Avatar's Blog

» The Commercial Mortgage Industry

Posted on 2/8/2005

Commercial mortgages differ from residential mortgages in many ways - different kinds of lenders, generally higher risk and therefore higher rates, and higher loan amounts. Avatar fits into the niche of non-conforming loans - when a commercial mortgage broker or banker can't make your loan work, due to timing issues, risk or other factors, Avatar can step in to save the day.

The loans we provide, however, are short-term and are designed to be bought out by a loan at a lower rate from a standard commercial mortgage lender in the future. Although our loans and terms are exceptionally flexible, the maximum we can lend out for is 3 years.

Posted in Miscellaneous