If you already have a commercial mortgage loan, with SunTrust or another commercial mortgage lender, we can also help you refinance to take advantage of a lower interest rate. A SunTrust business banker can help you choose the right commercial mortgage lending solution for your growing business.
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Because commercial mortgage loans deal with enormous sums of money, banks and lenders can take 3 to 4 months to process a loan. This is because of all the documentation that needs to be evaluated and verified. Property appraisal also needs to take place. Most Common Interest and Repayment Terms for Commercial Mortgage Loans
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