Costs of Commercial Lenders
Commercial lenders weigh the type, quality, and equity of the hard collateral very heavily. They provide the borrower with the greatest flexibility but also the highest rates when compared with bank loans. Many commercial loans are bridge loans where a higher rate is a good trade off for the speed with which the loan is delivered and the flexibility of the finance terms behind it.
Read more about this topic: Commercial Lender (U.S.)
Famous quotes containing the words costs, commercial and/or lenders:
“That which costs little is less valued.”
—Miguel De Cervantes (1547–1616)
“It is only by not paying one’s bills that one can hope to live in the memory of the commercial classes.”
—Oscar Wilde (1854–1900)
“Gratitude among friends is like credit among tradesmen: it keeps business up, and maintains commerce. And we pay not because it is just to discharge our debts, but that we might the more easily find lenders on another occasion.”
—François, Duc De La Rochefoucauld (1613–1680)