Choosing the Right Commercial Real Estate Bridge Loan Lender: Factors to Consider

Financing commercial property is a lot different. After all, they come with a higher risk for the lenders. Thus, the lenders charge higher interest rates and fees from the borrowers. One of the effective financing solutions available for commercial properties can be the commercial bridge loan. When you look for commercial real estate bridge loan lenders, you will find many who can provide the required financing. But you must know the eligibility criteria.

Getting the commercial real estate bridge loan

A significant advantage of choosing a commercial bridge loan is the application process. It will be much faster and easier than any other type of loan. However, the exact process will differ depending on your chosen lender. The borrower will be asked to submit the initial request online when applying for the loan. It will include the loan amount and the purpose. Besides, there must also be details for the property type, estimated value, address, and more. Finally, you are required to fill in your personal contact information so that the lender can reach back to you within 24 hours.

There is little paperwork involved here. However, the lender will indeed check your credit history. He can ask you for specific documentation, like bank statements, to get a bigger picture before approving the loan. Remember, the requirements of commercial real estate bridge loan lenders will differ significantly. You need to understand things clearly before you choose someone. Here research process will be beneficial for you to identify the best lender who can provide you with the required funding at a lower interest rate. This will have many advantages, as you can save significantly while getting the financing necessary to complete the project.

Conclusion

Finding commercial real estate bridge loan lenders is relatively easy. However, if you need help, consider connecting with Private Capital Investors. We have got an excellent reputational. We are prepared to help you identify the best options for your needs. You can trust us to get the required funding on time. In addition, we will help you get a lower interest rate and other benefits.

Can I Get A Loan With Stated Income In Florida?

The stated income loans became quite a problem option during early 2000. Thus, they are no longer valid now. After all, the lenders approved the loans based on the income status mentioned on the loan application. They didn't check any income documentation to verify the accurate income of the borrower. Thus, an act passed in 2000 made using stated income loans for owner-occupied properties illegal. Now when you look for stated income loans in Florida, you will not have many options available. Thankfully there is an alternative to get the funding.

Get the right loan

As a self-employed borrower, it will be difficult for you to qualify for traditional mortgages due to tough documentation requirements. Luckily, there is an alternative for the state: bank statement loans. It will be quite helpful for the lenders to use the bank statement to confirm the borrower's income rather than checking the tax returns. In addition, each lender has their underwriting requirements for determining the net income. So if you don't qualify with one lender, you can use another for help.

The stated income loans do not exist for owner-occupied properties. But they are still available to purchase an investment property. It will be quite a big help for those borrowers who like house flipping or are self-employed borrowers etc. Real estate investors can make use of the loan for the purchase of another type of property or for flipping a property. Some borrowers also use the stated income loans in Florida to temporarily fill up the cash reserve.

The stated income loans are growing. It will be a step up from the hard money loans but will come with a better interest rate. Remember, the qualification process for the loans can be a bit tough. So make sure to enquire about it before you get the confidence to apply for the loan.

Conclusion

If you are looking for stated income loans in Florida, consider connecting with Private Capital Investors to get help. They have expert professionals who will understand your requirement and provide you with the best help possible. With their guidance, you will be able to get the required financing in the minimum time possible.

How do Lender Determine Commercial Mortgage Rates using a calculator?

A commercial mortgage calculator is a beneficial tool when looking for a mortgage loan. Whether you are purchasing a new investment property or wish to refinance the existing commercial mortgage, it will help you know how much the loan you can afford at the current rate. In addition, the commercial mortgage calculator will also help calculate the new monthly payments and understand the other details.

How does the calculator help?

There are numerous criteria the lender will use for determining the rates. But the lenders will assess the relative risk of the loan by determining the rate they will offer. When there is a higher risk with the loan, they will charge you a higher rate. So it is essential to know what factors the lenders use to determine the risk.

•          The property market and location play a crucial role. When the property is located in an excellent metropolitan area, it will be considered lower risk.

•          The tenant max can impact the monthly rentals. Those multi-tenant properties that have got good qualities will have long-lasting leases. Thus, they will be more desirable.

•          Stabilizing occupancy is also a crucial factor that lenders consider. The lenders look for properties that have high occupancy levels. With minimal changes, they can last for 2 to 3 years. While properties with fluctuating rental history and vacancies are considered higher risk.

•          The lender will look at the condition of the property. A property that requires maintenance will be considered to be of higher risk. However, those in good need will come with a lower risk. As a result, you can get a loan with a lower interest rate.

•          Finally, a loan-to-value ratio is essential for determining the rate. When the borrower has an LTV of 50%, the price will be better than the loan you will get with an 80% LTV.

Conclusion

Proper research and understanding of the factors will make it easier for you to find the loan suitable for your specific project needs. You can consider getting the help of Private Capital Investors. They have expert professionals who will make acquiring a loan manageable for you.

Where Do I Get the Best Commercial Real estate Lenders In Florida?

Commercial real estate loans currently are the most appropriate way to purchase or renovate a property. However, this loan type varies from the other small business loans.  In fact, to be precise, a commercial real estate loan is a lot similar to a residential mortgage. These loans can be used for financing properties like apartment buildings, office buildings, restaurants, shopping centers, etc.

Given the demand for commercial real estate loans, there has been a significant increase in the number of commercial real estate lenders in Florida. However, the terms and rates of each lender vary greatly. So better enquire about it before signing the final documents.  There are certain lenders offering fully amortized loans, while the others have interest-only payments with a final payment at the end of the term. Also, the interest rate can be variable or fixed.

 

Which is the best commercial real estate lender in Florida?

Given the demand, you can find several commercial real estate lenders in Florida. However, to finance loans in the simplest and easiest way, you should trust Private Capital Investors.  Here’s how we will offer you the best loan services.

•          Speed

 It is quite challenging to find a quick solution to access the required cash. With Private Capital Investors, you can stay assured to get your loan sanctioned within one week. This becomes essential when you have an important project in hand.

 

•          Low Hassle

Most of our products do not require tax returns. We ensure to keep our paperwork to the minimum. Thus, help keep the process streamlined so that you need not have how to run from one place to another to acquire the necessary documentation for getting your loans cleared.

 

•          Range of choices

We have a range of programs to help you with your financing needs. Unlike the other lenders in Florida, our finances are not limited. No matter your requirement, we will offer you the amount in the shortest time.

 

Contact private capital investors to get fast loans.

As the leading commercial real estate lender, Private Capital Investors offer real-time solutions to clients. Our company is efficient enough to accommodate the needs of various clients. So contact us today to get your loan approved easily and quickly.

7 Important Reasons to Invest in Commercial Property in Florida

 Florida isn't about theme parks or vacation destinations but is also home to a burgeoning economy. In fact, it's the hub for travel and transportation of goods between North and South America. This makes it the biggest reason behind the increasing number of commercial real estate lenders in Florida. In addition to this, here are the top reasons why investing in Florida commercial real estate property is the right choice.

 

1.           Growing economy

A strong economy with widespread and consistent growth signs offers positive characteristics when looking for investment opportunities. Florida is a top performer in the United States, is ranked 5th in the fastest growing economy. This means the state offers several investment opportunities.

 

2.          Best States for business 

Florida is among the best states to do business in the United States due to its GDP, average salary, growth of working-age adults, and tax rate.

 

3.          Tax friendly states

Florida is a desirable place for business as the tax rates here are quite favorable compared to the other states. Further, there is no personal income tax, and thus the investors and entrepreneurs can invest freely.

 

4.          Low unemployment rate 

Florida's growing economy contributes to financial stability while influencing the employment rates in the state. In fact, it is a forerunner of the modern employment landscape and is ranked fifth nationwide in Hi-Tech employment, which is considered one of the fastest-growing workforce sectors.

 

5.          Population growth 

The growing population is a strong sign of confidence in the region. Further, competitive employment opportunities and better quality of life encourage more commercial real estate lenders in Florida to invest in the state.

 

6.        Positive vacancy rates

 The vacancy rate dropping in Florida's states indicates an increasing demand for commercial retail space.

 

6.          Foreign investment in the CRE market 

Florida's commercial real estate market is influenced greatly by foreign investments arriving from all over the world, which helps reinforce the market's stability and strength.

 

 Investing in the Right Place

Given all the reasons, it is clear why the number of commercialreal estate lenders in Florida is increasing greatly. If you wish to get your hands and benefit from your investment, it is better to connect with Private Capital Investors. The organization will offer you the loan you need to make a purchase and ensure a better future.

5 Ways for Evaluating a Commercial Real Estate Investment

There are many evaluating commercial real estate investment methods, both in the market and rental values, depending on the destination and use of the property studied. Here, we bring you five ways to evaluate a commercial real estate investment.

The influence of the environment –

In the same city, we can observe differences between neighborhoods but also from one street to another. The environment, the attractiveness of the area, the district's reputation, the feeling of security, the prospects for the development of the territory: all these elements influence the final evaluation of the property.

Loan rates –

Another aspect to consider is "loan rates." Commercial real estate loans are easier to get if the property has a good location and future growth. Investing in real estate property largely depends on "loan rates." Not everyone can invest from their pocket but look for a bank loan, hard money lender, or mortgage loans. So, always evaluate the location and loan rates before investing.

By comparison (or market method) –

The so-called "comparison" method consists of deducing the property's value from the analysis of the price obtained from the recent sale of other properties as similar as possible in terms of consistency, condition, location, and qualification. This method is divided into sub-methods: "soil + construction", "integrated building land", and "by statistical regression".

By replacement cost –

On the one hand, the buyer wants to achieve "a good deal." On the other hand, the owner wants to sell at the "best price." But what is a reasonable price? The "replacement cost" method consists of reconstituting the property's cost price by deducting depreciation for obsolescence. This method is little used in terms of market value. It is more frequently used for very specialized commercial properties or to define utility or operating costs.

Consider the construction time –

Generally, newer properties tend to have a significant difference in value compared to older properties. After all, they are properties more suited to the current reality and offer better infrastructure quality. However, to know how to evaluate property properly, try to understand its time of existence. Don't forget to count on the help of professionals specialized in the subject.

How to Find a Genuine Stated Income Commercial Lender

If you are trying to buy a new property or upgrade your old one, getting a hard money loan is the first thing that might cross your mind. There are several banks that loan out money for such purposes. However, if you do not have a great credit score, then you might have to narrow down your search to stated income commercial lenders. Though there are bad credit loans available in the market, there are also a number of scammers who take advantage of an unwary customer. In such circumstances, it is essential to check if the lender is genuine or fake. Once you are sure about this, only then must you approach them for any kind of financial assistance. 

Checking the Private Commercial Lender’s Legitimacy

Before you apply with a stated income commercial lender, it is essential to do thorough research about the different lenders in your city. There are several means to check if the financer is genuine or no. Here are some ways through which you can spot potential red flags.

• Online Presence

You may get an offer for hard money loans from several lenders, the moment you start looking out. In case someone approaches you, check online for the company name and if possible, customer reviews. 

• Better Business Bureau

Every genuine company will be listed on the Better Business Bureau website. You can learn more about the lender and his company. Check for the grade and reasons for it. Reading customer reviews will also help you decide if you can apply for a loan with that particular lender. If you are not satisfied, then you can search the BBB portal for another one.

• Approach

Though lenders want to give out loans, none of them would be desperate or run behind borrowers. If you feel like the company is overtly manipulative or rushing you into applying for a loan, even before you check for facts, then it is advisable to discontinue all contact.

• State Attorney General

As a last resort, you might want to check with your state’s attorney general to be entirely sure of the business. By law, every loan broker and lender should register with a state agencies before commencing their business. If there is no record found, then you for sure are in for a scam. So be careful.

Sometimes, lenders may ask for your bank details to know where to transfer the loan amount, once the application has been approved. However, no lender will ask you for your online banking credentials. If this is the case, then it can be a fraudster who wants to lay their hands on your money. Knowing how to check if a stated income commercial lender is genuine can potentially save you from losing your money and property.