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Commercial real estate finance?

Last updated: April 22 2010
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  • Commercial real estate finance?

    Hi Members,

    Do you guys know of the procedure to go through for securing commercial Real estate finance / loan from banks or NBFC?
    I am finding it difficult to even speak to someone who knows about commercial real-estate financing let alone get any banks to approve it.
    Residential properties have rows of banks lining up to give loans but that doesn't seem to be the case for commercial real-estate.

    Help!!!!

    THANKS
    Last edited July 23 2009, 07:48 PM.
  • #2

    #2

    Re : Commercial real estate finance?

    Hi Unitz,

    I have the exact same question.
    Did you happen to find anything more on this?

    Thanks

    Comment

    • #3

      #3

      Re : Commercial real estate finance?

      Hi Tekki,

      After some substantial search, I did narrow down to Reliance consumer finance. They were eager to finance and were having the best rates around 12.5 PA compared to others like AXIS bank.
      Good luck !

      Comment

      • #4

        #4

        Re : Commercial real estate finance?

        12.5 % p.a.??

        Isnt it better to then take a loan against property at 11% to finance purchase of commercial real estate??

        What is the rate being charged by regular banks for loans to purchase commercial office space?

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