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Commercial Mortgage in North Carolina
Find lenders offering commercial mortgage in North Carolina. traditional long-term financing for stabilized commercial properties.
Typical Rate
6% - 8%
Down Payment
20-30%
Term
5-30 years (often 5-10 year terms with 25-30 year amortization)
Closing Time
30-60 days
About Commercial Mortgage in North Carolina
Conventional commercial mortgages provide long-term financing for stabilized, income-producing commercial properties. Offered by banks, credit unions, and institutional lenders with competitive rates for qualified borrowers and properties. Whether you're looking to finance a property in North Carolina's major metros or smaller markets, Commercial Mortgage lenders in NC offer loan amounts from $250K to $50M with rates typically ranging from 6% - 8%.
Who Should Consider Commercial Mortgage?
- Stabilized income properties
- Long-term holds
- Refinancing
- Experienced investors
Key Requirements in North Carolina
- Stabilized property with income history
- DSCR ≥ 1.20-1.25
- LTV ≤ 75-80%
- Borrower experience and liquidity
Pros and Cons
✅ Advantages
- ✓Lower rates than bridge/hard money
- ✓Longer terms
- ✓Predictable payments
- ✓Build equity over time
⚠️ Considerations
- •Stricter underwriting
- •Longer closing timeline
- •Prepayment penalties
- •Recourse may be required
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