Commercial Construction Financing
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Constructions are not cheap nor usually affordable for a company to finance with its own savings and income. Therefore, knowing the types of loans you have available for it can be crucial to know if you can start a project or not. In Tampa, most businesses rely on commercial construction financing for any idea.
It is not impossible nor weird to notice companies financing their own constructions and expansions, but it does not mean it is not expensive or easy to do. Also, using your own finances as a company can bring many problems when it comes to covering other expenses, like paying employees, taking care of emergencies, and more, considering that the amount of funds you need is not small.
Therefore, either if you need to build a new building or space for your business, or expand it by adding new spaces and units, relying on lenders with commercial construction financing is a great idea. But why this financing instead of the usual commercial real estate loans or maybe construction credits? Because depending on the specific loan you request that adjust better to your projects and needs, more benefits and better conditions can be included.
At Commercial Real Estate Loan Pros of Tampa, we are one of the very few private lending companies in Florida that can offer you commercial construction financing regardless of the type of business you have. This financing comes with several options that go according to the specific project you have in mind:
- Building a new commercial property from zero.
- Continuing an old project.
- Renovating the current commercial property.
- Expanding the property by building new spaces and units.
The requirements for any type of commercial construction financing are standard unless you are looking for renovations or expansions since we will need to know about your current property and how the project will take place. As for the general requirements to meet, we consider your credit score, financial records—personal ones and from your business—, collateral offered which can be the property itself or an asset, and know about your project.
When to request commercial construction financing
If you know you cannot afford the project or feel it is better to repay the funds slowly but surely, you should consider the loans without a doubt, especially when you can access financing from reliable and flexible lenders like us. You will keep your savings, afford other projects and expenses, and still be able to move on with your construction without issues. At Commercial Real Estate Loan Pros of Tampa, we are not trying to make it impossible for the companies, real estate investors, or individuals to repay the funds. Instead, we always offer flexibility, low-interest rates, and fixed ones as well.
Also, the term of our financing is much longer than regular loans or what other lenders can offer you. Rely on us for this financing and ask all the details about the deal we offer you if your request gets approved by our team of professionals.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.