Business mortgagefor Small Business Mortgage real estate or mortgage business is widespread throughout the world. Experience shows that when competent to lease space for offices, shops, service businesses - its yield is comparable ...
... With any other small business and allows the use of mortgage loans.
Mortgage loan is granted for the purchase of non-residential buildings: a warehouse, office, etc. Meaning the mortgage is to purchase commercial real estate lending under her own pledge. Unlike residential lending, commercial mortgage has a shorter maturity of the loan, but the relatively high interest rates.
Typically, the annual rate credit mortgage commercial property ranging from 12 to 16%, mainly in foreign currency. The term of the mortgage property - a maximum of 10-12 years, and the most common term - 5 years. Borrower must make an initial contribution of 25-40% of property value. In this case, the client must be a profitable balance sheet and at least one year on the market.
The scheme of non-residential business mortgageis similar to a mortgage of housing: there is the same assessment procedures of the borrower and the object, the requirement for a down payment. But there is a fundamental difference - the law does not allow companies to arrange a mortgage on real property until the conclusion of the sale. The object must first acquire and then it may be pledged to get the money.
An important legal aspect of business mortgages - registration of ownership of residential premises while the mortgage encumbrance Federal law does not provide.
Market participants are business mortgages agree that the development of a business mortgage is constrained primarily gaps in legislation. However, it is not clear, and someone who will be the borrower, what is its quality. Reliable stable companies have the opportunity to take on the real estate purchase a normal commercial loan against any property of the mortgage does not particularly needed. And if the company has no collateral or banks do not consider it possible to give her a loan based on an assessment of a company - why you need a mortgage borrower?
It is for this reason that the Russian commercial real estate mortgages as long as is typical, mostly for large companies. Do small businesses do not have sufficient collateral. On the specific risks of small business issues are superimposed opaque commercial real estate market.
Thus, the current legislation regarding the mortgage business is not perfect. It determines the possible schemes for mortgage lending for the entrepreneur. According to the law "On mortgage" for commercial real estate, in contrast to the premises, provided a completely different mechanism of registration and registration of collateral. Therefore, the market has developed several ways of carrying out such transactions, which they can within the law.
Conclusion of a contract of sale. The seller receives some of its own funds from the buyer and the bank guarantee. Then there is a registration of ownership to the new buyer. Further, registration of a collateral agreement, after which the issue of credit and final settlement. This circuit is the called the most complex and lengthy.
Buyer pays for a preliminary contract to the owner (seller) of its own funds, and the seller receives from the bank's obligation to pay the shortfall in case of registration of mortgage. Followed by registration of a pledge to the bank and preparation of all documents for transfer of ownership the new owner, that is, the buyer (contract sales), after which the seller receives the full amount, and the registration goes on.
Realtors latest scheme is called "redemption of the legal person." Created company, which issued a property (legal entity). Subsequently, the borrower buys the shares of the company paying the loan. In this case, this company issued property.
... With any other small business and allows the use of mortgage loans.
The essence and Conditions
Mortgage loan is granted for the purchase of non-residential buildings: a warehouse, office, etc. Meaning the mortgage is to purchase commercial real estate lending under her own pledge. Unlike residential lending, commercial mortgage has a shorter maturity of the loan, but the relatively high interest rates.
Typically, the annual rate credit mortgage commercial property ranging from 12 to 16%, mainly in foreign currency. The term of the mortgage property - a maximum of 10-12 years, and the most common term - 5 years. Borrower must make an initial contribution of 25-40% of property value. In this case, the client must be a profitable balance sheet and at least one year on the market.
Legal nuances
The scheme of non-residential business mortgageis similar to a mortgage of housing: there is the same assessment procedures of the borrower and the object, the requirement for a down payment. But there is a fundamental difference - the law does not allow companies to arrange a mortgage on real property until the conclusion of the sale. The object must first acquire and then it may be pledged to get the money.
An important legal aspect of business mortgages - registration of ownership of residential premises while the mortgage encumbrance Federal law does not provide.
Who benefits from a business mortgage?
Market participants are business mortgages agree that the development of a business mortgage is constrained primarily gaps in legislation. However, it is not clear, and someone who will be the borrower, what is its quality. Reliable stable companies have the opportunity to take on the real estate purchase a normal commercial loan against any property of the mortgage does not particularly needed. And if the company has no collateral or banks do not consider it possible to give her a loan based on an assessment of a company - why you need a mortgage borrower?
It is for this reason that the Russian commercial real estate mortgages as long as is typical, mostly for large companies. Do small businesses do not have sufficient collateral. On the specific risks of small business issues are superimposed opaque commercial real estate market.
Business mortgages cheme
Thus, the current legislation regarding the mortgage business is not perfect. It determines the possible schemes for mortgage lending for the entrepreneur. According to the law "On mortgage" for commercial real estate, in contrast to the premises, provided a completely different mechanism of registration and registration of collateral. Therefore, the market has developed several ways of carrying out such transactions, which they can within the law.
Scheme I
Conclusion of a contract of sale. The seller receives some of its own funds from the buyer and the bank guarantee. Then there is a registration of ownership to the new buyer. Further, registration of a collateral agreement, after which the issue of credit and final settlement. This circuit is the called the most complex and lengthy.
Scheme II
Buyer pays for a preliminary contract to the owner (seller) of its own funds, and the seller receives from the bank's obligation to pay the shortfall in case of registration of mortgage. Followed by registration of a pledge to the bank and preparation of all documents for transfer of ownership the new owner, that is, the buyer (contract sales), after which the seller receives the full amount, and the registration goes on.
Scheme III
Realtors latest scheme is called "redemption of the legal person." Created company, which issued a property (legal entity). Subsequently, the borrower buys the shares of the company paying the loan. In this case, this company issued property.
