Commercial Mortgage Loans – Do I Qualify

Commercial mortgage loans are not available to persons, but rather to businesses, which include partnerships, incorporated businesses, limited companies, etc. The business must be sound financially and the process to verify the business income can be more complicated than verifying the credit worthiness of a specific individual. That is why traditional commercial mortgages can take six to nine months to underwrite.

Commercial loans are procured for a variety of reasons: to buy the premises of an existing business, to make improvements or enlarge existing premises, to make commercial and residential investments or to develop the existing property in other ways. An example would be to buy already constructed business premises, like offices, shops, restaurants, or pubs. Additionally, they can also be used to buy business assets such as plant equipment and specialized machinery.

The Interest rates for commercial mortgages are generally higher than those for residential mortgages but lower than interest rates on unsecured business loans. A fixed-rate loan is the most common commercial mortgage. It is similar to the fixed rate home mortgage loan in that the interest rate remains constant throughout the term. However, the term for most commercial mortgage loans is between 3 and 10 years but they can be extended for as long as 25 years.

The commercial mortgage loan amount and interest rate that you can receive is a direct correlation of the credit worthiness assessed by the lender with respect to your ability to repay the loan. If you have an excellent business record with a verifiable profit and loss business statement then you will have little trouble getting a commercial mortgage at an attractive interest rate.

Commercial loans are not provided without extensive scrutiny regarding your business stability and profitability. The Lender usually wants to see your last three years of audited financial statements including a Profit and Loss statement, balance sheet and a cash flow forecast. Favorable business information is critical to the lender and to you because, as stated earlier, if you default on the loan the lender can repossess your property and sell it to repay the outstanding mortgage balance.

The best place to find commercial mortgage loans is on the Internet. There are enormous numbers of commercial lenders vying for your business and they all advertise on the Internet. It is possible to compare many loan quotes side by side and determine which is best for your financial situation.

Bptp Discovery Park Sector 80 Faridabad Is The Latest Residential Property In Faridabad

BPTP Discovery Park is a new residential property for sale at sector 80 in Faridabad. Aimed at providing the highest standards of living in the most affordable packages, BPTP Discovery Park offers four different options of 2 and 3 BHK apartments for sale in Faridabad.

The extremely spacious have been set up over an area ranging between 11290 and 2440 sq. ft, and have been priced affordably between Rs. 29 and 61 lakhs, depending upon the type and size of the property one chooses to book.

If you are an individual who wishes to invest in residential property in Faridabad, we at Unicon property can help you in booking a flat at Discovery Park with our exclusive Zero Brokerage services.

BPTP Discovery Park is specially designed keeping in mind the needs and requirements of youngsters. This exclusive residential property in Faridabad focuses on the healthy development of children, and comes adorned with several amazing features for the same.

BPTP Discovery Park offers amenities like a swimming pool with separate splash pool for kids, a rock climbing structure and tennis as well as badminton courts in order to facilitate the healthy upbringing of children. Some others of the comforts and conveniences include gated community with 24*7 security surveillance, club house, shopping arcade, jogging tracks, parks and play area with landscaped greens and an earthquake resistant structure.

Apart from these highlights, BPTP Discovery Park also enjoys all the benefits of being situated on a prime location at sector 80 in Faridabad. The property is well connected to all major points of business as well as recreational interest in Delhi NCR via a wide 60-metre road that is located right next to the property. With all these advantages and the high dependability of a developer as well established as BPTP, Discovery Park is sure to be a highly successful residential property in Faridabad.

Vasathi Housing celebrates International Women’s Day

Women employees of Vasathi Housing spent a day with the underprivileged children to make their day special Vasathi Housing celebrated Women’s Day with the children of the construction workers at the crche facility -Bricks to Books-, the CSR initiative of Vasathi. The unique initiative -Adwitiya – You Are the One- was aimed at reaching out to the underprivileged children and bringing streaks of joy to their day through various activities- song and dance sessions, painting competition, theatrical frolics and recitations.

P. V. Ravindra Kumar, CEO, Vasathi Housing Ltd., said, -Vasathi Housing has 40 % women employees and their contribution to the growth of the company is invaluable. They chose this day to spread their love and knowledge with the underprivileged children and bring smiles to their faces.-

In words of Sravani, one of the kids at Bricks to Books, -We had a great time today. We got toys, chocolates, picture books, crayons and played games. All of us sang songs and recited poems together. We also had a drawing competition where all of us were declared winners at the end!-

More about Vasathi Anandi:

Vasathi Anandi is a premium gated community with high end amenities spanning a generous 5 acres of land area. With all modern amenities and recreation facilities of a self-contained green residency, the project is located just 2 km from APPA Junction on Outer Ring Road. With Gachibowli -13 km, Banjara Hills -12 km, Mehdipatnam -7 km and Shamshabad International Airport only 14 km away, the key areas are well within reach. Vasathi Anandi has 483 Studio/1/2/2+Study/3 BHK apartments that are aesthetically designed, spacious and Vastu compliant.

About Vasathi:

Vasathi Housing Limited is an ISO 9001:2008 certified organization that is committed to excellence and on time delivery. Established in the year 2009, Vasathi has acquired a prominent position in a short span of time through building energy efficient and environment friendly residential projects. Vasathi Housing offers lasting value, with an emphasis on contemporary designs, optimized layouts and cutting-edge technologies.

Vasathi is one of the few players in South India that offers third party quality inspection by BUREAU VERITAS to ensure highest quality standards. Dedicated to be green compliant, Vasathi homes are designed as per LEED*guidelines.

Vasathi strongly believes in honoring its commitments. The company is committed to deliver all its projects on time as it understands the financial impact of delay on the customer.

*LEED stands for Leadership in Energy and Environmental Design

For more information please visit: www.vasathihousing.com

Media Contact: Srinivas Bangaru Deputy Manager – Corporate Communications Vasathi Housing Ltd. 8297001228/994908274 srinivas.

The Convenience Of Buying Furniture Online

For many of us when we want to buy a new item of furniture, whether its something small and relatively simple such as a mirror or a side table or a much bigger piece perhaps a closet or a double bed, we get in the car and head to our nearest out of town furniture superstore in a power center located somewhere miles away.

But did you know that there is an alternative? Did you know that you can also buy furniture online? If youre like me you probably didnt stop to think about that. Ive even looked at a furniture stores website, seen that they deliver, and still gone to the bricks and mortar store. Or maybe thats just me! But buying furniture online is an increasingly popular way of making even big purchases.

From the comfort of your own home, your new sofa, bookshelf, dining table set or water bed (if thats your thing) is just a couple of clicks away. Buy furniture online and youll be saving yourself a wasted Sunday afternoon driving to the store or mall when you could have been enjoying proper family time. The kids will certainly thank you for saving them the trip but also think of the gas money youll be saving too. Treat yourself to a couple of cushion covers with the savings!

The other great thing about buying furniture online is the choice. Many companies who sell fine furniture or handmade items cant afford to have a big retail space, or perhaps they sell from a small showroom or workshop on the other side of the country. Luckily for us, many of these family owned companies have embraced the web and the wider audience it gives them and have the ability to sell via their website.

Buying online from a smaller company, whether fine furniture, antiques, Oriental sideboards, rustic hand carved tables made from reclaimed wood, crystal chandeliers or modern minimalist mirrors are your thing, will show support for small businesses and true craftsmanship. Not only that but youll have a real conversation piece in your home and an item of furniture that will bring you so much more joy to look at and use, than say a self-assembled flat packed closet or bookcase that half the people in your street own too.

In fact the only danger that I can think of with buying furniture off the web is that if youre anything like me, youll end up getting carried away and spending way more than you mean to!