Best Commercial Real Estate Loan in Lake Park, FL
If you have any real estate acquisition in mind as an investor in Lake Park, you must be familiar with the need of requesting loans or credits. After all, it is hard to finance any purchase that involves either a small or large property without the help of a lender that can provide the rest of the missing funds.
Other projects like renovations, expansion, or just maintain the cash flow of a company, can also require a loan if you don’t have enough money to cover every expense.
Now, where can you access the loan? Or, to be more specific, who can be your lender? Institutions like banks, insurances, pension funds, and private lenders, are the usual options for both businesses and individuals. In Lake Park, the last option is the most popular one due to how many benefits and reasonable conditions borrowers can access when relying on private money loans.
But did you know that each lender has its own requirements despite being “the same” when it comes to what they do and offer? At Commercial Real Estate Loan Pros of West Palm Beach, we focus on asking requirements that are more reasonable compared to the ones from banks and similar institutions.
Yes, we will need your credit score, which we’re sure you could be a bit worried about if it isn’t excellent. However, our loans vary in the credit score you should have and even when good or excellent ones are required for a few services, we still consider other aspects that are part of our requirements. Like your personal finances, collateral, reliability, and how you can deal with the repayment of the debt.
When it comes to benefits and terms, we offer the lowest interest rates in the city for each one of our services. Short-term loans usually involve higher interest rates, and we make sure to handle the possibilities by reducing them as much as possible. Meanwhile, our long-term loans go from 5% to 15% in rates, but it is always negotiable and the final conditions of the loan will be based on your needs and situation.
Access the funds you need in Lake Park
Our loans range from commercial to residential ones, and many of them are for multiple purposes. Hard money loans, commercial and industrial loans, even multi-family ones, are available among our services and you can apply for any of them if you’re in the city.
Most of the borrowers in Laker Park aim for commercial real estate loans and owner-occupant credits in order to finally own their properties. We highly support the fact that people want to stop spending on rent every month and focus on having their own space. But we also support those that need more funds to maintain cash flow, start new projects, go for renovations, or deal with other projects and purposes completely different from real estate investments and acquisitions.
With that said, the funds you need—after the loan was approved—can accesses within a few hours or days depending on the credit. But we won’t take weeks or over 7 days to send them over so you can purchase what you need or cover your expenses. Just let us know what you’re trying to obtain and we will determine the best credit for your needs.
If you already have one in mind, our team at Commercial Real Estate Loan Pros of West Palm Beach will be more than happy to review your application.
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: