Obtaining alternative commercial lending is not desperate strategy for your commercial real estate or unique property. Alternative commercial lending is an approach to complete your commercial real estate transaction. Many presume alternative commercial lending is just for bad credit applicants; this is not the case in today’s real estate market. Good credit applicants need commercial lending alternatives for their commercial real estate projects too, and keeping your personal credit in good standing is the key to your financial success. If you do have good credit and your local lender declines your commercial real estate loan application, now is the time to opt in to a commercial bridge loan.
Apartment Building Loans
Most local lenders will require parcels of the apartment complex to be contiguous; our commercial real estate lenders will not require the parcels to be contiguous.
Local lenders will not lend on “broken condos”, our lenders will.
Mixed Use Properties
With lending restrictions, some local banks prefer not to lend on mixed use properties
Foreclosing on Commercial Property
If your property is in its early or mid-stages of foreclosure or if your property is upside down in value, do not panic; check out your options with a commercial hard money loan. Consult with your real estate attorney before you start shopping for a commercial bridge loan.
Smart investors know a good investment, the ROI versus the interest rate is far more important than shopping for the lowest conventional rate possible. Time is money, there is not much time while there is a good commercial real estate investment pending. What are more important are your ROI, your exit strategy and closing your valuable real estate investment.
For more information on how we can locally help you Alternative Commercial Real Estate Loan in Estero FL, Fort Myers FL, Bonita Springs, Naples FL and Marco Island, please fill out the online contact form about your concerns or give us a call at 855.477.9007. Read what our valued clients have to say about First Pro Capital on our Testimonials page.
~ Allow our team of professionals to assist you!