The next time you set out to find a good investment, consider the loan benefits provided by investing in commercial property. Both commercial and residential loans can result in providing the money you need for your investment property. However, there are benefits you can gather from using a commercial loan over a residential one. One key benefit is asset protection. With commercial loans, you can acquire the loan through your business. If you use your company name in order to procure and use the loan when investing in a property, your assets will be protected. If you get a residential loan in your own name and later have a hard time making the mortgage payment, you may run into the problem of the bank wanting to come after the house you live in order to recoup their loss. This may be true of any personal asset that you have. If you have a boat, a summer home, expensive jewelry, automobiles, any of these things can become subject to claim if you’re not able to make the mortgage payments on your investment property that you received through a residential loan. As a commercial investment, the bank will be able to go […]
read more