Global Capital Commercial

Choosing a new construction loan for your home is a wonderful step forward: room for growth and development. When it comes time to look for a home loan, more and more families like are turning to GCC. The reason is simple. For almost a decade GCC can help to fund all stages of the construction cycle. GCC has consistently looked for new ways to benefit the customer by simplifying loan applications and constantly scouting for new loan programs to meet the needs of a wider range of customers. What Is A Construction Loan? A construction loan is money you borrow for infrastructure projects. These projects may be in the form of: A residential unit- examples: apartments, townhouses, condominiums, or an entire subdivision. A business establishment- examples: foundries, commercial centers, or store houses. An infrastructure for public use- examples: roads, train stations, or government offices. There are four kinds of construction loans, as follows: Bridge Loan- if y

Business loans, more popularly known as commercial loans, are types of mortgages perfect to maintain the short-term projects like as community projects, payrolls, and purchasing machineries. Compared to loans approved by lending companies these loans are much easier to repay because the interest rates are relatively lower. Secured Loans: A car loan and mortgage are the most common types of secured loan. A secured loan is type of loan which generally has a lower interest rate because the bank has less risk since it can easily collect the collateral if you default on payments. It is connected to a piece of collateral - something valuable like a car or a home. Unsecured Loans: An unsecured loan have a higher risk to the lender as it is not protected by any collateral, which means if you default on the loan, the lender can't automatically take your property. The most common types of unsecured loan are credit cards, student loans, and personal loans. Start-up Loans: This