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    Residential Property Only Includes Single-Family Homes or Those with Up to Four Units. Usually, Only Families or Individuals Lease Them. But Commercial Real Estate is Generally for Business Purposes, Including Five Or More Units.

    You Can Break Commercial Real Estate into Five Main Categories:

    • Multifamily: Essentially, Multifamily Homes Are Residential Properties with More Than One Unit, Like Duplexes, Garden Apartments or Assisted Living Facilities.
    • Office Space: They’re Designated as Low-, Mid- or High-Rise Based on Size, And Allow for Multiple Tenants. Examples Include Medical Offices and Suburban Office Buildings.
    • Retail: This Type of Real Estate Is Designated for Businesses That Sell Goods or Services to Consumers. They’re Usually Located in Places Conveniently Accessible, Like Regional Malls and Strip Shopping Centres.
    • Industrial: These Properties Range in Size, Like Office Spaces, And They Host Industrial Operations, Such as Heavy Manufacturing or Light Assembly.
    • Hospitality: This Covers Establishments That Service Travelers, Whether for Meals, Accommodations or Entertainment, Like Hotels and Short-Term Rentals.

    Commercial Office Properties Face Further Classification and Are Broken into Three Class Gradings:

    • Class A: Represents the Highest-Quality Buildings Available. They’re Typically Newer with Top-Tier Construction, Situated in The Best Location.
    • Class B: Can Still Be High-Quality Properties, But Usually Older and Lower-Priced Compared to Class A. Many Investors Flip or Restore These.
    • Class C: Are Generally Distressed and Older. Class C Properties Require Maintenance and Lack an Attractive Location.

    Buying Commercial Property for Personal Use:

    Investors Benefit from Real Estate in More Ways Than Just Financially. Others Purchase a Property for Personal Use. One Method Is the Owner-Occupied Commercial Real Estate Investment Strategy. In This, The Owner Uses the Property to Conduct Business Operations.

    Happy Financial Group Affords You Tax Advantages, Like the Ability to Depreciate and Deduct Annual Interest on The Loan. In Addition, Owning the Property Allows You to Build Equity, Which You Can Sell for More Later. Or, You Can Continue Using the Property as An Income Stream Through Leasing. It’s Also Much Easier to Manage the Property On-Site and Control the Tenant Selection.

    Buying Commercial Property for Investment Purposes

    Buying A Commercial Building as An Investment Property Comes with Its Perks. According to Bank of America, Commercial Property Returns Range Between 6 – 12% Annually; That’s Higher Than the Average on Single-Family Residential Properties (Which Is Typically Around 1 – 4%). There Are Also Tax Advantages, Cash Flow Opportunities and Equity Appreciation When You Buy Your Commercial Property.

    • Land Banking: The Process of Purchasing and Holding Land. Investors Do This to Protect and Grow Their Money, Since It Gets Tied to A Physical and Fixed Asset. They May Sell the Land or Develop It in The Future.
    • Development: An Investor Buys Raw Land to Build On, Sometimes After Waiting for Its Value to Grow. The Direction of Development, Like Condominiums Versus Commercial, Depends on Zoning Laws.
    • Fix and Flip: This Strategy Involves Buying Property, Renovating It and Then Reselling It for A Profit. Investors Usually Purchase Poorly Maintained Land at A Discount.
    • Wholesaling: A Short-Term Real Estate Investing Strategy Where the Wholesaler Buys A Contract from A Property Seller, Typically Below Market Value. Then, The Wholesaler Sells or Assigns the Contract to An Interested Buyer.
    • Passive Investing: This Strategy Is for Investors Who Don’t Want to Be Directly Involved. Instead, They Put Capital into a Real Estate Deal Through the Stock Market, Crowdfunding or Partnering with A More Active Investor.

     

    1. Attorney: A Professional Real Estate Attorney Saves You Time Closing on A Deal, Protects Your Interests During Negotiations, Helps You Understand Applicable Laws, Get Better Pricing and Ensure the Agreement Is Legitimate.
    2. Accountant: An Accountant Handles the Financial Side of Things, Preparing Budgets, Creating Monthly Reports and Generating Any Necessary Statements for Tax Purposes.
    3. Mortgage Broker: A Mortgage Broker Matches You with The Best Lender for Your Needs. They Can Submit Multiple Loan Applications, Increasing Your Approval Chances, And Track Down Agreeable Pricing.
    4. Contractor: These Professional Construction Workers or Companies Oversee the Site, Materials, And More During the Course of The Project. They May Also Come with A Team of Specialized Interior Designers.
    5. Property Manager: This Individual Supervises the Property and Ensures It Has Tenants Who Contribute to The Real Estate’s Value. Property Managers Also Facilitate or Address Repairs for On-Site Issues in The Building. Other Responsibilities Include Collecting Rent, Hiring Contractors and Meeting with Potential Clients.

    Contact Us :

    Address :- 1307 W 6th St #219, Corona, CA 92882
    Phone : (951) 963-9399
    Email : loans@happyinvestmentsinc.com

    FAQ

    What's a mortgage APR?

    Your annual percentage rate, or APR, is one of the many costs that comes with a mortgage. While your mortgage’s interest rate is the annual cost to borrow money (expressed as a percentage), your APR takes other fees and charges into account.

    Your APR includes the loan’s interest rate, any mortgage points you purchase, and lender and broker fees. Looking at your APR can give you a picture of the true cost of your mortgage.

    A mortgage’s APR is usually more than its interest rate.

    What are mortgage fees?

    Charging fees is one way that lenders make money off mortgage loans. Mortgage fees should be listed on your closing documents and may include the following:

    Origination fee
    Application/processing/administrative fee
    Underwriting fee
    Points fee
    Appraisal fee
    Inspection fee
    Attorney review fee
    Private mortgage insurance
    Homeowners insurance
    Title search or insurance fees
    Survey fee
    Prepayment penalty

    What are different types of mortgage loans?

    The most common type of mortgage loan is a conventional loan. Other types are backed by the Federal Housing Administration or are from a special program such as the Veterans Administration or the USDA.

    Most mortgages are conventional, meaning they’re not part of any specific government program — though they’re still subject to federal mortgage laws. Conventional loans typically cost less than FHA loans, but it may be harder to qualify for a conventional loan.

    The FHA regulates and insures FHA loans, and private lenders make the loans. FHA loans allow you to borrow with a lower down payment and generally with lower credit scores. But you may be limited on how much you can borrow through an FHA mortgage.

    Special home loan programs are tailored for certain groups. For example, VA loans are for veterans, military service members or surviving spouses, while USDA loans are for lower- or middle-income borrowers in rural areas.

    What documents do I need for a mortgage?

    Each lender will have its own requirements for what documents to submit when applying for a mortgage. But here’s the info you’ll generally need to provide.

    A month’s worth of paystubs
    W-2s for the past two years
    Your federal income tax return for the past two tax years
    Proof of income
    Recent bank statements
    Proof of your down payment amount, such as a savings account statement
    Documentation of a name change (if you’ve recently changed your name)
    Identification, such as a driver’s license
    Your Social Security number
    A certificate of housing counseling or home-buyer education (if you have one)

    Will mortgage rates go down?

    It depends — mortgage rates are generally influenced by the prime rate. Many banks base their prime rates on the federal funds rate, which is the rate banks charge each other for short-term loans. When the Federal Reserve changes the federal funds rate, mortgage interest rates can react and go up or down.

    But a lower (or higher) prime rate doesn’t necessarily determine the mortgage rate you’ll qualify for. Your credit scores, the type of loan you’re seeking, the price of your home and how much down payment you can afford can also affect your mortgage rate.

    Residential, Commercial, Small Business & Hard Money Loans

    If you are an investor, borrower or a broker trying to get Private Hard Money Loans let us help you by explaining all of your options, and assist you in making a fully informed decision. Happy Investments Inc overriding focus is in satisfying the diverse loan and investment needs of the customers with honesty and integrity, and we do this by consistently providing quality products tailored to their unique needs. For more information, give Happy Investments Inc a call at (951) 963-9399.

    Residential, Commercial, Small Business & Hard Money Loans

    If you are an investor, borrower or a broker trying to get Private Hard Money Loans let us help you by explaining all of your options, and assist you in making a fully informed decision. Happy Investments Inc overriding focus is in satisfying the diverse loan and investment needs of the customers with honesty and integrity, and we do this by consistently providing quality products tailored to their unique needs. For more information, give Happy Investments Inc a call at (951) 963-9399.

    Residential, Commercial, Small Business & Hard Money Loans

    If you are an investor, borrower or a broker trying to get Private Hard Money Loans let us help you by explaining all of your options, and assist you in making a fully informed decision. Happy Investments Inc overriding focus is in satisfying the diverse loan and investment needs of the customers with honesty and integrity, and we do this by consistently providing quality products tailored to their unique needs. For more information, give Happy Investments Inc a call at (951) 963-9399.

    Residential, Commercial, Small Business & Hard Money Loans

    If you are an investor, borrower or a broker trying to get Private Hard Money Loans let us help you by explaining all of your options, and assist you in making a fully informed decision. Happy Investments Inc overriding focus is in satisfying the diverse loan and investment needs of the customers with honesty and integrity, and we do this by consistently providing quality products tailored to their unique needs. For more information, give Happy Investments Inc a call at (951) 963-9399.