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Commercial Mortgages Georgia

Commercial mortgages are mortgages that use a commercial property as collateral. This site will explain how commercial mortgages are structured and serve as a guide to for all types of Georgia commercial real estate financing needs.
1. Local Companies
2. Commercial Mortgages - Info
3. Commercial Lenders in Georgia
4. Developing a Business Plan
5. Featured Local Company

1. Local Companies

JR Financial Mortgage
770-410-7588
2555 Roxburgh Dr.
Roswell, GA
NovaStar Home Mortgage Inc.
800-949-9097
1 Glenlake Parkway
Atlanta, GA
Cummings Mortgage Co.
706-295-7165
111 Bridgepoint Plaza Ste 302
Rome, GA
IP Communications
+1 678 460 1475
1343 Canton Road
Marietta, GA
Wachovia Mortgage Corporation
770-420-0155
3351 Riverwood Parkway, 2nd Floor
Atlanta, GA
Regencny Mortgage, LLC
(770) 933-3800
100 Galleria Parkway
Atlanta, GA
The Perpetual Financial Group, Inc.
770-972-4955
1911 Grayson Hwy, Suite 8 #339
Grayson, GA
1st USA Mortgage Corporation, Inc.
678-201-5904
1080 Holcomb Bridge Road Roswell
Roswell, GA
Peachtree Mortgage Services
(770) 481-0052
5305 Claridge Square
Dunwoody, GA
Buckhead Financial
(404) 786-1171
16 Lenox Pointe
Atlanta, GA


2. Commercial Mortgages - Info

Commercial Mortgages usually involve the financing of a business property such as a hotel, warehouse, retail store, factory, or any other building that is for generating income through manufacturing, sales, or the performance of services. In order to finance the operation, a company or its shareholders must obtain financing for various items such as the building, land, and other sub-structures that are part of the property on which the business is situated. The commercial mortgage may also include equipment that is included as a permanent part of the structure or within the terms of the sales contract much as a residential mortgage lender would finance appliances that were included within the purchase price of the home.

Unlike most residential mortgages, commercial mortgages usually begins at approximately $200,000 and can exceed $1,000,000 easily. The purpose of a commercial mortgage can range from a new purchase to renovations, additions, or a refinance of the original loan. The term of the loan can range from 15 to 30 years and sometimes longer depending on the amount of the loan and the type of business. In most cases, 90-95% financing is available with special programs for those who are credit-challenged or have credit scores below 580. Contingent upon the lender, there may be different requirements for borrowers who are new business-owners even if they have good personal credit. It is likely that a new business owner does not have experience with the high line of credit that is involved with a commercial mortgage and may be required to make a larger down payment or obtain a guarantor in order to finance his venture.

3. Commercial Lenders in Georgia

Commercial Lenders in Georgia Although most mortgage companies will handle either commercial or residential financing, it’s better to work with a lender who specializes in commercial lending. Many reasons make it sensible to do this including the fact that a lender who specializes in commercial lending will be in a better position to work with a borrower who has weak credit or one who does not have credit experience to substantiate the size of the loan he requires to purchase the business in which he is interested. Not only that, but a commercial lender is more familiar with the commercial market and how it works. He will know if the business venture you are attempting to pursue is one in which he is interested in investing, which, in essence is what the lender is doing when he loans money for a commercial loan.

Unlike a residential mortgage, commercial mortgages do not usually end at the settlement table. Certainly, there may be times when you will return to the lender for additional funds, but with a commercial mortgage, there frequently seems to be a reason for additional funding for many different reasons such as major repairs or renovations, additional workspace, additional manufacturing or warehouse facilities, and much more. Where a residential homeowner would take an equity loan, a business owner tends to favor refinancing since additional funding is usually quite substantial, thus making it more economically feasible to refinance the entire mortgage instead of carrying two separate mortgages. In most cases commercial mortgages cover more than simply the building, so whenever new equipment is added, it tends to be part of the permanent structure or sub-structure of the building.

4. Developing a Business Plan

Developing a Business Plan One of the most difficult tasks that a new or potential business owner must undertake is that of developing a business plan. For the inexperienced owner, he may think that it’s an easy task, and he plans to be making $1,000,000 within six months. The problem is that he is not working with a realistic goal. Your business plan needs to show methods for slow but steady progression for several years rather than a sudden jump from having a deficit to making a huge profit.

In order to write the most realistic business plan, you should consult with an accountant who is familiar with the type of business you are undertaking. If you are buying into an already existing business, the best person to consult is the accountant who handles business for the current owner. He has all of the current information on the business, and unless the sale is forced as in an unfriendly merger, he will be more than willing to share with you the current finances of the company.

Writing a business plan for a new venture will be a little trickier, but if you sit down with your accountant, you can write a plan that has realistic goals. With the expertise of your accountant who knows or is able to research the type of business you are entering, you can come up with a plan that sounds both promising and realistic. Your job is not to write a plan that will impress lenders and investors with quick sales figures because these are business people, and they will know if you have goals that seem unattainable. Showing steady progression over several years will show them that you not only have realistic goals but that you have knowledge of the industry.

5. Featured Local Company

American Source Mortgage

6788677088
11255
roswell, GA
www.americansourcemortgage.com

Read more about Commercial Mortgages

Regional Articles
- Commercial Mortgages Acworth GA
- Commercial Mortgages Adairsville GA
- Commercial Mortgages Albany GA
- Commercial Mortgages Alpharetta GA
- Commercial Mortgages Americus GA
- Commercial Mortgages Athens GA
- Commercial Mortgages Atlanta GA
- Commercial Mortgages Auburn GA
- Commercial Mortgages Augusta GA
- Commercial Mortgages Austell GA
- Commercial Mortgages Barnesville GA
- Commercial Mortgages Baxley GA
- Commercial Mortgages Blackshear GA
- Commercial Mortgages Blairsville GA
- Commercial Mortgages Bremen GA
- Commercial Mortgages Brunswick GA
- Commercial Mortgages Buford GA
- Commercial Mortgages Byron GA
- Commercial Mortgages Calhoun GA
- Commercial Mortgages Canton GA
- Commercial Mortgages Carrollton GA
- Commercial Mortgages Cartersville GA
- Commercial Mortgages Cedartown GA
- Commercial Mortgages Chatsworth GA
- Commercial Mortgages Chickamauga GA
- Commercial Mortgages Clarkesville GA
- Commercial Mortgages Clarkston GA
- Commercial Mortgages Cleveland GA
- Commercial Mortgages Cochran GA
- Commercial Mortgages Columbus GA
- Commercial Mortgages Commerce GA
- Commercial Mortgages Conyers GA
- Commercial Mortgages Cordele GA
- Commercial Mortgages Cornelia GA
- Commercial Mortgages Covington GA
- Commercial Mortgages Cumming GA
- Commercial Mortgages Dacula GA
- Commercial Mortgages Dahlonega GA
- Commercial Mortgages Dallas GA
- Commercial Mortgages Dalton GA
- Commercial Mortgages Dawsonville GA
- Commercial Mortgages Decatur GA
- Commercial Mortgages Douglas GA
- Commercial Mortgages Douglasville GA
- Commercial Mortgages Dublin GA
- Commercial Mortgages Duluth GA
- Commercial Mortgages Eastman GA
- Commercial Mortgages Eatonton GA
- Commercial Mortgages Elberton GA
- Commercial Mortgages Ellenwood GA
- Commercial Mortgages Ellijay GA
- Commercial Mortgages Evans GA
- Commercial Mortgages Fairburn GA
- Commercial Mortgages Fayetteville GA
- Commercial Mortgages Fitzgerald GA
- Commercial Mortgages Flowery Branch GA
- Commercial Mortgages Forest Park GA
- Commercial Mortgages Forsyth GA
- Commercial Mortgages Fort Benning GA
- Commercial Mortgages Fort Stewart GA
- Commercial Mortgages Fort Valley GA
- Commercial Mortgages Gainesville GA
- Commercial Mortgages Glennville GA
- Commercial Mortgages Gray GA
- Commercial Mortgages Grayson GA
- Commercial Mortgages Griffin GA
- Commercial Mortgages Grovetown GA
- Commercial Mortgages Guyton GA
- Commercial Mortgages Hampton GA
- Commercial Mortgages Hartwell GA
- Commercial Mortgages Hawkinsville GA
- Commercial Mortgages Hazlehurst GA
- Commercial Mortgages Hephzibah GA
- Commercial Mortgages Hinesville GA
- Commercial Mortgages Hiram GA
- Commercial Mortgages Jackson GA
- Commercial Mortgages Jasper GA
- Commercial Mortgages Jefferson GA
- Commercial Mortgages Jesup GA
- Commercial Mortgages Jonesboro GA
- Commercial Mortgages Kennesaw GA
- Commercial Mortgages Kingsland GA
- Commercial Mortgages La Fayette GA
- Commercial Mortgages Lagrange GA
- Commercial Mortgages Lawrenceville GA
- Commercial Mortgages Leesburg GA
- Commercial Mortgages Lilburn GA
- Commercial Mortgages Lithia Springs GA
- Commercial Mortgages Lithonia GA
- Commercial Mortgages Locust Grove GA
- Commercial Mortgages Loganville GA
- Commercial Mortgages Lyons GA
- Commercial Mortgages Mableton GA
- Commercial Mortgages Macon GA
- Commercial Mortgages Madison GA
- Commercial Mortgages Marietta GA
- Commercial Mortgages Mcdonough GA
- Commercial Mortgages Milledgeville GA
- Commercial Mortgages Monroe GA
- Commercial Mortgages Morrow GA
- Commercial Mortgages Moultrie GA
- Commercial Mortgages Newnan GA
- Commercial Mortgages Norcross GA
- Commercial Mortgages Peachtree City GA
- Commercial Mortgages Perry GA
- Commercial Mortgages Powder Springs GA
- Commercial Mortgages Rex GA
- Commercial Mortgages Richmond Hill GA
- Commercial Mortgages Rincon GA
- Commercial Mortgages Ringgold GA
- Commercial Mortgages Riverdale GA
- Commercial Mortgages Rockmart GA
- Commercial Mortgages Rome GA
- Commercial Mortgages Rossville GA
- Commercial Mortgages Roswell GA
- Commercial Mortgages Saint Marys GA
- Commercial Mortgages Saint Simons Island GA
- Commercial Mortgages Sandersville GA
- Commercial Mortgages Savannah GA
- Commercial Mortgages Sharpsburg GA
- Commercial Mortgages Smyrna GA
- Commercial Mortgages Snellville GA
- Commercial Mortgages Statesboro GA
- Commercial Mortgages Stockbridge GA
- Commercial Mortgages Stone Mountain GA
- Commercial Mortgages Summerville GA
- Commercial Mortgages Suwanee GA
- Commercial Mortgages Swainsboro GA
- Commercial Mortgages Sylvania GA
- Commercial Mortgages Sylvester GA
- Commercial Mortgages Thomaston GA
- Commercial Mortgages Thomasville GA
- Commercial Mortgages Thomson GA
- Commercial Mortgages Tifton GA
- Commercial Mortgages Toccoa GA
- Commercial Mortgages Tucker GA
- Commercial Mortgages Union City GA
- Commercial Mortgages Valdosta GA
- Commercial Mortgages Vidalia GA
- Commercial Mortgages Villa Rica GA
- Commercial Mortgages Warner Robins GA
- Commercial Mortgages Watkinsville GA
- Commercial Mortgages Waycross GA
- Commercial Mortgages Waynesboro GA
- Commercial Mortgages Winder GA
- Commercial Mortgages Woodstock GA
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