With the current economic crisis, some may see invesment opportunity in the commercial real estate. As a caveat, because the economy is down, it is important to be sure you have the wherewithal to hang in until the market corrects.
If you decide to pursue this avenue, we have a commercial property management team that works closely with our Charlotte property management office and would be happy to assist you in your search to find real estate financing.
Many people turn to a bank first and when they’re unable to get financing there, they give up. In fact, there are a number of options available to help find financing for commercial property and, assuming your business plan is sound, you may have multiple viable choices. Some of the options available to finance commercial property include:
· Loans for purchasing commercial real estate.
· Long-term permanent fixed rate financing.
· Business acquisition loans.
· Conventional loans.
· Government guaranteed loans.
· Up to 80% LTV, 30 year amortization, based on US Treasury plus spread.
In most cases, there is at least one, and often multiple, solutions to fit each investor’s specific set of circumstances.
Please let us know if we may be of assistance - Check out the Kuester website for contact information for your area.
- Charlotte property Manager