refinance debt on an existing property?

Yes, Truerate Services offers refinancing options for existing commercial properties. This can be a good option if you want to take advantage of lower interest rates or change the terms of your existing loan.

24. What types of businesses are eligible for commercial mortgage loans from Truerate Services?

Truerate Services considers loan applications from a wide variety of businesses, including small businesses, mid-sized companies, and large corporations. The specific eligibility requirements will depend on the type of loan and the borrower’s qualifications.

25. Does Truerate Services offer adjustable-rate commercial mortgage loans?

Yes, Truerate Services offers adjustable-rate commercial mortgage loans that have an interest rate that can change over time. This may be a good option for borrowers who want to take advantage of potentially lower interest rates in the future.

26. How does Truerate Services determine the interest rate for commercial mortgage loans?

Truerate Services considers various factors when determining the interest rate for a commercial mortgage loan, including the borrower’s credit score, the property’s value, and the loan amount. The interest rate may also be affected by market conditions and other factors.

27. Can I get a commercial mortgage loan from Truerate Services if I am self-employed?

Yes, Truerate Services considers loan applications from self-employed borrowers. However, self-employed borrowers may need to provide additional documentation to support their income and financial situation.

28. How can I find out more information about the commercial mortgage loan products offered by Truerate Services?

You can visit Truerate Services’ website to learn more about their commercial mortgage loan products and to start the application process. Additionally, you can contact Truerate Services directly to speak with a loan officer and get more information about their loan options.

29. Can Truerate Services provide funding for properties located in all 50 states?

Truerate Services provides funding for commercial properties located in many states across the United States. However, there may be some restrictions on funding certain types of properties or properties in certain locations.

30. What fees should I expect to pay for a commercial mortgage loan from Truerate Services?

The specific fees associated with a commercial mortgage loan from Truerate Services may vary depending on the type of loan and the borrower’s qualifications. Common fees may include an origination fee, closing costs, and appraisal fees. You should review the loan terms and fee schedule carefully before accepting a loan offer.

31. Can I get a commercial mortgage loan from Truerate Services if I have a low credit score?

Truerate Services considers loan applications from borrowers with a wide range of credit scores. However, borrowers with lower credit scores may face higher interest rates or other terms than borrowers with stronger credit.

32. Does Truerate Services require collateral for commercial mortgage loans?

Yes, Truerate Services typically requires collateral for commercial mortgage loans. The collateral is typically the property that is being financed. In some cases, Truerate Services may also require additional collateral to secure the loan.

33. Can I get prequalified for a commercial mortgage loan from Truerate Services?

Yes, Truerate Services offers a prequalification process that can help borrowers get a sense of their loan options and the terms they may be eligible for. Prequalification does not guarantee loan approval, but it can help borrowers make more informed decisions about their financing.

34. Can I get a commercial mortgage loan from Truerate Services if I have filed for bankruptcy in the past?

Truerate Services considers loan applications from borrowers who have filed for bankruptcy in the past. However, borrowers with bankruptcy in their credit history may face more stringent eligibility requirements or higher interest rates.

35. Can I use a commercial mortgage loan from Truerate Services to finance a property that is not owner-occupied?

Yes, Truerate Services offers financing for both owner-occupied and non-owner-occupied commercial properties. Non-owner-occupied properties may be subject to different terms and eligibility requirements than owner-occupied properties.

36. Can I make additional payments or pay off my commercial mortgage loan early?

Yes, borrowers can typically make additional payments or pay off their commercial mortgage loan early without incurring prepayment penalties. However, borrowers should review the loan terms and fee schedule carefully to understand the specifics of their loan.

37. Does Truerate Services offer SBA 7(a) loans?

No, Truerate Services does not offer SBA 7(a) loans. However, they do offer a variety of other commercial mortgage loan products.

38. What is the minimum loan amount for a commercial mortgage loan from Truerate Services?

The minimum loan amount for a commercial mortgage loan from Truerate Services varies depending on the loan product and the borrower’s qualifications. Borrowers should contact Truerate Services directly to learn more about the specific loan products and requirements.

39. How long does it take to get approved for a commercial mortgage loan from Truerate Services?

The time it takes to get approved for a commercial mortgage loan from Truerate Services can vary depending on a number of factors, including the complexity of the loan application and the borrower’s qualifications. Typically, borrowers can expect to receive a decision within a few business days to a few weeks.

40. Can Truerate Services help me refinance an existing commercial mortgage loan?

Yes, Truerate Services offers refinancing options for borrowers who have an existing commercial mortgage loan. Refinancing can help borrowers lower their interest rate, reduce their monthly payments, or access additional funds.

41. How can I make payments on my commercial mortgage loan from Truerate Services?

Borrowers can typically make payments on their commercial mortgage loan through an online portal or by mailing a check. Some loan products may also allow for automatic payments or other payment options.

42. Can Truerate Services provide financing for multi-family residential properties?

Yes, Truerate Services offers financing for a variety of property types, including multi-family residential properties. Borrowers should contact Truerate Services directly to learn more about their eligibility and financing options.

43. Does Truerate Services offer interest-only payment options for commercial mortgage loans?

Yes, Truerate Services offers interest-only payment options for some of their commercial mortgage loan products. This allows borrowers to make lower monthly payments during an initial period of time, which can be helpful for managing cash flow or making improvements to the property.

44. How long can I get a commercial mortgage loan for from Truerate Services?

The length of a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s needs. Some loan products may have terms of up to 30 years, while others may have shorter terms.

45. Can Truerate Services help me if I am a first-time commercial real estate borrower?

Yes, Truerate Services works with both experienced and first-time commercial real estate borrowers. They offer a range of loan products and can help borrowers understand the financing options that are available to them.

46. What documentation do I need to apply for a commercial mortgage loan from Truerate Services?

The specific documentation required for a commercial mortgage loan application can vary depending on the loan product and the borrower’s qualifications. However, borrowers can typically expect to provide financial statements, tax returns, property appraisals, and other supporting documents as part of the application process.

47. What fees does Truerate Services charge for commercial mortgage loans?

The fees associated with a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s qualifications. However, borrowers can typically expect to pay fees such as loan origination fees, appraisal fees, and legal fees.

48. Can Truerate Services help me with a construction loan for a commercial property?

Yes, Truerate Services offers construction loans for commercial properties. These loans can help borrowers finance the construction or renovation of a property and convert the loan into a permanent mortgage once the construction is complete.

49. Can I apply for a commercial mortgage loan from Truerate Services if I have bad credit?

Truerate Services considers a range of factors when evaluating a borrower’s application for a commercial mortgage loan, including credit history. While having bad credit may make it more difficult to qualify for a loan, it does not necessarily mean that a borrower will be ineligible. Borrowers should contact Truerate Services directly to discuss their specific situation.

50. How does Truerate Services determine the interest rate for a commercial mortgage loan?

The interest rate for a commercial mortgage loan from Truerate Services is based on a number of factors, including the borrower’s creditworthiness, the loan amount, the property type, and the loan term. The interest rate is typically fixed for the duration of the loan.

51. Can I prepay my commercial mortgage loan from Truerate Services?

Some loan products from Truerate Services allow borrowers to prepay their loan without incurring a penalty. However, other loan products may have prepayment penalties or restrictions. Borrowers should carefully review their loan agreement to understand the terms and conditions of their specific loan.

52. What types of commercial properties does Truerate Services finance?

Truerate Services offers financing for a range of commercial property types, including office buildings, retail centers, industrial properties, hotels, and more. They also offer financing for owner-occupied properties, non-owner-occupied properties, and investment properties.

53. Can Truerate Services help me with a bridge loan for a commercial property?

Yes, Truerate Services offers bridge loans for commercial properties. These loans can help borrowers bridge the gap between the purchase of a new property and the sale of an existing property, or fund the renovation or stabilization of a property before it is eligible for permanent financing.

54. Does Truerate Services offer commercial mortgage loans for international borrowers?

Truerate Services primarily offers financing to borrowers in the United States. However, they may be able to work with international borrowers in certain situations. Borrowers should contact Truerate Services directly to discuss their eligibility and financing options.

55. Can Truerate Services provide financing for a commercial property located outside of the United States?

Truerate Services primarily provides financing for properties located within the United States. They may be able to provide financing for properties located outside of the United States in certain situations. Borrowers should contact Truerate Services directly to discuss their eligibility and financing options.

56. What is the minimum loan amount for a commercial mortgage loan from Truerate Services?

The minimum loan amount for a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s qualifications. However, borrowers can typically expect a minimum loan amount of $250,000.

57. How long does it take to get approved for a commercial mortgage loan from Truerate Services?

The approval process for a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s qualifications. Some loans can be approved within a few days, while others may take several weeks or longer.

58. How does Truerate Services service their commercial mortgage loans?

Truerate Services services their commercial mortgage loans directly, which means that borrowers make their loan payments to Truerate Services and work with them to manage their loan over time.

59. Can Truerate Services provide me with an interest rate quote before I apply for a commercial mortgage loan?

Truerate Services can provide borrowers with an estimated interest rate range based on the borrower’s qualifications and the loan product. However, the actual interest rate for a loan will be determined during the application process.

60. What happens if I default on my commercial mortgage loan from Truerate Services?

If a borrower defaults on their commercial mortgage loan from Truerate Services, the lender may take legal action to recover the funds that are owed. This may include foreclosing on the property or pursuing other legal remedies.

61. Can Truerate Services finance a construction project for a commercial property?

Yes, Truerate Services can provide financing for commercial construction projects. They offer construction loans that can help borrowers fund the construction or renovation of a commercial property.

62. Can I use a commercial mortgage loan from Truerate Services to purchase a property that I will use as my primary residence?

Truerate Services primarily provides financing for non-owner-occupied properties, meaning that the borrower does not intend to use the property as their primary residence. However, they may be able to provide financing for owner-occupied properties in certain situations. Borrowers should contact Truerate Services directly to discuss their eligibility and financing options.

63. Can Truerate Services help me refinance an existing commercial mortgage loan?

Yes, Truerate Services can provide refinancing options for existing commercial mortgage loans. Refinancing can help borrowers lower their interest rate, adjust their loan term, or access equity in their property.

64. What documents do I need to provide to apply for a commercial mortgage loan from Truerate Services?

The specific documents required to apply for a commercial mortgage loan from Truerate Services can vary depending on the borrower’s situation and the loan product. Generally, borrowers can expect to provide documentation related to their income, assets, and credit history, as well as information about the property they are seeking to finance.

65. How long is the term for a commercial mortgage loan from Truerate Services?

The term for a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s needs. Some loans may have terms as short as 12 months, while others may have terms as long as 30 years.

66. Does Truerate Services require a down payment for a commercial mortgage loan?

The down payment requirements for a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s qualifications. In general, borrowers should expect to make a down payment of at least 10% of the property’s value.

67. What types of commercial properties can Truerate Services finance?

Truerate Services can finance a variety of commercial properties, including but not limited to office buildings, retail properties, multifamily properties, hotels, warehouses, and industrial properties.

68. How does Truerate Services determine the interest rate for a commercial mortgage loan?

Truerate Services determines the interest rate for a commercial mortgage loan based on a variety of factors, including the borrower’s creditworthiness, the loan amount, the property type, and market conditions.

68. How much can I borrow for a commercial mortgage loan from Truerate Services?

The amount that a borrower can borrow for a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s qualifications. However, borrowers can typically expect to borrow up to 80% of the property’s value.

70. How can I apply for a commercial mortgage loan from Truerate Services?

Borrowers can apply for a commercial mortgage loan from Truerate Services by visiting their website and filling out an online application or by contacting their loan officers directly. The application process typically involves providing documentation related to the borrower’s income, assets, and credit history, as well as information about the property they are seeking to finance.

71. What fees does Truerate Services charge for a commercial mortgage loan?

The fees that Truerate Services charges for a commercial mortgage loan can vary depending on the loan product and the borrower’s qualifications. Some fees that borrowers may be responsible for include application fees, origination fees, and underwriting fees.

72. Can Truerate Services provide me with a pre-qualification for a commercial mortgage loan?

Yes, Truerate Services can provide borrowers with a pre-qualification for a commercial mortgage loan based on their qualifications and the loan product. Pre-qualification can help borrowers determine how much they may be able to borrow and what their interest rate range may be.

73. Can Truerate Services help me secure financing for a commercial property that I want to purchase at auction?

Yes, Truerate Services can help borrowers secure financing for commercial properties that are being sold at auction. However, borrowers should contact Truerate Services as early as possible in the auction process to ensure that they can secure financing before the auction date.

74. What happens if I default on my commercial mortgage loan from Truerate Services?

If a borrower defaults on their commercial mortgage loan from Truerate Services, the lender may take legal action to foreclose on the property and recover the outstanding balance of the loan. Borrowers who are having difficulty making their loan payments should contact Truerate Services as soon as possible to discuss their options.

75. Can Truerate Services provide me with a bridge loan to finance the purchase of a commercial property?

Yes, Truerate Services can provide bridge loans to borrowers who need short-term financing to purchase a commercial property. Bridge loans can help borrowers bridge the gap between the purchase of a new property and the sale of an existing property.

76. How quickly can Truerate Services close a commercial mortgage loan?

The time it takes for Truerate Services to close a commercial mortgage loan can vary depending on the loan product and the borrower’s qualifications. However, they strive to close loans as quickly as possible and may be able to close a loan in as little as two weeks.

77. Does Truerate Services offer commercial mortgage loans to borrowers with less-than-perfect credit?

Truerate Services may be able to provide financing options for borrowers with less-than-perfect credit. However, borrowers with lower credit scores may face higher interest rates or more restrictive loan terms.

78. Can Truerate Services help me finance a commercial property that is located outside of the United States?

Truerate Services primarily provides financing for commercial properties located in the United States. However, they may be able to provide financing for properties located in certain other countries on a case-by-case basis.

79. Does Truerate Services offer fixed-rate and adjustable-rate commercial mortgage loans?

Yes, Truerate Services offers both fixed-rate and adjustable-rate commercial mortgage loans. Borrowers can choose the type of loan that best fits their needs.

80. Can Truerate Services finance a commercial property that is still under construction?

Yes, Truerate Services can provide financing for commercial properties that are still under construction. These loans are typically known as construction loans and provide funding for the construction phase of a project. Once the project is completed, the construction loan can be converted to a permanent mortgage loan.

81. What is the maximum loan term for a commercial mortgage loan from Truerate Services?

The maximum loan term for a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s qualifications. However, loan terms are typically between 10 and 30 years.

82. Can Truerate Services provide financing for owner-occupied commercial properties?

Yes, Truerate Services can provide financing for owner-occupied commercial properties. Owner-occupied properties are those in which the borrower operates their own business on the premises.

83. Does Truerate Services require a minimum credit score for borrowers applying for a commercial mortgage loan?

Truerate Services does not have a specific minimum credit score requirement for borrowers applying for a commercial mortgage loan. However, borrowers with higher credit scores may be able to secure better loan terms and lower interest rates.

84. Can Truerate Services provide financing for commercial real estate investments in Opportunity Zones?

Yes, Truerate Services can provide financing for commercial real estate investments in Opportunity Zones. These zones are designated by the federal government and provide tax incentives for investments in economically distressed areas.

85. How much experience does Truerate Services require for borrowers seeking a commercial mortgage loan?

Truerate Services does not have a specific experience requirement for borrowers seeking a commercial mortgage loan. However, borrowers with more experience in the commercial real estate industry may be able to secure better loan terms and more favorable interest rates.

86. Can Truerate Services help me refinance my existing commercial mortgage loan?

Yes, Truerate Services can help borrowers refinance their existing commercial mortgage loans. Refinancing can help borrowers lower their monthly payments, reduce their interest rates, and/or access equity in their properties.

87. What types of commercial properties can Truerate Services provide financing for?

Truerate Services can provide financing for a wide range of commercial properties, including office buildings, retail centers, industrial warehouses, multi-family properties, hotels, and more.

88. How much can I borrow with a commercial mortgage loan from Truerate Services?

The amount that borrowers can borrow with a commercial mortgage loan from Truerate Services can vary depending on the loan product, the borrower’s qualifications, and the value of the property. However, loan amounts typically range from $250,000 to $5 million or more.

89. Can Truerate Services help me secure financing for a commercial property that I want to lease to a tenant?

Yes, Truerate Services can provide financing for commercial properties that are being leased to tenants. In fact, many commercial mortgage loans are structured with the expectation that the property will generate rental income.

90. How much of a down payment do I need for a commercial mortgage loan from Truerate Services?

The down payment required for a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s qualifications. However, borrowers may need to provide a down payment of 10% to 30% or more of the purchase price of the property.

91. Can Truerate Services provide financing for commercial real estate investments made through a self-directed IRA?

Yes, Truerate Services can provide financing for commercial real estate investments made through a self-directed IRA. However, borrowers should consult with a financial advisor or tax professional to determine the best investment strategy for their individual needs.

92. Does Truerate Services require borrowers to provide personal guarantees for commercial mortgage loans?

Truerate Services may require borrowers to provide personal guarantees for commercial mortgage loans, particularly if the borrower is a small business owner or if the loan is secured by a property with limited value. Personal guarantees help to ensure that the borrower is personally responsible for the loan if the business is unable to repay it.

93. Can Truerate Services provide financing for international commercial real estate investments?

Truerate Services may be able to provide financing for international commercial real estate investments on a case-by-case basis. However, borrowers should be aware that international investments can present additional risks and challenges, and may require more extensive due diligence.

94. Can Truerate Services provide financing for commercial real estate developments?

Yes, Truerate Services can provide financing for commercial real estate developments, including new construction, renovation, and expansion projects.

95. How long does it take to process a commercial mortgage loan application with Truerate Services?

The time it takes to process a commercial mortgage loan application with Truerate Services can vary depending on the loan product, the borrower’s qualifications, and the complexity of the transaction. However, the application process typically takes several weeks to a few months.

96. Can Truerate Services provide financing for commercial properties that are located in rural areas?

Yes, Truerate Services can provide financing for commercial properties that are located in rural areas. However, borrowers should be aware that properties in rural areas may present additional challenges and may require more extensive due diligence.

97. What fees and closing costs are associated with a commercial mortgage loan from Truerate Services?

The fees and closing costs associated with a commercial mortgage loan from Truerate Services can vary depending on the loan product and the borrower’s qualifications. However, borrowers can expect to pay fees for things like appraisals, title searches, and loan origination, as well as closing costs like recording fees and transfer taxes.

98. How can I apply for a commercial mortgage loan from Truerate Services?

Borrowers can apply for a commercial mortgage loan from Truerate Services online or by contacting a loan officer directly. The application process typically involves providing information about the borrower’s business and financial history, as well as information about the property to be financed.

99. Can Truerate Services provide financing for commercial properties that are owned by a trust or LLC?

Yes, Truerate Services can provide financing for commercial properties that are owned by a trust or LLC. However, borrowers should be prepared to provide additional documentation and information about the ownership structure of the property.

100. Can Truerate Services refinance an existing commercial mortgage loan?

Yes, Truerate Services can refinance an existing commercial mortgage loan. Refinancing can allow borrowers to lower their monthly payments, reduce their interest rate, or access equity in their property.

101. What factors does Truerate Services consider when evaluating a commercial mortgage loan application?

Truerate Services evaluates a variety of factors when considering a commercial mortgage loan application, including the borrower’s creditworthiness, financial history, and experience in the commercial real estate market. They also evaluate the property being financed, including its value, location, and potential for generating income.