A Brief Guide To Expanding Your Business

August 12, 2022/in Blog /by Bruce Kent

Although the pandemic has impacted several businesses, you shouldn’t let that stop you from expanding your business. No matter how big a firm is, sustainability always requires expansion.

It’s time to put creative practices into action to stay ahead of the curve now that the global economy is slowly stabilizing.

However, before growing your company, you must consider a few factors. Here are a few factors to consider before expanding your business.

1. Planning

The decision to expand your firm is not one of the many hasty decisions you must make as a business owner. The decision to expand your business is always a major one that might make or kill it.

You can either increase your profits by dominating the new market or sink into debt if you lose considerable income. However, you can avoid losses if you have a solid plan. Plan your expansion in an organized manner rather than hurriedly.

Consider each step carefully, and don’t rush your planning. Once you’re satisfied with the plan, move forward with the build-out.

2. Market Analysis

Never go right into a new endeavor. Many new business owners lack patience, which causes them to expand too quickly. There is a chance that this will injure people more than help them. An effective research strategy may enable you to grow your business more profitably.

Consider the new market and select the product to expand using data-driven judgments. Every business depends on timing for success. It may be pretty advantageous to seize an opportunity when it presents itself.

3. Logistical Challenges

Expansion of your business is thrilling, but it can also be stressful. Building a new office and moving while minimizing downtime can rapidly become a nightmare if you haven’t considered the logistical issues.

Keep up with the events to avoid making a mistake at the last minute. To build your business successfully, you must keep track of every operation, from negotiating financing terms with private hard money lenders to engaging expert movers to transfer your office supplies.

4. Funding

Do you possess the required funds? Whether you want to purchase the most in-demand commercial property in another city or construct a brand-new office from the bottom up, you’ll need money. Expanding your business is merely a pipe dream if you lack the cash.

Hold on though—we might have the perfect answer for you. If you don’t have the cash, you can always resort to private hard money lenders for quick loans.

It’s no secret that banks have made it challenging for aspiring business owners by consistently rejecting loan applications. Private money lenders provide great hard money loan solutions by using your commercial buildings as collateral in these challenging circumstances.

Get Reliable Hard Money Loans to Expand Your Business

Are you having trouble raising funds to expand your company? Commercial Private Equity may be able to assist you. We provide a three-tiered lending scheme that offers loan acquisition flexibility.

We offer a variety of specialized hard money loans to satisfy our broad clientele, including bridge, construction, commercial hard money, raw land, and workout loans.

Contact us today to secure quick funding.

A Detailed Guide To Commercial Private Lending

August 10, 2022/in Blog /by Bruce Kent

Completing projects on time can be a pain if your business is on a limited budget. Hence, it’s crucial to locate suitable finance sources to launch new projects and outpace your rivals.

Banks offer finance, but the lengthy loan application process makes them unsuitable for most enterprises. Additionally, banks’ reduced lending makes it difficult to obtain the money you require.

Private lenders have become the best choice to finance your business ideas in light of the challenging financial climate. Private lenders provide hard money loans for a range of business needs.

This blog will guide you on private commercial lending in detail and how you can use the loans to outstand your competitors.

Different Types of Private Hard Money Loans

1. Raw Land Loans

You would need to buy undeveloped land if you wanted to construct an office from the ground up. Consider obtaining a raw land loan from a private money lender if you are unable to handle the finances.

2. Workout Loans

Can’t stop your business from going into foreclosure? You can get a workout loan from a private lender to help you limit your debt payments and manage this financial nightmare. They’ll help you manage your payments to prevent foreclosure.

3. Bridge Loans

Consider a bridge loan if you wish to purchase a business property before your rival does. A hard money bridge loan prevents you from selling off your current commercial premises, which benefits you and your business.

4. Construction Loans

Due to a shortage of funding, businesses frequently postpone their construction projects. However, you won’t need to do that if you obtain a construction loan from a private lender. They offer fantastic finance deals and use your business property as collateral to start your development project.

Benefits of Commercial Private Lending

1. Provide a Wide Range of Loans

Private money lenders, as opposed to conventional banks, offer the independence and flexibility to tailor loans to your needs. Private hard money lenders can provide you with various loans such as asset-based loans, raw land loans, commercial hard money loans, construction loans, blanket loans, bridge loans, etc., to support your business’s expansion.

2. Quick Solution

Banks might undoubtedly take a very long time to process your loan application. Avoid banks if you’re looking for speedy funding in today’s competitive market. If the pandemic has restricted your company’s budget, you can choose private money lenders who can streamline the loan application procedure and assist you in obtaining funding quickly.

Reputable private lenders have outstanding underwriting departments that can pre-approve your loan application in as little as twenty-four to forty-eight hours after quickly evaluating your financial situation.

3. Minimal Requirements

There is no doubt that banks have strict lending criteria, which has made it difficult for US businesses to obtain loans. You should be prepared to provide a plethora of paperwork and satisfy many conditions if you’re seeking a bank loan. A bank will ask for the following:

Credit score
Debt-to-income ratio
Documents proving income
Personal data and bank statements

However, there is no assurance that you will be approved for the bank loan even if you complete all the required paperwork. Working with a reputable private commercial lender who offers low-interest hard money loan options using commercial property as collateral is preferable if you want to bypass the drawn-out application process for a traditional bank.

How Can Commercial Private Lending Help You?

1. Obtain Raw Land

You can accelerate the growth of your business by buying a ready-made property, but the options for customizing your space are limited. Consider purchasing undeveloped land if you wish to engage in the real estate market and construct an office.

Finding financing options for raw land can be a hassle. We recommend you contact a reputable private lender to get hard money raw land loans. You can use the loan to buy raw land at a prime location to take your company to new heights.

2. Purchase Several Commercial Properties

Trying to establish your dominance in the market? Think of getting several commercial properties. However, the financing and acquisition of every property can take a lifetime. To expedite the real estate transaction, you should obtain a hard money blanket loan.

You can receive a single loan for several properties with asset-based blanket loans. It’ll allow you to purchase multiple properties at once with a blanket loan rather than paying for each one separately.

3. Deal With Foreclosure

Is your business having trouble making debt payments? If the answer is yes, you ought to use loans for hard money workouts. Private lenders can help you restructure debt payments through flexible workout loan programs.

4. Completing Your Construction Project

You may be a business owner considering building a new office to grow your company. However, building a new building from the ground up is more complicated. You’ll need substantial financing to finish your project because the cost of building materials is rising daily.

Unfortunately, banks rarely lend money for construction projects as they are risky. We advise you to contact private lenders who can offer low-interest hard money construction loans to assist you in financing your next project.

You can use the construction loan to purchase top-quality materials and hire qualified construction workers to create an eye-catching office.

5. Quick Real Estate Acquisition

Did you know that in 2021, real estate prices rose by 18.8% and that in 2022, they are predicted to rise by 10%? Waiting to purchase a property is not an option in such situations. As soon as you can, it would be best if you acquired a piece of commercial real estate.

We are aware that the process of buying a new property and selling the one you already own might take a very long time. But what if you could get a brand-new property without selling your current one? You can buy new commercial properties with a hard money bridge loan before you sell your current property.

Get Reliable Hard Money Loans from Private Money Lenders Near You

To get an exceptional hard money loan deal, look no further than Commercial Private Equity. We’ve served clients in the private lending industry for over seventy-five years. Our team has developed a three-level loan program to help clients get a hard money loan deal per their specifications.

Our underwriting team works round the clock to evaluate your financial condition and pre-approve your loan application within twenty-four hours. We provide multiple asset-based loans, including workout, blanket, construction, raw land, and bridge loans.

Apply for the specialized hard money loans at Commercial Private Equity today to start your commercial projects.

a person evaluating the financial position of a company for expansion

4 Different Types Of Asset-Based Loans You Must Know About

August 8, 2022/in Blog /by Bruce Kent

Conventional lending isn’t a viable alternative for investment in 2022 due to low credit ratings and the declining financial health of US corporations. What then do you do to increase the wealth of your business?

You can acquire top-notch commercial real estate using asset-based loans from private lenders. In contrast to conventional loans, asset-based financing secures the loan agreement using your company’s current commercial properties as collateral.

Discover different asset-based loans in this blog that will assist you in investing in commercial real estate.

1. Raw Land Loan

While buying a ready-made commercial property will save you time, you are limited in how you can design and build your workplace. Consider purchasing raw land if you want to create your workplace how you want it. However, with rising real estate costs, purchasing undeveloped land without sufficient cash can be challenging. To quickly complete your real estate transaction, we advise you to obtain asset-based raw land loans.

2. Construction Loan

You want to establish a business construction project but lack the necessary funds. Your business may benefit from asset-based development financing from a private lender. Gets top-notch asset construction financing deals to build a massive office or warehouse or other types of buildings to expand your business if you want it to grow.

3. Blanket Loan

Unquestionably, real estate is one of the hottest markets for investments in 2022. It’s time for you to invest in the rising US commercial real estate market if you want your company to gain an advantage over rivals.

But hardly every business has the resources to buy several homes at once. Commercial real estate investment might be a nightmare if your company is on a limited budget.

For this reason, we advise getting asset-based blanket loans to buy several commercial buildings.

If you wish to finance the acquisition of multiple properties with a single loan, a blanket loan is a great option. These are ideal for businesses looking to expand their services in several locations simultaneously.

A blanket loan is preferable to having a separate loan agreement for each commercial property because it can be less time-consuming.

4. Bridge Loans

Competition is good for the market, but if you want to establish a strong reputation in the field, you must constantly stay one step ahead of the competition. You don’t want to fall behind your rivals by being unable to acquire a suitable commercial property owing to a lack of resources.

A hard money bridge loan is ideal if you don’t have enough cash to purchase a trendy commercial property. A bridge loan can let you acquire a new one without selling your current property.

You can borrow money using your current property as security to buy a new one and then pay it back after the old one is sold.

Asset-Based Loans Available With Low Interest Rates in the US

Private lenders have become the go-to source for obtaining loans for many business owners. However, finding asset-based loans with excellent lending terms can be a challenge. Visit Commercial Private Equity today if you’re looking for a hassle-free way to receive hard money loans.

We can help you achieve your financial goals by offering specialized hard money loans. We have great rates on several loan categories, including construction, raw land, asset-based, bridge, and workout loans.

Get in touch with us today for more information.

The Difference Between Conventional Lending And Hard Money Loans

August 5, 2022/in Blog /by Bruce Kent

Your commercial efforts are doomed if you lack efficient financing. Experts predict that, because of external factors like the Russia-Ukraine crisis, financial trends will change in 2022. You should therefore carefully examine your company’s financial plan and be ready for any financial obstacles.

You need the money to increase your company’s growth in 2022. You can choose traditional funding from banks or hard money loans from private lenders. If you’re having trouble choosing between the two, read this blog to learn how hard money loans and conventional lending differ.

1. Loan Requirements

It can take a while to meet the bank’s requirements for a conventional loan. To begin your bank application, you will need to submit the following documents:

Bank documents and other pertinent financial statements
Business credit score
Cash flow in the company
Extra debt
Business details

Hard money loans don’t have an extensive list of requirements, in contrast to traditional lending. Your commercial properties, including office buildings, retail stores, warehouses, dining establishments, and hotels, are used as loan collateral by private lenders.

2. Time for Approval

Even a slight delay in one of your business projects could allow your rivals enough time to overtake you. I assume you wouldn’t want that. You should look for prompt finance if you want to seize the first-mover edge in your sector.

Banks have a drawn-out loan application process, and your cash may be delayed if you neglect to provide the required paperwork. Fortunately, reputable hard money lenders can expedite and pre-approve the loan application process in as little as one day.

3. Flexible Lending

Since banks have a set procedure for loan applications, your loan application may be denied if you don’t meet the conditions. However, if you’re in a tight spot financially, private lenders can help.

They provide flexible lending agreements that you can modify to meet your needs. To assist you in launching your business ventures, some well-known private lenders have developed lending programs that meet each individual’s needs.

4. Adaptability

Banks have a uniform loan policy that applies to all borrowers. The same criteria are applied to everyone. On the other hand, private lenders base their lending standards on the LTV ratio (loan to value).

When you employ LTV insurance, the value of the collateral you provide determines how much you can borrow. Following the borrower’s demands and conditions, private lenders may alter the guidelines.

In contrast to banks, they are not subject to strict terms and restrictions. They’re also open to negotiating and reaching a compromise.

5. Approval Rate

Only 27.9% of small businesses were successful in getting their loan requests accepted by large banks the year before. This figure illustrates how difficult it is to obtain bank loans because banks require lengthy lending terms and strict screening procedures.

On the other hand, private hard money lenders are not subject to any regulations. They merely care about and are interested in the worth of the property you are prepared to use as collateral and will lend to you under that value.

Get Reliable Hard money loans To Fund Your Commercial Projects

To get your loans resolved, visit Commercial Private Equity today. We excel in providing financial hard money consultancy and several specialized loans, including commercial hard money, bridge, construction, asset-based, and raw land loans, thanks to our 75 years of experience in the area. We also offer a variety of loan packages with varying loan terms to serve as many clients as possible.

Contact us today to learn more about our affordable and convenient loan plans.