Private Funding Loans
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Money is essential for any project, acquisition, renovation, or idea you have in mind, including daily life and expenses. However, some can indeed be financed by ourselves with savings and income, but others lead both companies and individuals to find more funds through private funding loans or other options. Essentially, it is not too hard to find people, institutions, and companies that can help you finance a project. In the first place, we already have banks available in every corner and willing to provide loans.
However, are they really what you need in terms of the types of loans offered, terms and conditions set, and how they work as lenders? Not most of the time. Banks and similar lending institutions are tight when it comes to allowing companies and individuals to request loans and even when they approve them, the conditions established are not usually fair for the borrower.
Also, you have the “time” factor: it takes a lot of time to request a loan, wait for them to approve it and if it is, you have to wait for more for the funds to be provided. For real estate investors, this is not the best way to finance their investments since it is easy to lose an opportunity with all the time it takes to have something done or achieved. This is why private funding loans sound and are better for them and, nowadays, for businesses and particulars overall that are trying to finance different projects and needs.
What are private funding loans?
They continue to be the same: funds provided by a third party since you will not use your savings or own funds. However, the third parties considered won’t be the usual lenders like banks or financing groups. Instead, friends, family, angel investors, venture capital investors, and even crowdfunding, will fulfill the role of lenders.
Private lending companies can also be included among the lenders and all of them have something in common: they are more flexible with terms, conditions, and requirements. Many factors will vary depending on the final lender you choose, but to provide real examples and situations, you can consider us at Commercial Real Estate Loan Pros of Tallahassee.
We are private lenders that offer private funding loans among their credit options, and when you compare them with what banks or other lenders are able to provide, you will notice great differences. First, we are much quicker in approving and providing the funds afterward. This means you will not lose opportunities as a real estate investor nor have a hard time with other projects and expenses.
Second, we work with much lower interest rates that are also fixed throughout the years established for the repayment of the loan. Overall, we offer more for less since our LTV and LVR ratios are higher, we can help you finance more than real estate properties, and we are quite flexible with the rest of the terms and conditions that can come up since we work around the specific client, not with standard terms.
Finally, our requirements will not be a problem but rather simple to meet if you have the essentials and basics and can keep up with certain standards. At Commercial Real Estate Loan Pros of Tallahassee, we are not trying to say “no” to almost every client or borrower. Instead, we want to do our best for them to have the necessary funds.
When comparing us to other options like angels, family, or even crowdfunding, you can notice how well we work around the funds needed and how we make it easy for you with our private funding loans.
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.