Real Estate Financing
We offer both long and short-term real estate financing solutions, including acquisition, constructions and development, and permanent. These solutions support business owners who are looking to purchase new property, develop land, or fix and flip a property for profit. Our real estate financing options vary in length from 1 – 30 years with affordable rates.
Available Loan Types for Real Estate
Acquisition Financing
The purchase of real estate is an essential part of growth and expansion. Whether funds are needed for purchasing another building to be used for storage, expansion, or owner occupation, a real estate acquisition loan is often the first choice. Almost any type of legitimate business is eligible for financing, including manufacturing, wholesale, service, professional service or retail.
We offer long-term loans, typically with a 10 to 20-year lifetime, for the purchase of commercial real estate. Applicants will usually be required to inject approximately 10 percent of the total cost as a down payment.
Construction Loans
We offer short-term construction loans, typically 3 years in length, to finance development projects. These loans are secured by a mortgage and are used to cover the cost of development and construction with the funds disbursed as needed, or as parts of construction are completed. Disbursement can also occur according to a prearranged schedule, which allows for more control over the process. Permanent financing is usually arranged before the construction loan is disbursed.
Our construction loans are available for construction of new facilities or the modernization, renovation or conversion of existing facilities. Funds can also be used for the purchase of fixed assets like interior or exterior improvements, including owner-occupied buildings, street improvements, utilities, and parking lot construction or repair. We provide options for low APRs and easy repayment plans, making our short-term construction loans perfect for many businesses.
Permanent Real Estate Loans
Permanent financing, also known as a permanent mortgage, is obtained after completion of construction, usually to repay short-term construction loans. Our permanent loans are typically 15 – 30 years for the financing of fixed assets like real estate.
Funds can be used to repay construction loans, financing for property acquisition, or to refinance against existing debt. With a qualifying credit score and Loan to Value ratio of up to 85%, business owners will be approved for funding. Applicants will need to provide DOT and clear title to qualify for permanent financing.
Hard Money Loans
When a business’s credit score is less than desirable, or they have been denied a loan in the past, hard money loans are a great option for funding. Instead of using credit history as collateral, some type of physical property or asset is used as collateral to ensure repayment.
Traditional banks do not offer this type of loan, which can make this them even more difficult to obtain. Our hard money loan APR varies depending on size and scope of loan needed and can be anywhere from 9% to 18%. Applicants will need 65% – 75% Loan to Value ratio for approval.
Fix and Flip Lines of Credit
A fix and flip line of credit allows an investor to acquire, improve, and resell a property for profit, with potentially little or no money out of pocket. Typical fix and flip lines will fund up to 100% of the purchase and repair price, as long as the loan amount is 70% or less of the appraised after repair value (ARV).
Funding is most often used to finance the purchase of property, repairs, contractor fees, listing and broker fees, and other aspects of property investment. These short-term loans are typically repaid with proceeds from the sale of renovated properties and are usually 1-12 months in length.
Bridge Lines | Bridge Loans
We offer short-term loan options which are typically repaid over 3 years, which are ideal while waiting for long-term financing to be funded. Most commonly known as a bridge loan, these are also known as a “caveat loan,” and, less often, as a swing loan.
These short-term loans allow the borrower to meet current financial obligations by providing an influx of cash. Funding can be used to pay employee wages, business utility bills and other accounts payable.
We provide bridge funding options for businesses who are applying for long-term loans so that they can avoid delay in operations. With low APR, a bridge loan is typically approved for seasoned businesses with experience and a comprehensive portfolio.
Understand Your Options
Our network provides the capital your business needs. We work to find the best solutions and connect you with the lenders who are right for you.
For more info, or to schedule an appointment, just use the form to let us know what you are looking for.