The US real estate market is one of the hottest markets in the world. It’s expected to grow by 3.3% from 2021-2024. The success of this market is because of the increased accessibility of financing options available in the US.
In the past, commercial banks in the US have played a major role in providing loans to firms; however, in recent times, the market is shifting towards private money lenders due to banks’ rigorous loan application processes. Private money lenders provide different types of hard money loans to make loan acquisition smooth. One such hard money loan is a blanket loan.
A blanket loan finances multiple properties in a single instance. It’s used by commercial real estate investors, construction companies, and firms looking to expand. The benefits of a blanket loan certainly outweigh its cons. Here’s why you should opt for it.
If you’re looking to acquire multiple properties, it’s better to get a single blanket loan rather than opting for individual loans for every property. A blanket loan can prevent you from the hassle of applying for every property loan separately. You can apply for the paperwork once through a blanket loan and get a loan for multiple properties. This can ultimately save your time and create less hassle for you. Also, keeping an eye on multiple loan agreements can lead to mistakes which can be costly.
Easy Way To Increase Your Portfolio
As a firm owner, if you want to expand extravagantly, you’ll want to get properties all over town and attack the market from all sides. However, acquiring many properties can be time-consuming. Getting business capital for commercial properties can take an eternity. A simple yet effective alternative is to get hard money blanket loans which can decrease your logistical obstacles.
In the commercial property market, leverage can play a big part in your negotiations. Acquiring multiple properties through hard money blanket loans can give you leverage to expand your portfolio in the future. Moreover, you can use these properties obtained through a blanket loan to refinance your future business projects.
Get Hard Money Blanket Loans In Atlanta, GA Today
If you’re an aspiring investor or businessman who’s looking to expand their real estate portfolio, you should visit Commercial Private Equity today. We provide blanket loans that can give you a single loan for your multiple properties and save you from the hassle of applying for loans individually.
We have a loan program in place to help select specific loan requirements as per your preference. Our experience of seventy-five years in the private money lending industry helps us provide you effective financial consultation. Apart from blanket loans, we offer commercial hard money loans, workout loans, raw land loans, bridge loans, and construction loans.
Get in touch with us now for more details.