When you decide to take out a mortgage or a private equity loan, it’s important to abide by all kinds of underwriting requirements to secure the transaction. From banks, credit unions, and other financial institution to commercial hard money lenders, all kinds of lenders set a specific qualifying criteria before lending you the money. While you […]
Whether you’re a business owner, homeowner, an entrepreneur, or a budding commercial real estate builder, a hard money loan can be useful for you. These are short-term, safe lending tools for business and private borrowers. A hard money loan can be obtained for various purposes such as: For real estate propertyprojects To raise quick money […]
We’ve all heard, the first impression is the last impression; then why is it that we head to a meeting with the financial institution—be it the land or a private lender—without doing our homework? The fate of the purchaser does lie on external factors, but you can boost your chances if you put yourself in […]
Borrowing money from an organization—be it a bank or private hard money lender—comes with its inherent benefits and drawbacks. Like home mortgages, banks and individual lenders actively participate in formulating loans for commercial real estate that are made to business entities (such as developers, corporations, partnerships, trusts, and funds). The loan-to-value ratio for a commercial […]
Before drafting blueprints and browsing fixtures, you need to know where your office will state (i.e., you’re going to have to own some land). Taking out a land loan for a commercial property is very different from financing the purchase of a tract of land. Here’s what you need to know to pursue your goal […]
By definition, a workout loan is withdrawn by a borrower in financial difficulty that has been officially restructured to assure all parties involved in repayment (as interest or principal) and performance as per the restructured terms. This loan generally consists of an extension, renewal, renewal of a loan, re-aging, and deferral. The lender must be […]
The economy is constantly evolving, for better or for worse. Renovation, remodeling, or rehab projects tend to be expensive, which is why financing them through loans is often the best-suited option for all kinds of industries. An upgrade serves as an opportunity to refresh and maximize branding and optimize revenue-generating opportunities. How Does A Business Renovation […]
If you’ve made the bold choice of building your office space rather than purchasing an existing commercial property, you’re highly likely to qualify for a construction loan. These tend to be short-term, high-interest loans that are used to cover the cost of construction or rehabilitation. These loans are based upon the estimated projected value of […]
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 […]
Commercial real estate lending provides loans and other financing opportunities to companies to purchase properties for business-related purposes. These loans act as a critical part of the economy as they are essential for financing small to medium-sized startups. Additionally, commercial real estate loans tend to be bigger than residential real estate loans. Commercial real estate […]