Best Commercial Real Estate Loan in Lazy Lake, FL
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Commercial Real Estate Loans
Commercial real estate credit is provided to support income-producing assets to be built, refinance and restructure existing real estate financing, and buy distressed or non-performing loans (NPLs). Loans are used to support investment/acquisition of real assets or to refinance existing facilities, many of which are loans for real estate development and unsecured real estate financing.
Commercial industrial loans
Much as when you buy a house and take out a mortgage, you can also take out a mortgage when you buy a commercial property. Commercial real estate loans allow businesses to purchase or renovate properties and finance them with a deposit. Many commercial real estate loans require an owner-occupied home, which means that the company will physically reside in at least 51% of the property. If the property is not majority owner-occupied, creditors will instead seek an investment property loan.
Mixed-use loans
Mixed-use land financing applies to assets consisting of a number of units for a variety of purposes, including residential, commercial, industrial, and institutional. Any building with at least two different-use units shall be liable for mixed-use financing.
Both business owners and real estate developers may apply for a mixed-use property loan. Company owners can sometimes stay in one of the residential units and operate out of the commercial premises, whereas real estate developers can typically act as landlords for both residential and commercial tenants.
Multi-family loans
Commercial multi-family loans can be short-term or long-term loans for the construction, purchase, or even rehabilitation of multi-family real estate with five or more units. Loans normally start at about $500,000, increasing all the way to tens of millions of dollars. Interest rates, time rates, debt caps, and down payment requirements also vary on the basis of the specific funding program.
Private Money Loans
Private money loans – or private money – is a term used to denote a loan granted to a person or organization by a private institution or even a rich individual. The corporation or person is referred to as a private money lender. Private money is usually made available to investors without the conventional qualification requirements required by a bank or a lending agency. Talk to Commercial Real Estate Loan Pros of Fort Lauderdale in Lazy Lakes to see whether you can apply.
Hard money Loans
A hard money loan, also known as a bridge loan, is a short-term loan used until a person or a corporation either secure permanent funding or removes the responsibility of selling the land. Hard-money loans usually have higher interest rates than conventional or bank loans and are written down over limited periods of time. Typical hard money loans or bridge loans last for 12 to 18 months.
Construction loans
Construction loans are a key step in the start-up or growth of a business. Any business needs an office, but renovation is pricey, whether you’re building a new facility or remodeling an existing one. Commercial Building Loans are specifically designed to help you make up for these costs and get your business up and running.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.
We service all counties and cities throughout South Florida. However, if you need any of these services in other cities throughout the state of Florida, please contact us. See what services we offer below: