Commercial real estate is any form of property owned or used by a business. Commercial property is required for manufacturing, warehousing, admin, providing services, and even as investments. Currently, the commercial real estate market in the United States is valued at $1.2 trillion and is expected to grow at almost 3%.
To acquire commercial property, entrepreneurs often need mortgages. Additional financing is often required for construction, development, and further expansion.
If your business is looking to invest in commercial real estate, here are some of the common financing options available:
Bridge loans are essentially taken out when there is an immediate need for funds due to gap in financing. These kinds of loans are often short term and can help you meet the funding requirements on a property that’s in demand.
Bridge financing is a good option for relatively newer businesses since it’s easy to acquire, especially with a private lender.
Construction financing helps businesses fund land development and construction for offices, ware houses, retail, industrial, and multi-family properties. This type of loan is provided to pay off the construction company providing their services. There are various kinds of construction loans available to businesses, like land development loans, interim construction, takeout loan, and even acquisition and development loans.
Permanent financing is a long-term loan businesses can take on for expansion purposes, investment in fixed assets like equipment, multi-family properties, or even a new workspace for employees.
There are a number of permanent financing options that can be opted for, depending on what your requirements are. These range from property refinancing, custom construction, new construction, and even property purchase. Taking on debt to finance such projects ensures the company doesn’t exhaust its retained profits and capital to see these projects through.
Mezzanine financing bridges the gap between owner’s equity and financing obtained from banks. Often banks only provide a percentage of the funds a business applies for and clients require additional funds immediately to close on commercial real estate deals, that’s where private lending and mezzanine financing comes in.
Get in touch Global Capital Partners Fund LLC, a private money lender based in NYC that has been part of the industry for 30 years now. They have a reputation for quick closings and dependable loans, making them the first choice among commercial clients. They have worked with commercial clients, providing up to $2 billion in loans already. They provide financing for land, development, real estate, acquisitions, and other needs of their clients. They offer commercial financing for real estate,permanent loan programs, mezzanine property finance, bridge financing, hard money loans, and other debt facilities. Call +1-800-514-7350 to speak with their agents to know more about their services.