The real estate market includes not only apartments and houses required by an individual, but also non-residential property, which is required by various organizations and manufacturing enterprises. Legal entities and entrepreneurs mortgage on commercial real estate is used to expand warehouse space, production lines, retail and administrative space.
Such a variant of registration of a new property is recognized by many organizations as particularly advantageous, and for some it is the only possible way to consolidate and increase the sphere of its influence, since there are far from sufficient developing companies free financial resources. The most relevant topic is the purchase of real estate for entrepreneurs and managers of small and medium businesses. For individuals who purchase commercial real estate, this purchase is an opportunity to extract a stable income from the lease of the object.
Among the many other banking services, commercial mortgage services special attention, allowing it to become the owner of a non-residential fund with the involvement of bank funds on the same principles as the classic housing loan.
Mortgage programs for commercial real estate is a rather new phenomenon for Russia. The first targeted mortgage loan programs for legal entities and entrepreneurs emerged over the last decade. The relatively low popularity is due to the fact that these properties are in demand by a narrow category of borrowers, small business owners, whose share does not exceed 1/10 lately. For some organizations, the purchase of commercial property on an ongoing basis to anything – more preferable and less burdensome looks to rent non-residential real estate for the needs of the company.
Each case of commercial property mortgages is unique and requires individual consideration. Nevertheless, there are general options for how to take a mortgage on commercial real estate in Russian banks:
To reduce the costs of carrying out activities are interested in the possibility of saving on rent. A completed mortgage loan, as a rule, is equivalent to rent. In addition, the payment to the bank – the fixed value by the contract, while the cost of rent over time can seriously increase.
The procedure for obtaining a mortgage on non-residential property involves several steps. A feature of this program is the invitation of a bank representative to advise the financial situation with the borrower, as well as a thorough preparation for the transaction. In addition to the documents of the client, you will need to collect paper on the collateral object.
Purchase of commercial real estate involving the collection of documentation in the preparation of the application to the bank, but a single list that must be submitted for registration does not exist. Each bank independently determines the exact list taking into account the individual situation and the status of the client. Thus, for registration of a commercial mortgage for individuals, entrepreneurs, officials of the organization, the lists will differ.
Regardless of the status of the borrower, before applying for a loan, a standard list of papers is collected:
The above list is prepared in case of purchase by an individual, individual entrepreneur or organization without fail. The remaining papers are collected on the basis of the requirements of the financial institution.