Best Commercial Real Estate Loans in Miramar, FL
Securing a commercial real estate loan is not an easy task. For one, many banks would grow skeptical about the type of investment because of the risk it has. Another is because the amount needed in those types is not a joke.
That’s why we here at Florida Commercial Real Estate Loan Group are open to providing commercial real estate loans wherever you are in Miramar in Broward County.
Taking a Commercial Real Estate Loan
The most common misconception people have when taking a commercial real estate loan is the fact that they’ll be able to get it as easily as a regular personal consumer loan.
However, it’s actually more difficult and challenging because of certain criteria. In fact, most financial institutions, like banks, would require at least a 51% occupancy, meaning, the borrower needs to occupy more than half of the building or the establishment.
Therefore, you need to consider many things before deciding to take out a commercial real estate loan.
In fact, we’ll briefly discuss what the usual requirements are before taking out a commercial real estate loan.
Requirements For a Commercial Real Estate Loan
Before you decide on taking out this type of loan, there are certain eligibility requirements and documentation that you need to submit.
Here are the most common and the most general requirements and qualifications that banks would look for:
- Two (2) to five (5) years of tax returns
- Projection of profits and cash flow
- Credit reports of the business
- Third-party appraisal
- Financial records of the company
- Business plan with details about the investment in the property
If you are a new business and you’re looking to use this loan to build or establish your property, some of these requirements would be irrelevant. That’s what we give all our clients as a promise here at Florida Commercial Real Estate Loan Group.
We will never ask for nonsense and useless documentation and requirements. As a matter of fact, we’ll have you pre-approved the moment you contact us – and we can do it within a day!
This is so you’ll already know what you need to expect!
Get Approved Within a Week!
Are you just growing tired of waiting for approval from banks and other financial institutions? Do they always leave you hanging with the results that you want to get?
Work with us and we will promise not to leave you hanging! The average approval rate that we have is a week – and we are working hard every single day to keep it that way. From the time you contact us, up until you’ve already gotten the funds – we’ll always be right behind you to guide and assist you!
For the next commercial real estate loan that you need here in Miramar, FL, you can consider working with us!
We’ll give you a free sample computation of what you need even before you decide to work with us! That’s how transparent, honest, and serious our business 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: