If you need a quick loan to buy or refinance a piece of commercial real estate, contact us to see what financing options we can offer you.
Borrowers most often use the loans to buy or refinance commercial real estate. Consolidated payments on leases or smaller loans are an option as well. The borrowed money can be a way to get out of a bubble mortgage or high-rate loan and save some money on financing charges.
Debt consolidation is a common motivator for borrowing money. A commercial borrower uses the value of a property to pay off smaller loans and leases and streamline their money management.
A stated income loan is a way to get quick access to money you need for inventory or to exploit an unexpected business opportunity. A renter could use the funds to purchase their space and turn it into an asset. A cash-out refi using the property’s income potential is another way to raise money.
A borrower’s credit history might make it difficult to get a conventional loan based on their personal or business credit. This credit issue can get in the way of making needed acquisitions or improvements at a reasonable cost. Unlike traditional loans, it just takes some money to invest and property with enough income to cover the borrowing costs.