Best Commercial Real Estate Loans in Cutler Bay, FL
A lot of people think that construction loans from banks are the best and the most valuable construction loans in the market. This is because of the fact that they’re able to get the loan with the lowest and the smallest interest fees.
What most of them fail to realize is that banks process loans slower than usual and that the repayment terms are so long, making interest rates accumulate and become big.
If you are anywhere within the Cutler Bay area in Miami-Dade County, FL, and you find yourself in need of a construction loan, don’t ever hesitate to give us here at Florida Commercial Real Estate Loan Group a call.
What Can Construction Loans Finance?
Many businesses think that all construction loans are the same. Furthermore, they think that it’s similar to the traditional mortgage we are familiar with. But, construction loans actually cover more than what we think it does, it can cover and finance:
- Plans, fees, and permits of building and renovating
- Labor and the materials of the project
- Closing costs
- Land and lot
- Interest reserves
NOTE: You can also use it for things other than these, this’ll be up for approval with the lender that will be helping you.
New Construction Loans
If you’re just going to build the commercial property or the establishment, then there’s going to be no “asset” or any type of collateral that can be put or placed against the loan.
In this type of instance, banks would most likely say no to your application, that’s why working with private money lenders or commercial real estate loan groups would be the best.
Worse comes to worst, you’ll be putting the commercial property you’re building and establishing at stake and have it as collateral or security.
For this, lenders would be more comfortable and confident because you have something that you can place as collateral.
However, it’s still not going to give you a 100% guarantee that your construction loan will be approved. It just adds to the probability of lenders trusting you because of the property you have.
The Best Construction Loans in Cutler Bay, FL
Should you have assistance needs in terms of building or renovating a commercial property, and your property is here within Cutler Bay, FL, don’t ever hesitate to give us a call at Florida Commercial Real Estate Loan Group. For many years, thousands of businesses and commercial establishments have trusted us for funding.
Like them, you can also go to us to help you finance the building or the renovation needs you have! Work with us by giving us a quick call or by sending us a quick email! Don’t ever worry again about where you can get the best construction loans in the state of Florida!
Contact us and we will give you a free quotation or a free computation of the loan you are to get! That’s how easy, simple, and safe working with us is!
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.
We service all counties and cities throughout South Florida. However, if you need any of these services in other cities throughout the state of Florida, please contact us. See what services we offer below: