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construction loans
How ABC Construction Used Design Real Estate Solutions' Commercial Construction Loans to Build Their Dream Office Building
As a commercial construction company, ABC Construction had been dreaming of building their own headquarters for years. However, with the high cost of construction and the challenging lending environment, they were struggling to secure the financing they needed.
That’s when they turned to Design Real Estate Solutions, a leading provider of commercial construction loans. With their expertise in real estate finance and construction, they were able to guide ABC Construction through the complex process of securing a construction loan.
First, Design Real Estate Solutions helped ABC Construction to determine their borrowing capacity and identify the best loan options for their needs. They worked closely with them to understand their business goals and financial situation, and then presented them with several options for financing their project.
After carefully reviewing the options, ABC Construction chose a construction-to-permanent loan that allowed them to borrow the funds they needed for construction, with a seamless transition to a permanent mortgage once the building was completed.
With the financing in place, ABC Construction was able to move forward with their plans to build their dream office building. They hired a team of architects and contractors, and began the design and construction process.
Throughout the construction phase, Design Real Estate Solutions was there every step of the way to ensure that the project was on track and that the loan was being managed properly. They provided expert advice and guidance, and helped ABC Construction to overcome any obstacles that arose during the construction process.
Finally, after months of hard work, the new office building was completed, and ABC Construction had a state-of-the-art headquarters to call their own. Thanks to Design Real Estate Solutions’ commercial construction loan, they were able to make their dream a reality.
If you’re a commercial construction company looking to build your own headquarters or expand your business, Design Real Estate Solutions can help you secure the financing you need. Contact them today to learn more about their commercial construction loan options.
Newsroom
conventional loans
Understanding Conventional Loans for Commercial Real Estate
If you’re in the market for commercial real estate, you’ve likely come across the term “conventional loan” before. But what exactly is a conventional loan, and how does it differ from other types of commercial loans?
In short, a conventional loan is a mortgage loan that is not guaranteed or insured by a government agency. This means that the lender assumes more risk, and as a result, the qualifications for a conventional loan can be stricter than other types of loans.
One advantage of conventional loans is that they typically offer lower interest rates than government-backed loans. This can result in lower monthly payments and a lower overall cost of financing.
To qualify for a conventional loan, borrowers will need to have good credit, a strong financial history, and a significant down payment. Generally, lenders require a down payment of at least 20% of the property’s purchase price.
Another factor to consider when applying for a conventional loan is the loan-to-value (LTV) ratio. This is the amount of the loan compared to the value of the property. Lenders typically prefer a lower LTV ratio, as it means less risk for them.
When applying for a conventional loan, it’s important to shop around and compare rates from different lenders. In addition to interest rates, you’ll want to consider other factors such as closing costs, loan terms, and any prepayment penalties.
In summary, conventional loans can be a great option for commercial real estate financing, especially for borrowers with strong credit and financial history. However, the qualifications can be stricter, and a significant down payment is typically required. It’s important to do your research and work with a trusted lender to ensure you get the best loan for your needs.
Newsroom
Equity loans
Maximizing Your Property Value with an Equity Loan Program
Are you planning to undertake a major commercial real estate project, but need additional funding to make it a reality? An equity loan may be the solution you’re looking for.
An equity loan is a type of financing where a lender provides you with a sum of money based on the equity you have in your property. In other words, the lender is essentially buying a percentage of your property in exchange for the funds you need for your project.
Here are some key things to keep in mind when considering an equity loan for your commercial real estate project:
Equity loans typically have higher interest rates than other types of financing. This is because the lender is taking on a higher level of risk by investing in your property.
The amount you can borrow with an equity loan depends on the value of your property and the percentage of equity you are willing to sell to the lender.
An equity loan can provide you with more flexibility than other types of financing, as you can use the funds for any aspect of your project.
You will need to have a solid business plan and financial projections in place to secure an equity loan, as lenders will want to ensure they are making a wise investment.
Overall, an equity loan can be a valuable financing option for your commercial real estate project, but it’s important to carefully consider the terms and conditions before making a decision. Be sure to work with a reputable lender who can guide you through the process and help you make the most of this opportunity.