Whether you are seasoned or new to the commercial real estate market, financing can be difficult to navigate for the individual investor.
Debt service is the largest expense and it often determines whether a project is profitable or not. Many investors pay more than they should or get taken advantage of when they don't have the assistance of a commercial mortgage professional.
Banks offer little flexibility and the rates and terms of private or hard money are unaffordable for most borrowers. Some lenders only finance certain property types and others take up to 120 days to fund, resulting in missed opportunities.
The overall landscape of commercial financing has changed and been significantly impacted by the residential mortgage crisis. Lenders are more hesistant to lend and scrutinize every deal. How you present your project makes a huge difference in the type and speed of response.
Let a seasoned commercial financing professional assist you with the process. Call me for a no-cost initial consultation. I look forward to working with you.
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First Capital Alliance is a division of Fidelity Capital Funding. Real Estate Broker. California Department of Real Estate. License # 01264953