Best Commercial Real Estate Loan in Lantana, FL
In the entire Palm Beach County, people overall need loans for either acquiring real estate, investing in it, or just covering other expenses in businesses or companies, especially when they’re in Lantana.
If you qualify as any of these or you’re just looking for funds to help your personal finances or commercial ones, you will need to rely on lenders that can provide you with at least 70% of the money you need. Unfortunately, most banks are unable to offer 100% of the amount you request in the loan, especially if it is for a different purpose to real estate acquisition.
Also, banks have strict requirements to even apply for the loan in the first place, and the terms and conditions tend to be for their benefit instead of being a win-win situation for the lender but the borrower as well. Private lenders like us at Commercial Real Estate Loan Pros of West Palm Beach can offer you better terms and the specific loan you need regardless of its purpose.
Many companies have relied on us in order to access the capital to own their premises and stop spending in rent by requesting one of our commercial real estate loans. But owner-occupants for residential properties can also find us in Lantana to have the funds to finally have their own home. Although real estate is the main reason why people request our services, we can cover much more.
If you are having a hard time maintaining your cash flow, expanding your property, renovating it, or maybe starting a construction, among many other things, you can still count on our services. We have a wide range of loans that help you to access the funds under better conditions based on your needs and situation. It isn’t the same to apply for a private money loan to purchase a commercial property as requesting a commercial real estate one with longer loan terms and lower interest rates.
Our terms and conditions for each loan
They vary and it would be hard to let you know what to expect for each loan or any you need. After all, our services aren’t only different in the purpose but also in interest rates, repayment time, and other aspects that are established in the final agreement.
To give you an example, our hard money loans are short-term ones with higher interest rates due to the time you have to repay for them and how fast we’re able to provide you the resources. While commercial real estate loans are long-term ones with better conditions based on the cost of the property and your annual revenue.
Everything depends on what you need, so don’t think one is better than the other. It is more a matter of what loan is perfect for the use you will give it. With that said, we can give you an idea of the conditions for short and long-term loans:
- Short-term credits: 1 to 5 years for repayment, 3% to 15 interest rates—approximately—, collateral.
- Long-term credits: 10 to 30 years for repayment, 1% to 15% interest rates—approximately—, the property or acquisition is the usual collateral.
Don’t hesitate or worry too much about them since we will make sure to consider your needs and situation when writing down the conditions for your loan. And you can always negotiate them with our team located in Lantana, regardless of the credit, you request.
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: