Commercial Loan Programs
Westar Lending Group offers many different types of commercial hard money loans. Since the circumstances of our borrowers differ, we offer a number of different ways to quality for your loan.
Interest-only is our most popular commercial hard money loan because it offers borrower’s the lowest monthly mortgage payment. It allows for as low a monthly payment as possible to provide for maximum monthly cash flow as well as the time to take corrective action on credit and income problems which, in the end, will help to secure a lower interest rate commercial loan prior to original loan maturity.
Fully Amortized Payment
Fully amortized commercial loans offers monthly loan payments that will pay off your commercial loan by the end of the loan term. Although payments may be higher than an interest-only loan, the advantage is that subsequent financing is not needed to pay off the loan.
Partially Amortized Payment
Partially amortized commercial loans add principal to the monthly mortgage payment that will lead to a partial pay down of the mortgage loan balance over the term of the loan. There will still be a balloon payment due at maturity, similar to the interest-only commercial loan but it will be less and more manageable.