DEVELOPMENT FINANCING

Commercial Construction Financing - Financing for Land Developers

• $5 Million minimum. $10+ Million Preferred

• Domestic and International Projects

• Terms and structure will vary by deal*

• Tier 1 & Tier 2 Developers Only

• All properties and projects considered, but the deal MUST be strong

• Just need Executive Summary to start the process

* Due to changing market conditions, rates and terms are subject to change without notice.

Please keep in mind that there are more projects needing money than money to lend so only the better deals get funded.

To find out if we can fund YOUR project, contact us today at: 863-299-2929 or 813-833-3132

Email: loans@CommercialLendingPros.com

Bill to Aid Small Businesses Advances in Senate

WASHINGTON — The Senate advanced legislation to aid small businesses on Tuesday after months of Republican resistance.
President Obama strongly supports the bill, which would provide loans and tax breaks to small businesses, and its swift enactment seems assured.

Two Republican senators, George V. Voinovich of Ohio and George LeMieux of Florida, joined Democrats in clearing a procedural hurdle for the bill by a vote of 61 to 37. That vote all but assured that the Senate will pass the bill later this week, and the House is expected to then put its final stamp of approval on the measure without delay. Read Full Story

For more information on small business financing please feel free to contact us: 

Commercial Capital Ltd.

Tel: 863-298-8900

Fax: 863-877-4456

Email: loans@commerciallendingpros.com

Website: http://www.commerciallendingpros.com/

Your #1 Source For Commercial & Business Financing

What We Are Funding Now!

We specialize in government loans (SBA 7a & 504, USDA, FHA/HUD for multi-family & assisted living facilities). We recently asked several of our most experienced commercial underwriters to get an updated briefing of current lending preferences.


SBA Financing
Preferred deals right now are acquisitions or refis of businesses that are the most resilient to these tough economic times and have only moderate decrease in revenues.

The riskiest industries that we have seen this past year are restaurants, hospitality, contractors and related businesses to the construction industry. Real Estate collateral now requested for most loans.  Direct industry experience, especially in the high risk deals, is a must.

What’s In a Good Construction Loan Package?

• Executive Summary-overview of the project, location, strengths of the deal
• Detailed Resume’s of partners AND GC if not a partner
• Actual Projects completed-NEED EXPERIENCE
• Pro-Forma-projections on project and net income expected
• Detailed cost breakdown
• Information on the property demographics, absorption studies, marketing and management plans, etc. The more detailed the information here, the better
• FINANCIALS ON ALL PARTNERS, GC, AND BUSINESS PARTNERSHIP FOR 3 YEARS
• Personal Financial Statements on all borrowers and GC
• Info on pre-sales or pre-leasing and if so, proof of them. Minimum 50%+ pre-sales / pre-leasing is preferred
• The key is money, experience, and pre-sales (or pre-leasing). NEED 2 of the 3 to have a shot. 3 of the 3 to be assured

Most of these deals fall down in the financials and the pre-sales. And upon digging, often lack of experience shows up as well. Minimum you need to even get a quote is the Executive Summary and the Pro-forma. The rest is needed to submit.

CONTACT US TODAY


863-298-8900 or 813-833-3132

http://commerciallendingpros.com/

Commercial Loans: Acquisition And Development Money Is Back

The reality is this – the Money Supply is TIGHT and it’s bound to get even TIGHTER as the economy continues to spiral downward!! If your deal is not STRONG, it will not get funded. No exceptions.

However, there are lots of solid borrowers with strong deals that can’t get funding simply because the banks and brokers they are going to don’t have any money to lend. But there is hope!!

Acquisition And Development Money Is Back And Commercial Capital, Ltd. Has Access To IT!!!

That’s right, large loans for Tier 1 and Tier 2 developers to build out resorts, hotels, industrial parks, apartment buildings, even RESIDENTIAL SUBDIVISIONS are getting done again!

The local and regional banks are unwilling or unable to lend on these projects right now and the Wall Street firms are all under investigation, living in panic mode or awaiting the next takeover or merger. And we don’t think that will change for some time. We agree that commercial lending is going to drop this year overall. That’s probably inevitable with what’s going on in the economy.

However, the BIG HEDGE FUND and PRIVATE MONEY gurus used most of last year to build up their cash reserves and they have begun to deploy it! We’re not exactly sure why, but deals that could not get done last year are getting multiple bids on them now.

Over the next 30-45 days, our organization is scheduled to close nearly $1 Billion in acquisition and development loans thru our Hedge Fund partners.

Here’s an overview of the type of projects that will qualify for funding:

• $ 10 Million to UNLIMITED!
• Domestic and International as well
• Terms and structure will vary by deal
• Tier 1 & Tier 2 Developers Only
• All properties and projects considered, but the deal MUST be strong.
• Must have access to the principals

Please keep in mind that there are more deals needing money than money to lend so only the better deals get funded. To find out if we can help you, just call us at: 1-863-298-8900. It costs nothing to see if we can help you!

Give us a call at: 863-298-8900 or 813-833-3132 Or visit: http://commerciallendingpros.com and fill out a Quick Loan Pre-Qual form to get a fast response to your loan scenario

Where's the Money? Answers from the Experts

From the Experts at CommercialLendingPros.com:

This is what the lenders of money are saying:

• Commercial construction loans for condominiums, condo-conversions or residential home developments will be very tough in this unstable market. There is a new program with funds available but only the strongest of these deals have a chance to get funded. Visit http://commerciallendingpros.com/Breaking_Financial_New.htm
  
• Financing for gas stations and restaurant purchases and start-ups will be tough.
  
• Funds are still readily available for multi-tenant properties like apartment buildings, office buildings, strip centers, shopping malls, mini storages, etc. Existing income producing properties with a verifiable track record of cash flow are the preferred property types right now for most lenders.
  
• Unsecured Business and Personal Lines of Credit are getting tougher to approve. Absolute minimum credit scores (all 3 bureaus) are 700+. Absolute minimum time in business is 2 years. But to secure amounts above $100,000, your prospect better have mid-700’s or higher scores and be in business a lot longer than 2 years. Also, business owners who are Realtors, real estate investors, contractors or are in any other business where the industry is considered “depressed” – may get denied even with excellent personal credit unless they are willing to document income with tax returns.
  
• The best Venture Capital sources seem to have tightened their purse strings extensively and become very picky. Funding for venture capital and joint venture projects is very difficult right now.
  
• Accounts receivable financing and merchant credit card cash advance programs are still going strong with very flexible guidelines, easy approval and quick funding.
  
• Our Interest Only / No Doc loan program for small loan amounts is also very strong right now. $150,000 - $300,000 loan amounts for investment properties. $150,000 - $600,000 for owner-occupied properties. No minimum credit score requirements. No income verification required. Maximum 60% - 65% loan to value. As long as you stay within the loan amounts mentioned above.
  
• No income verification loans are still available but maximum loan to value is currently 70% for purchases of most commercial property types and 60% -65% LTV for refinances. Maximum loan amounts typically can not exceed $1 million for these programs.

Call us today if you have a loan scenario you would like to dicuss: 863-298-8900 or 813-833-3132. Or visit our website and fill out a short pre-qual form at: http://commerciallendingpros.com