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Homeowner Forum / Construction / April 2005What do banks currently charge for commercial projects?
I am looking to put up a 5000 square foot commercial building. Does anyone out there know what kind of interest rate banks are currently charging for this kind of project? el > I am looking to put up a 5000 square foot commercial building. Does > anyone out there know what kind of interest rate banks are currently > charging for this kind of project? > el Call your (or several) local banks and ask... A specific answer will depend greatly on your business plan. Commercial loans aren't judged like home mortgages--they're much more specific. >> I am looking to put up a 5000 square foot commercial building. Does >> anyone out there know what kind of interest rate banks are currently [quoted text clipped - 5 lines] > A specific answer will depend greatly on your business plan. Commercial > loans aren't judged like home mortgages--they're much more specific. It all depends on the risk......based on credit worthiness. > >> I am looking to put up a 5000 square foot commercial building. Does > >> anyone out there know what kind of interest rate banks are currently [quoted text clipped - 7 lines] > > It all depends on the risk......based on credit worthiness. And your location. |
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