Types of Construction Loans – Infographic
If you’ve chosen to build your office space instead of purchasing a furnished one, you’re highly likely to qualify for a construction loan.
Benefits of a construction loan – Infographic
Construction loans are 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 the property upon the completion of the project.
What to consider before partnering with a commercial loan financing company – Infographic
Begin with the end:
Begin your funding by revisiting your business plan to evaluate your financial statements and shortcomings.
Why you should consider taking out a commercial property loan – Infographic
Applying for a commercial property loan is in itself a different ball game when compared to a loan for a residential property.
Here are a few things to keep in mind before you get started:
Looking for a reputable company offering bridge loan services – Infographic
Commercial bridge loans
What are the requirements?
Experience matters when you go opt for a commercial bridge loan.
All About The Commercial Real Estate Lending – Infographic
Commercial Real Estate lending provides mortgage loans or financing to companies to buy business properties.
Ll
What Are Workout Loans?
Financing is necessary for every business to grow. Your company can fund its expansion by taking out loans from either banks or private hard money lenders. Although taking a loan can give you the extra funding you need to kickstart your business, but there are times when it may not work out. If your business doesn’t do well, it can be challenging for you to repay the loan. Studies show that the estimated total mortgage debt outstanding in the third quarter of 2020 was 16.5 trillion dollars.
In these circumstances, you wouldn’t want to repay a loan to the bank as they are not flexible enough to change the terms. However, if you have taken a loan from a private hard money lender, they can provide you with workout loans to get out of any foreclosure situation. Here’s everything that you need to know about it.
The Basics of a Loan Workout
A loan workout is an agreement between the borrower and the lender as the borrower is incapable of returning the loan with the existing terms. When a borrower faces foreclosure, a loan workout is a way to restructure the agreement to make the repayment successful.
What Terms Can You Change in a Workout Loan?
A loan agreement can have many associated terms. As the lender entrusts you with their money, they would keep these terms to ensure you repay them in a suitable period with interest payments. However, things don’t go your way every time, and you may need to alter the loan terms to ensure loan repayment. A private money lender may offer changes in the following terms:
- Loan Amount: A private money lendercan decrease the payments to be made in the short run and increase them for later when the borrower’s condition is better and more stable
- Repayment Deadline:The maturity date of the loan can also be changed to provide some flexibility to the borrower.
- Interest Rates:A private money lender may even cut down interest rates to ensure that repayments are completed.
- Property Acquisition: Private money lenderscan accept properties as a form of repayment if you are unable to pay even after the terms are changed.
Get Workout Loans Now!
If you’re looking to get out of a foreclosure situation, visit Commercial Private Equity now. We provide effective workout loans, where we try to make the new loan terms easy for you to repay. We have been in this industry as a private money lender for over 75 years and offer four other specialized loans, including commercial hard money, bridge loans, construction loans, and raw land loans. We also provide a loan program with three levels of loan terms.
Contact us now for more information.
Why Should You Opt for a Raw Land Loan?
If you’re an entrepreneur looking to start from scratch, the first thing that you need is to arrange raw land for your office. However, buying raw land requires financing, and these finances can come from taking land loans.
Many people don’t see the purpose of buying raw land as opposed to renting out an office or buying an already constructed office space. Here’s why you may need a raw land loan.
Why Do You Need a Raw Land Loan?
Freedom
When you buy a constructed property, you have little freedom to change things as you’d like. With raw land loans, since you get funds to buy raw land, you can start from scratch and construct the property any way you want.
You also have the option to buy the land that suits your purpose adequately. A raw land loan gives you the freedom to make an effective property decision. You can also custom-build your office through this process.
Long-term Benefit
Taking loans out for raw land can be an excellent investment strategy as raw lands are cheaper than developed land.
Assistance To Small Businesses
Once small businesses are settled, they always look to expand. However, expansion isn’t easy as financing for small businesses can be challenging. Traditional banks only accepted 27.9% of small business loan requests in 2019. The low acceptance rate can be attributed to a bad business credit score and a lack of credit history for small businesses. These factors are the reason why small businesses are looking towards private hard money lenders for financing. These small firms with low business credit can use hard money lending as an alternative to buying affordable raw land.
Get Raw Land Loans Now!
If you’re looking to find loans to purchase raw land, visit Commercial Private Equity. We have been working in the lending industry for over 75 years and have dealt with various clients, including corporations, commercial property developers, brokers, and private individuals. We strive to provide our clients with low-interest rates and effective hard money loan deals to secure their raw lands.
Apart from raw land loans, we deliver four more specialized loans, including commercial hard money, bridge loans, workout loans, and construction loans. We also offer blanket loans, international loans, and acquisition loans. Our three-level loan program is an effective model to cater to our different clientele.
Contact us now for more information.
All You Need to Know About Acquisition and Development Loans
Ensuring constant business growth is the mantra of every firm. The acquisition of raw land or the construction of new offices and warehouses is considered significant growth for a company. However, new projects require business capital to be conducted efficiently. These funds can be obtained through acquisition and development loans.
Here’s all that you need to know about them.
What Is an Acquisition and Development Loan?
An acquisition and development loan (AD) is a loan that is used to purchase land and construct a commercial property. A hard money acquisition and development loan is provided by private money lenders who use the value of your commercial property to deliver the loan. The loan is generally divided into two parts. One portion of the loan is used to buy raw lands, and the other part to construct the property. An AD loan offers a shortcut to grow your firm by providing quick financing. Moreover, the acquisition and development of new property can increase your firm’s revenue immediately.
Private money lenders can use several factors to determine the provision of the loan:
- The availability of additional collateral from the borrower.
- The value of the raw land being bought.
- Borrowers’ construction plans.
Types Of Loans
An AD loan can fuel your firm’s growth prospects. The AD loan has mainly two types:
Hard Money Raw Land Loans
If you’re looking to purchase raw land to start your growth project from scratch, a hard money raw land loan from a private money lender is an excellent option. You can’t rely on banks for providing loans for raw lands as they’re skeptical about the prospects of an unconstructed land.
Hard Money Construction Loans
Construction is a major part of any growth plan. If you want your newly constructed property to create an impression, you should hire the best contractors in town. However, hiring the best doesn’t come cheap. If you want to finance a reputed contractor, it’s better to opt for hard money construction loans to ensure you don’t run out of money midway through the project.
Get Construction and Raw Land Loans in Atlanta, GA Today
If you’re looking to acquire new land or develop an office, visit Commercial Private Equity now. We provide construction and raw land loans for our clients at competitive rates. We have been working in the private money lending industry for over seventy-five years and have gathered millions of profits for our clients. We strive to make the loan application process simple and streamlined to make loan acquisition easy. We provide loan programs and specialized hard money loans, including commercial hard money, bridge loans, and workout loans.
Contact us now for more details.
What Are The Common Types Of Hard Money Loans?
The recent economic repercussions due to the pandemic have left people unemployed and with low income. These factors have damaged the credit scores of the majority of the population and have made bank loan acquisition almost impossible. People are looking towards private money lenders for financing as they provide hard money loans.
A hard money loan is asset-based financing. Private money lenders analyze the value of your commercial property and use that as financial security to give you loans. Opting for the correct type of hard money loan can do wonders for your company.
Here are some of the common hard money loans which you can opt for.
Commercial Hard Money Loans
If you’re looking to expand your business by buying new commercial properties, a commercial hard money loan is the perfect option for you. A private lender would use your firm’s properties as collateral to give you a loan. Firms prefer commercial hard money loans to bank loans as they don’t use credit or income history.
Hard Money Bridge Loans
It would be a shame if you had a hot commercial property in your sight but couldn’t buy it due to lack of capital. A hard money bridge loan can let you buy a property before selling off your existing one. It’s a short-term loan in which a private money lender uses your equity from your existing property to give you a loan for the new one.
Hard Money Construction Loans
Construction projects are the signs of growth in a firm. If you’re looking to boost your firm’s growth by constructing new offices and warehouses, you’ll need capital to do that. Hard money construction loans can provide you with a way to gather funds for your projects and make your firm reach new heights.
Workout Loans
A foreclosure isn’t an ideal situation for you to be in. If you’re ever stuck in foreclosure, a workout loan can help you get out of it. A workout loan is used to restructure your debt and help you repay debts with an immediate deadline. A private money lender will determine why you weren’t able to pay the loan in the first place and analyze your existing commercial properties to give you a loan workout.
Get Hard Money Loans In Atlanta, GA Today
Hard money loans are an outstanding alternative to traditional financing. If you’re looking for hard money loans in Atlanta, visit Commercial Private Equity today. We have a wide variety of specialized hard money loans, including commercial hard money loans, bridge loans, constructions loans, workout loans, and raw land loans. We have successfully made the loan application simple and streamlined to ensure that the process is hassle-free.
You can reach out to us here for more details.