Construction lending is poised to come roaring back and we are ready.
Eatontown, NJ, July 18, 2014 (Newswire.com) - The professionals at CRE-Finance LLC are excited that commercial construction lending is poised to come roaring back, as new commercial construction was almost non-existent during the Great Recession. CRE-Finance LLC is so bullish on commercial construction lending that we just went out and paid a small fortune for the commitment money to lend out.
Somewhere in your pencil drawer is the business card of a banker who makes commercial loans. It's probably stained and dog-eared, and you probably haven't even looked at in months. You can trade the contents of this stinky 'ole business card for a free evaluation by CRE-Finance of your commercial construction project.
Sooner or later you will be trying to get a commercial loan so that either you, or your investor client, can buy a commercial investment property (as opposed to an owner-user property). You will be very frustrated to learn that your bank will not lend up to 75% loan-to-value any more. The bank will want you to put down a whopping 40% of the purchase price and give every personal guarantee possible. Why do that when CRE- Finance can even fund you preferred equity in your project to make your down payment large enough.
If you have any questions regarding commercial real estate or are seeking commercial financing, give us a call. Richard Tretsky can be reached at 212-257-7307 and Todd Tretsky can be reached at 212-257-7305 or visit our website at www.cre-finance.com. We look forward to working with you to help you achieve your construction project completion.