4 Things to Consider When Partnering with a Commercial Loan Financing Company
Now that you have decided to shake hands with a commercial loan financing company make sure you do it right since they will handle much of your business’s finances and keep you accountable to achieve your corporate goals. Here’s how to best identify your commercial lending options:
1. Begin With the End in Mind
Begin your funding by revisiting your business plan to evaluate your financial statements and shortcomings. A well-formulated business plan is key to identifying what regions require the most funding, which in turn will help you evaluate your available options better. It’ll also help you recognize where to start injecting funds from into your business. Your financial statement must give an overview of where the funds must apply, expected return, and repayment method.
2. Plan the Loan and Forecast the ROI
Next, evaluate the spending of your new capital. It’s best to consult your financial advisor to have a clear understanding of which line items the capital shall cover. Your spending must match the amount of the loan.
Additionally, you can measure the return on the investments that your business shall derive from the loan. With the help of your business plan, you should be able to estimate the net profit required on a monthly basis to pay off the loan.
3. Evaluate Different Loan Types
Understand different types of commercial real estate loans, such as bridge loans, construction loans, commercial hard money, raw land loans, and others, to best judge which services your terms and rates. A commercial real estate loan from a bank will have a low-interest rate and longer terms for repayment, but there are a lot of requirements (in terms of credit score history) for qualifying for a bank loan. If you wish to urgently receive your funds to achieve your company’s objectives, you can refer to a private money lender instead.
4. The Best Lender
Once you have identified the commercial loan best suited for your firm, you must now contact Commercial Private Equity. We offer specialized loans for commercial hard money, bridge loans, construction loans, raw land loans, and workout loans. Our commercial loan program is ideal for retail, office, and raw land development across Atlanta, GA.
This program for commercial real estate private equity is divided into three levels. Level 1 allows the user to purchase apartments with an interest rate of 5.5 percent on a minimum loan of 1 million dollars. Level 2 enables the users to buy all commercial properties with an interest rate of 8.12 percent on a minimum loan of 1 million dollars and 75 percent LTV. Lastly, level 3 gives the purchaser the freedom to choose from all commercial property types with an interest rate of 9.5 percent and 12 to 24-month long-term agreements. Apply today and get pre-approval on your application in 24 hours with no cost or obligations.