How to take out a loan secured by commercial real estate for legal entities or individuals - an overview of bank offers. How can an individual and individual entrepreneur get a loan or credit secured by commercial real estate? Loan for individual entrepreneurs secured by property
Buy warehouse, office or commercial premises and instead of paying rent for someone else’s property, spend it on paying off a loan secured by your own - this opportunity is provided by a commercial mortgage. On what terms do banks offer it and how to get a loan?
Features of a commercial mortgage
Market mortgage loans for business in Russia it is poorly developed, but whether it is possible to take out a mortgage on commercial real estate in principle is a settled question. The credit products of large banks already include loans secured by office, retail, restaurant, warehouse and other non-residential premises to companies and individual entrepreneurs.
Today, businesses have access to both mortgages for commercial real estate they own and for purchased ones.
Commercial mortgages differ from residential mortgages in important ways:
- more high stakes for a loan - from 11.8% at Sberbank versus 9% and below (under certain conditions) for a residential mortgage;
- much shorter loan terms - no more than 10 years versus 25-30 years;
- longer processing times for applications.
Often, having received from the loan applicant the required package of documents confirming the solvency of the business entity, the lender sends a representative to the individual entrepreneur or company to check how the borrower is doing.
Another feature of commercial mortgages is that banks more often refuse loans, since the liquidity of the property offered as collateral is often lower than, for example, that of an apartment. Especially if you apply for a loan secured by production or storage space.
What do banks offer today?
Sberbank
The largest lender in the Russian Federation, Sberbank, provides a mortgage loan for individual entrepreneurs and small enterprises “Business Real Estate”, which, in the case of collateral immovable object can be used not only to purchase another premises, but also to pay off debt on loans taken from other banks or leasing companies.
Sberbank agrees to provide loans for the purchase of both finished and under construction real estate from developers from the list of accredited ones.
Loan terms:
- minimum rate – 11.8%;
- minimum amount – 150 thousand rubles. for small agribusiness, 500 thousand rubles. for all other clients;
- maximum amount – up to 600 million rubles. for cities listed on the lender’s website, up to 200 million rubles. for everyone else;
- maximum term- 10 years;
- an initial fee– when borrowing against existing real estate, it is not required, when borrowing against purchased property – at least 20% for agribusiness, 25% for others;
- There is no commission for issuing a loan.
Sberbank accepts sureties and guarantees from legal entities and individuals as additional collateral, which is especially useful for individual entrepreneurs, many of whom find it difficult to convince creditors of their solvency.
VTB 24
VTB 24 is implementing the Business Mortgage program for the acquisition of an object commercial real estate for any purpose.
Loan parameters:
- rate – from 13.5%;
- amount – at least 10 million rubles;
- term – up to 10 years;
- down payment – from 15%.
If there is additional collateral property No advance or down payment is required.
VTB Bank of Moscow
Another banking organization of the VTB Group provides loans for the purchase of not only premises, but also land plots for commercial use.
Business mortgages are available under the following conditions:
- rate – not indicated in the loan description on the bank’s website, determined individually;
- amount – up to 150 million rubles;
- term – up to 7 years.
VTB Bank of Moscow offers business borrowers attractive additional opportunities:
- Take out a mortgage on a residential property with its subsequent transfer to commercial status.
- Get borrowed funds as a lump sum payment or as a line of credit.
- Replace down payment:
Rosselkhozbank
A bank with 100% state participation provides commercial mortgages according to the following parameters:
- rate – individual;
- amount – from 0.5 million to 20 million rubles;
- term – up to 10 years;
- down payment is optional, but its absence increases the rate;
- commission for issuing a loan - charged from legal entities according to the bank’s tariffs;
- Loan repayment is possible in differentiated payments, incl. according to an individual schedule.
Rosselkhozbank provides the possibility for the borrower to receive additional loan funds for repairs of the purchased property.
It, like VTB Bank of Moscow, gives a choice between lump sum payment borrowed money and line of credit.
As additional security, the lender accepts not only guarantees, but also vehicles, equipment, even inventory items.
Due to its focus, Rosselkhozbank is loyal to representatives of agribusiness - agricultural enterprises and farmers.
Absolut Bank
JSCB "Absolut Bank" promises those wishing to take out a mortgage for commercial real estate a quick decision on the application, support of a personal manager from application submission to closing loan agreement, optimal solution difficult situations arising during the loan repayment process.
Suggested business mortgage options:
- rate – from 17.45%;
- loan amount – up to 60% of the value of the purchased property or up to 80% if additional collateral is provided;
- minimum amount – 1 million rubles;
- maximum amount – 15 million rubles. in the Moscow region, St. Petersburg and Leningrad region, 9 million rub. in other subjects of the federation;
- term – up to 10 years.
Absolut Bank also gives you the opportunity to buy a parking space with a mortgage at a rate of 14.25%, offering up to 70% of its value, or from 100 thousand to 1 million rubles. (in the Moscow region, St. Petersburg and Leningrad region - up to 2 million).
BPA
The BFA banking organization, operating in Moscow and St. Petersburg, provides business entities of the two capitals with a mortgage at a rate of 17.25% in the amount of 0.5 million to 25 million rubles, but not more than 70% of the value of the collateral property.
BFA is the only lender that agrees to provide a mortgage loan for commercial real estate for a very long term - up to 25 years.
Other
Rosbank allows you to take out a business mortgage at a rate of 13.34% to 15.19% in the amount of 1 million to 100 million rubles. for any period from 3 months. up to 7 years. It also gives you the choice between a one-time loan payment and a line of credit, equal monthly payments or on an individual schedule.
URALSIB Bank promises a mortgage for commercial real estate at a rate of 13.9% for a period of 1 to 10 years in the amount of 0.5 million to 170 million rubles. in the form of a one-time loan or line of credit. Issue fee – 1.2% of the amount.
UniCredit Bank issues from 0.5 million to 73 million rubles. for a period of up to 7 years with a down payment of at least 20%. Debt repayment is also possible here with annuity payments or according to an individual schedule.
TransCapitalBank gives businessmen the opportunity to take mortgage for an amount of 300 thousand rubles. for a period of up to 10 years, both for the purchase of real estate at a rate of 16.5%, and for any purpose - at 19%.
MTS Bank offers from 1 million to 25 million rubles as collateral for purchased business real estate. on credit up to 5 years at a rate of 16%, up to 10 years - 16.5-17% depending on the down payment.
RNKB provides businessmen, with the exception of representatives of agribusiness, at a rate of 15% from 1 million to 70 million rubles. for up to 7 years, down payment from 20%.
Banca Intesa agrees to issue from 1 million to 120 million rubles, or up to 80% of the value of the real estate for a period of up to 10 years at a floating rate.
Conclusion
The main requirements for borrowers from banks providing business mortgages come down to experience economic activity(usually at least 1 year), Russian Federation resident status and the ability to confirm solvency. For real estate – complete liquidity and location within transport accessibility from the bank office.
Full list of requirements and necessary documents attached to the application for a mortgage loan, as well as the exact sequence of actions to obtain a loan should be clarified with the selected bank.
The article contains the conditions of 12 banks for business mortgages. Instructions are also given for obtaining a loan to purchase real estate for individual entrepreneurs and legal entities.
Which banks issue real estate loans to individual entrepreneurs and legal entities?
| Bank's name | Credit program | Interest rate | Amount, rub. |
| "Express mortgage" | from 15.5% | up to 10 million | |
| VTB 24 | "Business mortgage" | from 13.5% | from 4 million |
| Rosselkhozbank | Commercial mortgage | depends on the period lending and availability of contribution |
up to 20 million |
| Promsvyazbank | "Credit business" | depends on the loan amount | up to 150 million |
| VTB Bank of Moscow | Commercial mortgage | set for each client after assessing creditworthiness |
up to 150 million |
| Rosbank | Commercial mortgage | from 12.2% | up to 100 million |
| LOCKO bank | from 9.25% | up to 150 million | |
| Uralsib | from 13.9% | up to 170 million | |
| Unicredit | Commercial mortgage | determined individually after assessing the client's creditworthiness |
up to 73 million |
| Binbank | Business real estate | determined individually | from 1 million |
| Transcapitalbank | Commercial real estate loan | from 9.15% | up to 6 million |
| Intesa | installed individually | up to 120 million |
And now a little more about the lending conditions.
Sberbank
- Repayment period is up to 10 years;
- no commissions;
- funds are provided for both commercial and residential real estate;
- Security is a pledge of the purchased property or a guarantee from an individual. persons and legal entities faces;
- availability of a down payment - 30% of the price of the property, 25% - if you borrow repeatedly;
- insurance is mandatory.
VTB 24
- money back period – up to 10 years;
- Availability of a down payment - from 15% of the price of the property;
- money is provided for the purchase of offices, warehouses, industrial premises;
- security - pledge of the purchased property;
- repayment deferment – up to 6 months.
Rosselkhozbank
- Availability of a down payment - lending is available without making a down payment;
- deferment on repayment - up to 1 year;
- provided only for the purchase of commercial real estate;
- security - pledge of purchased property, additional. support - vehicles or equipment.
Promsvyazbank
- lending period - up to 15 years;
- security - a pledge of the purchased property, or a guarantee from third parties, or a security deposit;
- deferment on repayment of the principal debt - up to 1 year.
VTB Bank of Moscow
- the purpose of lending is a business loan for the purchase of real estate;
- collateral - the purchased object acts as collateral;
- down payment - can be replaced by an additional collateral or guarantee.
Rosbank
- purpose of lending - issued
- collateral - the purchased object acts as collateral;
- deferment of principal repayment - up to 6 months;
- early repayment— permissible, without fines and commissions.
LOCKO bank
- lending period - up to 10 years;
- issuance commission - 2% of the amount;
- collateral is the pledge of the property you are purchasing.
Uralsib
- time to return borrowed funds is up to 10 years;
- initial payment - from 20% of the cost of the object;
- issuance fee - 1.2% of the loan cost;
- security - pledge of the acquired property;
- insurance is mandatory;
- early repayment - without penalties and commissions.
Uni Credit
- Refund period: up to 7 years;
- initial payment - from 20% of the price of the purchased object;
- deferment of the principal debt - up to six months;
- early repayment is possible;
- collateral - purchased property.
Binbank
- down payment - from 20%;
- deferred repayment - up to six months;
- collateral - pledge of the purchased object.
Transcapitalbank
- loan term - up to 25 years;
- issuance fee - no;
- early repayment is allowed, without commission;
- collateral - pledge of the purchased object + guarantee (or at the choice of the bank).
Intesa
- loan term - up to 10 years;
- the possibility of purchasing a plot of land or an unfinished facility;
- down payment - from 20% of the cost of the property;
- deferred payments - up to six months.
Lending terms
A loan for the purchase of real estate for legal entities differs from a conventional mortgage in a number of criteria. In particular, a serious difference lies in the terms of lending. If for ordinary citizens it can be up to 30 years, then a loan for an individual entrepreneur or LLC for real estate is issued for no more than 10 years.
Interest rates are also significantly different: they are clearly higher than for individuals. The amount of the down payment is within the standard range and ranges from 10 to 30%. Applications for such loans usually take longer to consider than for individuals. persons On average it is about 20 days.
Concerning positive aspects, then you can purchase premises for running your business for quite a short term. Of course, you will pay interest monthly, but for your property, and not for renting someone else's.
The next nuance: premises that are classified as commercial real estate are more difficult to evaluate than an apartment or residential building. It is also very difficult to determine how liquid such areas are.
What amount will be approved and at what percentage?
Maximum limit available amount directly depends on how solvent you are. This fact is established after a thorough inspection of the business by employees of the banking organization.
As for%, for commercial mortgages they vary from 9.2 to 20% per annum. Many banking organizations will tell you the interest rate only after assessing your solvency.
What you can buy:
- office space;
- warehouses;
- production room;
- commercial premises;
- land plot.
What will be the collateral
You can take out a loan of this type only if you have collateral that can cover all acquisition costs and interest on the agreement itself. The following can serve as collateral:
- movable or immovable property;
- securities;
- funds deposited into a bank account.
In addition, the banking organization may require the provision of guarantees from other persons who are the owners of the business.
Insurance
Insurance of the purchase object is carried out in mandatory, especially if purchased at credit funds. This requirement is clearly stated in the legislation.
The object you purchase, as well as the one you pledge, are necessarily insured against destruction or damage. Such insurance is beneficial for both you and the banking organization.
If an insured event occurs, then:
- the credit institution will receive its money;
- you will be freed from debt obligations, although you will lose property.
Requirements for the borrower and real estate
There are a number of requirements for all purchased objects:
- the construction must be capital;
- without encumbrance with the rights of third parties;
- area of at least 150 sq.m.;
- the property must be located in the region where the loan is issued.
This list of requirements can be expanded by a specific banking organization.
The borrower must also meet certain criteria:
- you will have to confirm that the business is not incurring losses;
- commercial activity must be carried out for at least 12 or 24 months;
- the company must not produce alcohol or tobacco products;
- production does not release emissions into water, soil or air.
Documents for receiving money:
- questionnaire;
- application for funds;
- constituent documentation of the company;
- extract from the Unified State Register of Individual Entrepreneurs/Unified State Register of Legal Entities;
- financial statements for a certain period of time;
- household documentation activities;
- documents on ownership of property serving as collateral;
The list may differ in different credit institutions.
How to get a loan for real estate for individual entrepreneurs and legal entities
Applying for a commercial mortgage is a complicated process. Let's take a closer look at it.
Step No. 1. Choose the right one banking organization.
Decide which banking organization you will contact to formalize this criterion. Choose the bank that best suits all your criteria.
Step No. 2. Consult with a specialist in the credit department.
At this stage, discuss all the nuances with a specialist, read the list of necessary documentation and collect the entire package of necessary papers.
Step No. 3. We transfer the documents to a specialist in the credit department.
Provide the bank with all documentation that relates to both you and the property you are purchasing.
Step No. 4. We are waiting for a decision.
The application may be approved, or you may receive a refusal. If a positive decision is made, you will need to go through the procedure of assessing the premises and insuring the property.
Step No. 5. Contact Rosreestr.
This will have to be done 2 times: to register the rights to the purchased property, and also to register mortgage agreement. Without this procedure, the contract is not valid. You will need to pay a state fee for registration services.
Is it possible without a down payment?
Most banking organizations offer loans for the purchase of commercial real estate with mandatory payment first installment. It is to some extent a guarantee of the transaction.
The amount of the down payment has a direct impact on the interest rate under the agreement. But not every entrepreneur has the opportunity to make a significant amount as a down payment. In this case, you can only count on getting a loan with a zero payment.
The loan rate will be higher than the standard rate. To get it approved, offer the bank property other than the property you are buying as collateral.
How to register for an individual
Such a deal can be concluded if you do not plan to sell this property in the near future. Commercial mortgage as a physical You will be approved if the following conditions are met:
- the mortgage program is valid for 10 years;
- down payment amount from 20%;
- you are between 21 and 65 years old at the time of application (at the date of loan repayment);
- you are a citizen of the Russian Federation;
- You have been active at your last place of work for at least six months.
Pros and cons of business mortgages
The following positive aspects can be noted:
- the opportunity to purchase real estate without diverting working capital;
- Individual approach to each client;
- You will be able to rent out the purchased premises.
As for the cons, then only one can be called significant: too stringent requirements for potential borrower. They simply scare some entrepreneurs away from applying for a loan.
You can receive a loan secured by real estate from this institution under the following conditions:
- an application for a business loan is reviewed within three working days;
- You can get a loan without paying any fees;
- funds are transferred to the current account of an individual entrepreneur or legal entity. faces.
In this bank, business loans secured by real estate are provided in accordance with the following conditions:
- the property you buy can act as collateral;
- there is a deferment of up to six months for repayment of the principal debt;
- funds can be provided in the classical form (with a repayment schedule) or in tranches.
Rosselkhozbank
- Availability of a deferment on payment of the principal debt - up to 12 months;
- loans are provided to various forms of business, including peasant farms;
- allowed early return loan.
Conditions for issuing a loan to legal entities secured by:
- for issuing and repaying a loan ahead of schedule no commissions are charged;
- deferment on repayment - up to 6 months;
- individual payment schedule;
- If you are applying for a loan for an individual entrepreneur, a guarantee from your spouse is required.
Among important conditions when issuing a loan to an entrepreneur, the following can be noted:
- the ability to replace the down payment with an additional deposit;
- there is a deferment on repayment of the principal debt;
- the business must be located within a radius of 200 km from the bank office location.
- the loan can be issued secured by the property of the individual entrepreneur;
- the decision on extradition is made within 1 working day;
- lending is completely transparent, without hidden fees;
- loan currency - rubles, dollars, euros.
Uralsib
- The loan product “Business Priority” can only be issued current clients banking organization;
- the final interest rate is determined after analyzing your financial condition;
- there are commissions for issuing a loan - from 1.2% of the amount;
- repayment is carried out in equal payments;
- In addition to collateral, the bank has the right to require a guarantee from an individual. persons
Unicredit
- loans for legal entities and small businesses are provided without hidden fees;
- There are no fees for early repayment;
- there is the possibility of deferring payment for up to six months;
- no additional deposit required.
- the interest rate can be floating/fixed;
- the loan can be issued in rubles, dollars and euros;
- There are no fees for applying for a loan or early repayment of the amount;
- It is possible to choose the form of repayment.
Binbank
- provision of a partially unsecured loan is allowed;
- There is a deferred repayment period of up to three months;
- The repayment schedule can be drawn up taking into account the seasonality of your business.
- the application is reviewed within 14 working days;
- the ability to evaluate collateral without involving a specialized appraiser;
- You do not need to open an RS to consider your application;
- There are no additional fees.
- the interest rate directly depends on the loan amount;
- The repayment schedule can be developed individually.
- there are no additional commissions;
- It is possible to issue funds in dollars and euros.
Conditions
Taking out a loan secured by real estate, for example, an apartment, allows you to receive a more significant amount of funds at a loyal interest rate. But the loan amount in any case will depend on how much your property is valued.
On the other hand, if you violate the terms of the contract, you will simply lose the property registered as collateral. For a banking organization, the presence of collateral in the form of real estate is a guarantee that in any case you will repay the borrowed funds.
There are also advantages of this loan for you:
- the registration procedure is simpler;
- the bank will be more loyal to your credit history.
Pledge
The following can serve as collateral:
- commercial and residential real estate;
- a plot of land owned by you (or owned by a legal entity);
- warehouse space.
And also in some cases, an additional guarantee from an individual can act as security. person or business owner.
Secured by the purchased property
A loan secured by the purchased property has several features:
- real estate must meet the criteria established by the banking organization;
- you will not be able to sell the collateral;
- if you stop repaying the loan, the property will be transferred to the bank;
- a loan to a small business for real estate is provided only if there is no debt to counterparties and the Federal Tax Service;
- Often a banking organization requires insurance of the purchased object.
Requirements for the borrower and collateral
The general list of requirements for the borrower includes the following:
- actual implementation of activities from 3 months to a year;
- positive credit history for the entire period of activity;
- consent to open a personal account (not in all banks);
- your business has no signs of bankruptcy;
- business founders must be citizens of the Russian Federation;
- the radius of your business is no further than 300 km from the office of a credit institution;
- age range - from 21 to 65 years.
Collateral requirements:
- absence of encumbrance with the rights of third parties;
- the property must not be the subject of litigation;
- property should not be pledged for loans issued in other banks;
- if the collateral is an industrial building, it must be made of brick or stone;
- if the property is located on top floor building, the condition of the roof must be checked.
This list is not exhaustive; each credit institution may set additional requirements.
Documentation
If the loan is issued by a legal entity, you must provide:
- constituent documents;
- certificate of state registration;
- protocol describing the reasons and purposes of lending;
- tax and financial reporting for a certain period;
- photocopies of contracts with business partners;
- documentation for real estate that will act as collateral.
If you want to get a loan as an individual entrepreneur, bring to the bank additionally:
- your passport;
- extract from the Unified State Register of Individual Entrepreneurs;
Stages and nuances
The loan application process itself consists of several stages. Let's look at them in more detail:
- You choose a suitable banking organization, visit its office and submit a loan application. By the way, now most banks provide an online application service, which saves time.
- Your application is reviewed and a decision is made.
- If the decision is positive, the lender evaluates the property you are pledging as collateral.
- You and the lender sign an agreement, after which funds are transferred to your account.
- You receive a payment schedule according to which you make transfers.
As for some pitfalls, they certainly exist. For example: before providing a loan, specialists from the bank’s security department can check you or the business founder for a criminal record, which may serve as a reason for refusing a loan.
The status of accounts opened in other banks must be checked. Therefore, in the questionnaire, indicate the accounts that you have and those that you have not used for a long time. One more nuance: legal check. addresses. If your address is registered a large number of other companies will refuse to lend you money.
- Possibility of obtaining a loan without a down payment.
- Possibility of obtaining a loan secured by purchased real estate. For contracts up to 30 million rubles, a mortgage agreement is not required (mortgage by force of law).
- Deferment of principal repayment for up to 12 months.
- Possibility of obtaining a loan for an individual (for business owners, the loan amount should not exceed 50 million rubles).
- Letter of credit rates have been reduced: opening from 0.05%.
- The seller can be either a legal entity or an individual.
Requirements for the borrower:
- Joint-Stock Company(JSC);
- public joint stock company (PJSC);
- limited liability company (LLC);
- open joint-stock company (OJSC);
- closed joint stock company (CJSC);
- an individual who is a citizen Russian Federation(except for the acquisition of residential real estate), namely:
- owner of a share in a small and medium-sized business;
- individual entrepreneur;
- sole executive agency(director, CEO) small and medium-sized businesses;
- actual owner of the business.
Loan form:
- credit;
- credit line with an issuance limit (applies only for the purposes of purchasing and renovating real estate).
Repayment procedure:
- annuity payments upon provision credit product with a one-time crediting of the entire loan amount;
- repayment of the principal debt monthly in equal installments;
- individual schedule. In this case, a deferment of repayment of the principal debt is allowed:
- for an amount from 3,000,001 to 120,000,000 Russian rubles - no more than 12 months for a loan period of more than 12 months, subject to the client’s reliability and solvency. For a loan term of up to 12 months, repayment of the loan in the last 3 months in equal installments is allowed.
Guarantee:
Simultaneously:
- main business owners with a total share of more than 50%. If these guarantors have a spouse, it is advisable to provide his/her guarantee or formalize consent in the form of a bank to conclude a guarantee agreement or formalize consent in the form of a bank to conclude a guarantee agreement;
- main companies (persons) of the group that are the owners of the main assets of the group of companies (material assets and/or cash flows); mortgagor in the case when the borrower and the mortgagor are different persons.
Pledge:
- pledge of purchased real estate;
- pledge of other property* owned;
- assistance fund guarantee SME lending, equivalent to a pledge of liquid property.
* Pledge (mortgage) of the promissory note of PJSC Promsvyazbank; a security deposit placed by a borrower - a legal entity.
Payment methods with the seller:
- non-cash payment under a covered letter of credit issued by the bank on behalf of the buyer in favor of the seller;
- payments in cash using individual bank safe(provided that both parties (seller and buyer/borrower) are individuals, and the bank has full control over the settlement process);
- non-cash transfer from the borrower's account to the seller's account (loan funds can be issued only after the provision of documents confirming the registration of the transfer of ownership of the property from the seller to the buyer, and the registration of a mortgage by force of law on the property in favor of the bank).
Goals:
- Purchase of commercial real estate ( non-residential premises, non-residential building) secured by the acquired real estate.
- Purchase and renovation of commercial real estate (non-residential premises, non-residential building) secured exclusively by owned residential real estate.
Possibilities:
- acquisition of commercial real estate for the purpose of use in economic activities;
- acquisition/purchase and renovation of commercial real estate for the purpose of use in economic activities.
Amount of credit:
From 3,000,001 to 120,000,000 Russian rubles inclusiveTerm:
up to 36 monthsOwn contribution:
0% - in this case, the loan amount must be fully secured by collateral.
Goals:
Purchase of residential real estate ( residential buildings, apartments in apartment building, apartments in townhouses and a share in the ownership of the land plot on which the townhouse/apartment is located) with subsequent transfer to a non-residential fund secured by the acquired real estate/secured by alternative real estate owned.Possibilities:
- acquisition of residential real estate with subsequent transfer to non-residential stock (available for borrowers with the exception of individuals);
- acquisition/purchase and renovation of residential real estate with further transfer to non-residential stock.
Amount of credit:
From 3,000,001 to 100,000,000 Russian rubles inclusive.Term:
up to 36 monthsOwn contribution:
0% - in this case, the loan amount must be fully secured by collateral.Issuing a loan secured by commercial real estate is one of the most favorite operations of banks, since they receive specific collateral. The rates on such loans are acceptable to the client, and obtaining is not difficult.
Purposes of secured lending
Banks issue loans secured by commercial real estate for specific purposes:
— for the purchase (construction) of real estate for commercial purposes;
— for the repair of commercial real estate;
— for the purchase of equipment for commercial organization;
- to purchase a plot of land;
— for the construction of a house/dacha;
- to purchase a car;
— for business development;
- to repay other loans.
If the client needs large sum, non-targeted secured lending is allowed.
How to get a loan to purchase commercial real estate secured by it
Commercial real estate is a tasty morsel for banks, but here too they are being cautious. To successfully obtain a secured loan, you must meet the following criteria:
➡ After purchase, the property must be owned by the client. There should be no arrests on it, it should not be listed as collateral to another organization. It is not desirable that there is a possibility of alienation of the collateral, for example, in the event of a divorce;
➡ The client must be prepared for life, health, and real estate insurance on the bank’s terms;
➡ The cost of the collateral must exceed the loan amount by at least 20%;
➡ If a business is acquired at the disposal of several people, then each owner of the share must agree to the transfer as collateral;
➡ The property must be put into operation, located in a good area and be ready for the sale process in the event of force majeure;
➡ For each redevelopment of a building there must be a corresponding document.
When wanting to take out a secured loan, the client must be aware of the seriousness of the transaction. Any little thing can influence the bank's decision.
Documents required to obtain a loan
So that the bank can get a complete picture of financial situation, the client’s credit capacity and the condition of the property provided, must be provided full package documents. To the standard set, which includes 2-NDFL or an income statement for an individual, photocopies of passports, work books, bank account information, etc., commercial documents are added:
— documents for registering an object in tax authority;
- certificates, accounting statements, tax reporting;
- extracts from pension fund on the transfer of taxes;
- documents confirming property rights;
— evaluation documentation of the object.
Each bank has its own requirements, so the list of documents may vary. For example, some credit organizations, loyal to clients, offer to collect a compressed package of documents. The smallest set of documents will be collected by the participants of the salary project.
Loan secured by commercial real estate - Russian banks
Moscow has the widest selection of organizations providing secured loans. Therefore, the client can consider the offers of several banks at once and select the optimal conditions.
Sberbank offers a loan for any purpose secured by registered real estate. According to the terms of the organization, the loan amount should not exceed 60% of the value of the collateral. The proposed rate is 14%, the maximum contract term is 10 years.
Rosselkhozbank issues loans in the amount of 1,000,000 rubles. The bank is focused on employees budgetary sphere and verified clients with positive credit history. The maximum period is 5 years, the rate is 13.5%.
Gazprombank gives its clients up to 30,000,000 rubles, but review of the package of documents will take 10 days. Minimum bid– 12.25%, maximum period – 15 years.
Eastern Express the bank offers the most low rate– 10% and most long term- 20 years. Review of the application lasts only 4 days. The amount is limited to 15,000,000 rubles.
The service company “MyZalog24” offers an unlimited amount, which is only limited by the value of the collateral; they credit from 6.5%. Collateral may be any real estate. Go to ↪website.
In some cases, getting a loan to purchase commercial real estate secured by it is easier than getting a regular loan. The borrower receives required item, bank - minimizes the risk of non-return own funds. Interest rates when purchasing collateral property is lower, which is a definite plus.
Loan for the purchase of commercial real estate secured by it was last modified: June 13th, 2018 by Alexander Nevskiy