CLBI Real Estate Loans
Are you growing your real estate holdings? Are you purchasing a building to get off the rent rollercoaster? Expand your business with a variety of real estate loans.
Acquisition Loans
When working in real estate, there is a wide variety of investment properties and opportunities to chose from. These investments can include hotels, multi-family properties, rental houses and office buildings. Regardless of your intentions, an acquisition loan is the easiest and most straightforward way to obtain a new Commercial Real Estate property.
We have a vast network of lenders that can help you build the right capital stack for your needs. This way, you can purchase and begin operating in your new facility quickly and with financing that won’t leave you out in the cold. The right capital stack makes repayment and operating costs more manageable over time as you gain consistency in payments, avoid rent increases while building equity from the start. Contact us today to find out how acquisition loans work, and we’ll help you get the process started.
Construction Loans
Rather than buying a pre-existing building, sometimes it’s better to build from the ground up. When you want your building to match your needs without an extensive retrofit, a construction loan may be the best form of funding for your project. Whether you’re looking to finance a new building or want to expand your current facilities, we can help you find the right loan for your needs.
What makes a construction loan so valuable is how it’s set up. Rather than borrow a lump sum upfront, the loan is tied to the project’s specific benchmarks. As the project meets these milestones, the lender will pay the next installment so work can continue. Best of all, you can pay interest only, and in some cases, you may delay payment until construction finishes when total costs can be rolled into permanent financing.
Construction Loans
Rather than buying a pre-existing building, sometimes it’s better to build from the ground up. When you want your building to match your needs without an extensive retrofit, a construction loan may be the best form of funding for your project. Whether you’re looking to finance a new building or want to expand your current facilities, we can help you find the right loan for your needs.
What makes a construction loan so valuable is how it’s set up. Rather than borrow a lump sum upfront, the loan is tied to the project’s specific benchmarks. As the project meets these milestones, the lender will pay the next installment so work can continue. Best of all, you can pay interest only, and in some cases, you may delay payment until construction finishes when total costs can be rolled into permanent financing.
Permanent Financing
One of the most significant challenges of running a business is managing your expenses. If you’re currently renting office space, industrial buildings, or retail location, you likely know the struggle of annual rent increases. Fortunately, there’s a better solution – permanent financing.
Permanent financing works similarly to a home mortgage. Instead of renting space from a landlord, you buy a property with a long-term loan – usually 15 to 30 years. Since your monthly payment is fixed, you don’t have to worry about expense increases, which gives you more stability in your business. These loans can work in many situations, such as refinancing a construction or bridge loan. Find out which options are available by contacting us today.
Construction Loans
Rather than buying a pre-existing building, sometimes it’s better to build from the ground up. When you want your building to match your needs without an extensive retrofit, a construction loan may be the best form of funding for your project. Whether you’re looking to finance a new building or want to expand your current facilities, we can help you find the right loan for your needs.
What makes a construction loan so valuable is how it’s set up. Rather than borrow a lump sum upfront, the loan is tied to the project’s specific benchmarks. As the project meets these milestones, the lender will pay the next installment so work can continue. Best of all, you can pay interest only, and in some cases, you may delay payment until construction finishes when total costs can be rolled into permanent financing.
Hard Money
Because real estate is such a competitive industry, businesses often can’t wait for a typical loan to close in order to get in and start remodeling. Because the process can take up to 45 days for approval, many business owners don’t have this kind of time to sit on their hands. A better solution is a hard money loan. These loans close quickly, and can be rolled into permanent financing once your remodel is done and your business is up and running.
When getting a hard money loan, you can close in as few as three days. This is because the lender is not a traditional bank or credit union, so there are fewer obstacles to the approval process. We have a vast network of hard money lenders that can get you the cash you need to move into a new property faster.
Fix-and-Flip Lines of Credit
One of the best real estate investments is buying a property and flipping it for a profit. However, while this tactic can be lucrative, it does come with some obstacles. One of the most prevalent issues you can experience is a lack of funding for various upgrades and refurbishments. In most cases, a mortgage doesn’t cover everything you’ll need to improve the property.
Instead, a fix-and-flip line of credit can be a better solution. This way, you can borrow as much or as little as you need and repay it as you go. Once the property sells, you can pay off the remaining balance and get ready for the next project. Plus, if you’ve been in the industry for a while, you can often get competitive interest rates, so your profit margin is even higher.
Bridge Loans
When working on a new real estate deal, you can’t always wait for financing to come through. For example, if you specialize in fix and flips, you want to be able to buy a new property before the old one has sold. This way, you don’t miss out on an opportunity, and you can keep your momentum going.
A bridge loan can provide fast cash for your next project. We have a vast network of lending partners, many of which can offer a quick closing on the loan. In some cases, you can get the money in as few as three days. Bridge loans give you the flexibility to manage your projects, and you can convert them to permanent financing or other long-term loans once you’re ready.
Bridge Loans
When working on a new real estate deal, you can’t always wait for financing to come through. For example, if you specialize in fix and flips, you want to be able to buy a new property before the old one has sold. This way, you don’t miss out on an opportunity, and you can keep your momentum going.
A bridge loan can provide fast cash for your next project. We have a vast network of lending partners, many of which can offer a quick closing on the loan. In some cases, you can get the money in as few as three days. Bridge loans give you the flexibility to manage your projects, and you can convert them to permanent financing or other long-term loans once you’re ready.
Development Loans
If you’re trying to get a new construction project off the ground, you might think that a construction loan is the answer. However, while those loans pay for the building itself, it won’t pay for the land or infrastructure. In that case, you’ll need a development loan.
These loans are perfect for land developers as they can assist with subdividing plots and building sewers and piping. Also, you can use the funds to pay for permits and zoning before work begins. A development loan is a perfect tool for turning land into something usable, and once it’s ready to go, you can either sell the property or convert the loan for construction. Call us to find out more.
