Best Commercial Real Estate Loans in Doral, FL
Need construction loans to help you with the renovation or the remodeling of your commercial establishment? Does the commercial building you have to need a bit of fund for the security and the safety of the tenants?
Should you happen to be in Doral, FL, you can bank and count on us here at Florida Commercial Real Estate Loan Group for the construction loans you need.
For years, all our clients have experienced nothing but goodness and assistance from us when it comes to funding or financing.
Our Construction Loans
More often than not, people would think that getting construction loans from the bank is the best thing to do.
While banks really do offer the lowest interest rates, commercial banks are also the slowest and the least efficient when it comes to the release and the disbursement of funds.
Herewith us, we would review and ask for only the best and the most relevant documentation, including:
Unlike a traditional mortgage, we would be asking your builder or the company who would do the building or the renovating and ask them about the details. The more details they provide to us, the better and the easier it will be for us to release the funds to you.
Debit-to-Income (DTI) Ratio
If your business is already standing for years, then we would be focused on checking the total debts and payables you have over the income.
More often than not, regular lenders find a 45% debt-to-income ratio bearable. With us, it can be as high as 55% and we’ll still consider it normal.
All lenders, including us, will be checking your credit score and your history. However, it’s not going to be a big deal for us because what would matter is the present and the future of what you would do with the property. This brings us to our next requirement, which is…
Business and Profit Projections
This, again, would be depending on the details and the presentation that your builder will be submitting. When we deem that it’s attainable, then we will most likely say yes to your construction loan application.
These are some of the most general things that we ask from our clients. There would be instances when we’d ask for more or less, and it’s all going to depend on our checking!
So, the next time that you find yourself in need of a construction loan and you’re not sure where you go, don’t ever hesitate to work with us here at Florida Commercial Real Estate Loan Group for it!
Unlike other lenders, our system would help you check if you’re qualified via the pre-approval or the pre-qualification that we have.
So, you wouldn’t be wondering whether or not you’ll be approved – we’ll give it to you within a week!
Work with the best and the most sought-after company in the entire city of Doral, FL – work with us and never regret your decision!
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: