Commercial real estate is expected to take a big hit over the next 2-3 years. Many commercial properties need to be refinanced. This large wave of commercial refinance may result in a large number of foreclosures affecting values.
A large number of retail centers and hotels were built along side the housing boom and are unable to get refinanced out of their construction loan by conventional banks.
We have already seen a drop in certain parts of the country. Conventional commercial lenders have really pulled back on what they will lend.
Do not wait until it is too late. Are you faced with any of the following.
Current lender calling the note
Credit issues
Cash out to finish your project.
Lack of cash flow while remodeling.
I can help. I network with sources other than regular banks allowing options. Short term commercial bridge loans get you through your current situation.
Permanent financing is the long term goal.
Bridge loans up to 65%70% LTV. All property types considered.
Aggressive rates and terms.
All credit levels welcomed
If you would like to get your loan need reviewed request an intake form.
Roberto
Commercial Loans Connected
916-847-7212
unusualcommercialloans@gmail.com