Private Funding Loans
Capital is the most important requirement to invest in any business or industry, and even more when it comes to real estate. This is why most investors are looking for options despite their own savings, such as banks, insurances, or private funding loans.
When we focus on finding a good option or alternative that can lend us the money we need for our investment, banks are what come to our minds first. However, they aren’t the best options nowadays when you consider how long they take to approve a loan, interest rates, and all the documentation and paperwork you have to go through.
As a result, most real estate investors lose opportunities in acquiring a great deal that was completely worth the loan they were requesting. With most institutions like insurances or similar ones, the same happens when it comes to time. This has led many people to find alternatives that not only offer the same or more in less time but also have more flexibility in how you can apply for a loan and if you are able to obtain it.
One of the best ideas real estate investors and anyone involved in the industry has come up with is resourcing private funding loans. This option refers to any loan that comes from other sources that aren’t usually involved with the government or usual institutions like banks, and the main benefit is that they can get yours approved in a matter of days. The source for your funding can be from anyone that is either in the industry and offers loans directly or even people you have met and can use their own capitals to finance your real estate investment.
Friends, family, angel and venture capital investors, and crowdfunding are part of the alternatives and sources available with this option. But also, you can resource to a private company that offers private funding loans for real estate investors or even other organizations in the industry.
The team at Commercial Real Estate Loan Pros of West Palm Beach is a large investor that helps you to obtain the funds you need for your real estate career. Since we are aware of how fast the market and industry move, we won’t take weeks to review your application and determine if your loan gets approved or not. Instead, we will get back to you in a matter of days or even between the first 24 hours after you apply for it.
Just keep in mind we also have a few conditions for your loan that aren’t as strict and institutional banks or similar entities, but we want to make sure you are in conditions to apply for one.
Why consider private funding loans for your real estate?
Not everything is perfect and even these private loans have their own disadvantages. However, the fact that most real estate investors are resourcing to them can tell you the benefits are much more compared to anything else. To begin with, you have more opportunities to have your loan approved either if you are a beginner, average, or very experienced real estate investor.
Unlike banks and other institutions, we do have our conditions as mentioned before, but they are much more flexible and relaxed so any investor can go for them and see the possibilities. Therefore, you will be more confident in applying for a loan, and the opportunities to get it are very high. On the other hand, it is much quicker.
Going for private funding loans allows you to access the money you need in no time, which means you won’t be losing properties to other investors or have enough to go for a property that is more worth than the one you had in mind. It speeds up the process, and as professionals in this industry, we know speed and money are important and crucial if you want a sustainable career. Finally, it is possible to obtain advice on what you are investing in and how you are doing it. Although funding is all about lending the money and having nothing to do with the process you perform to invest it, we are concerned about your real estate investments.
Therefore, acquiring our loans also come with advice you might want or not—it’s completely up to you. We have a deep level of experience in the industry, which brings even more value when accessing this type of funding in your career. In short, you will be accessing both knowledge and resources that will be more than required in your career.
Why choose us versus borrowing money from family and friends?
Private funding loans are known for many people is money that is given to the real estate investor with a certain relationship with the lender. This is accurate, but several real estate funding companies like us bet for investors, either if they are individuals or organizations dedicated to the industry. As a result, we have made sure to offer great loan options so you don’t have to rely on banks and large institutions.
We will back your project and guarantee you are able to build a stable career in the industry without having to invest your capital over and over again. What worries most real estate investors, either new or experienced ones, are the conditions we might have for them to apply, and we are certain this is something you’re also concerned about. However, you don’t have to. We work with funding options, not hard money lending, which means our requirements and conditions for your loan to be approved are based on your needs and situation.
Yes, we have certain pre-established requirements, but they are nothing compared to banks and other entities. Now, the main difference in having us as your lenders instead of your family or friends is the benefit of going for a larger amount of money. We can work out something bigger so you can invest in real estate that is much worth it than the one you were planning to obtain.
All this, without having to wait 90 days for a bank nor having to worry about when and how you have to pay your loved ones. We have very flexible options and we are confident you will love what we have here for you at Commercial Real Estate Loan Pros of West Palm Beach.
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: