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- 07 Jan
Commercial real estate investment with no funds in hand is possible with us!
Commercial Real Estate Investment. Investing in commercial real estate seems to be a really big deal for all of us in terms of required capital. For most of the people in business, it feels like spending all the savings they have if they consider starting a commercial real estate project. However, they are not comfortable in making a situation for themselves where they cannot pursue any other venture in near future and this could miss a great opportunity just because of their stuck capital in the commercial real estate project. However, you should consider commercial real estate financing for your project to save the capital or start with no funds in hand at the moment.
There is a long list of financial institutions providing commercial real estate financing in the United States. But most of the commercial real estate financing options come with a lot of limitations and huge interest rates & service charges. Traditional commercial real estate financing options offered by typical banks and other financial institutions require you to have a very good credit score as well. Also, while providing commercial real estate financing they will require you to have a very good credit score. In addition to all of this, there must a requirement of collateral as well.
All of the factors mentioned in the above paragraph limit your commercial real estate financing option. On the other hand, getting commercial real estate financing from Garrtech Funding is totally a different story. We are not a traditional bank or financial institution which will require so much from you and will provide huge interest rates in return for a requirement of collateral and a high credit score.
Garrtech Funding offers a wide range of financial products for small businesses to boost their business development and expansion. If you are considering a huge commercial real estate Investment project and do not have funds in hand, you are in the right place. We provide Small Business Administration (SBA) loans which will beat your other commercial real estate financing options in the following ways:
LOWER INTEREST RATES:
Small Business Administration (SBA) Loans offer way too low-interest rates than traditional financing. SBA 7 (a) loan, which can even be availed for many other purposes other than commercial real estate financing offers a maximum 6.75% to 9.25% interest rate. While SBA 504 loan (also know is CDC loan) which is specifically designed for commercial real estate financing or acquiring an asset offer the fixed rate as low as 0.38% to 0.48% depending upon repayment term and other factors like this. Please note that these interest rates are for the year 2018 as per the amendments made in January 2018.
LONGER REPAYMENT TERMS:
With a very cost-effective interest rate offered by Small Business Administration (SBA) Loans, you can avail of a repayment term of up to 25 years. Is not it amazing?? However, the maximum term is offered for only commercial real estate financing. For the purchase of assets or working capital requirements, the repayment term is limited up to 10 years. If you are considering commercial real estate financing then I believe SBA is the best fit you considering repayment terms.
A BAD CREDIT SCORE IS NOT A PROBLEM FOR COMMERCIAL REAL ESTATE INVESTMENT:
Also, a bad credit score is the thing of the past for us. We can offer you commercial real estate financing even if you are not able to pre-qualify for a traditional loan from a bank or financial institution. A wide range of clients comes to us because their application for the loan was rejected by their bankers due to their bad credit score.
FASTEST PROCESSING TIME IN THE MARKET:
Our processing time for Commercial Real Estate Investment is not slow like traditional banks or financial institutions. We offer the fastest services in the market across the USA. You can try us out!
NO ADDITIONAL COLLATERAL REQUIREMENT FOR COMMERCIAL REAL ESTATE INVESTMENT:
For commercial real estate investment, the financing offered under Small Business Administration (SBA) loan schemes do not require any additional collateral. Your commercial real estate project against which you are getting financing is usually enough collateral for us! This makes your life much easier even if you have additional collateral available. You can use that collateral for some other opportunity you may get in the future.
These factors make commercial real estate financing with us under Small Business Administration (SBA) loan schemes the ideal deal for you. There are few myths about SBA loans, go through the following points to clear your mind regarding them:
THE REQUIRENT OF TONS OF PAPERWORK:
This is a big misconception. Paperwork required for SBA loans is just equal to traditional financing paperwork required by the banks or financial institutions. However, you might be required to produce the only couple of documents that you must already have in hand. But this does not make a problem for getting better interest rates, longer repayment terms, and so many other perks.
THERE ARE LARGE PENALITIES IF YOU ARE NOT ABLE TO MAKE REPAYMENTS:
As Small Business Administration (SBA) Loans offer very low-interest rates, it is assumed that there must be some other factors that make SBA loans profitable for the lenders. This assumption is simply wrong, let me know explain why. Small Business Administration (SBA) is not a profit-making institution but governed by the government of the United States to help small businesses and startups. For more information regarding penalties, you can contact us at our toll-free number; our representative would be able to provide you the exact possible penalties as per your case. Thank you for taking your time and reading this article. I hope this was helpful. However, if you have any further questions on how you can start a commercial real estate project with no investment in hand, please feel free to write us at customercare@garrtechfunding.com. We would be more than happy to answer your questions.
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