December 21, 2023

Commercial lending can be done in different financial institutions such as banks, credit unions, or other financial institutions such as private lenders specializing in commercial lending. It typically involves the evaluation of the value of the property and uses it as collateral.

There are types of Commercial loans that are available to support business and here are the common types such as:

Term Loans – This type of loan provides a fixed amount of money upfront, that can be repaid over a set period of time. It is commonly used to require non-current assets such as commercial real estate.

Lines of Credit – These loans provide access to a set amount of funds that can be borrowed ahead of time and can be repaid over a period of time. It is usually needed for any unexpected or short-term expense.

Hard Money Loans – It is a short-term loan financed by a private lender, it is used to purchase a commercial property. They usually evaluate the value or property and use it as collateral.

SBA Loans – This type of loan is backed by the government. There are several types of SBA loans such as 7(a) loans, CDC/504 loans, and microloans. SBA provides a loan for commercial programs.

Bridge Loans – A short-term loan to bridge a gap until the borrower secures more permanent financing.

Overall, these types of loans are varied depending on the needs of the borrower, and also the borrower’s creditworthiness, and the value of the property.

A private lender that specializes in commercial real estate businesses will help you which the best type of commercial loan for your needs.

It’s always best to consult with a lender that specializes in commercial real estate lending. With the fast closing rate of as long as 2 weeks and you can get your funds in just 48 hours! Century Capital will definitely be here to provide you with the best services. To know everything about Century Capital Partners LLC Reach Victor Cohen at 201-880-7850 ext 102 or send an email to victor@centurycapitalfinance.com.

Economic Conditions – The state of the economy plays a vital role in purchasing commercial property. For example, a recession can be a good idea due to the number of commercial properties exceeding the demand, and prices being lower.However, it may be difficult to secure financing during a recession. It’s better to check other options to secure financing that evaluates more on the property value than your credit score, like Hard Money Loans.

However, it may be difficult to secure financing during a recession. It’s better to check other options to secure financing that evaluates more on the property value than your credit score, like Hard Money Loans.

Time of the Year – There are times of the year that are best for purchasing a commercial property. s.

According to the National Association of Realtors (NAR), most people purchase commercial property from March to August due to weather condition

Investment Goals – Your goals in investing in a commercial property are a major factor. If you are into a long-term investment commercial real estate can be a good business. Always determine how much you are willing to shed out for your business and consider if this commercial property is right for you.

It’s best to consult with a commercial property lender to help you finance and secure the commercial property that’s right for your business and needs.

Overall, there are a lot of factors to check when you’re purchasing a commercial property and determine all the factors.

Also, it is always best to consider other options for commercial real estate financing such as Hard Money if you are planning to secure your desired commercial properties quickly as commercial properties are based on market demand.

It’s always best to consult with a lender that specializes in commercial real estate lending. With the fast closing rate of as long as 2 weeks and you can get your funds in just 48 hours! Century Capital will definitely be here to provide you with the best services. To know everything about Century Capital Partners LLC Reach Victor Cohen at 201-880-7850 ext 102 or send an email to victor@centurycapitalfinance.com.

Private Money lenders offer alternative financing for those who may not qualify for traditional lending or those who are looking for a more flexible and short-term way of financing their commercial real estate transactions.

Here are some of the Private Money Lenders in Real Estate:

Private Investment Firms – These are firms that specialize in financing real estate projects. They pool funds from different investors to provide loans for different real estate transactions.

Crowdfunding – crowdfunding platforms that cater to real estate investment opportunities. It is a type of investment wherein investors pool their money to finance commercial real estate projects.

Real Estate Investment Groups – It consists of a group of investors who pool their funds and invest it in real estate projects. The group of investors contribute capital for loans or to participate in joint ventures to finance commercial real estate deals.

Hard Money Lenders – Hard Money Lenders are private lenders offering short-term loans secured by a commercial real estate property.

Hard Money lenders evaluate the value of the property rather than the creditworthiness. It is typically used to obtain financing quickly.

Private money lenders may have different criteria, terms, and interest rates for their loans

It’s better to understand all the terms and always choose the best terms that are flexible before proceeding with your next commercial real estate transaction.

It’s always best to consult with a lender that specializes in commercial real estate lending. With the fast closing rate as long as 2 weeks and you can get your funds in just 48 hours! Century Capital will definitely be here to provide you with the best services. To know everything about Century Capital Partners LLC Reach Victor Cohen at 201-880-7850 ext 102 or send an email at victor@centurycapitalfinance.com