At a time when banks are not extending commercial loans at the same numbers as
they did before the burst of the housing market, it is hard for commercial investors
to know where to turn to in order to find capital. If you are a commercial investor
who is looking to invest $500,000 or more in real estate, you are likely having a
difficult time finding a major lender willing to work with you. Real estate is still a
very valuable add to any growing or developed portfolio, and the prices of
commercial real estate are still much lower than the 10‐year average. So if you are
looking to invest in real estate, where should you turn? Some personal finance
pundits may advise you to leverage your cash on hand, but I would advise you to
retain your cash and look in another direction.
Instead of using the cash in your portfolio, look to smaller regional and local banks
for the investment capital that you need to make those half million dollar or higher
investments in commercial real estate. Regional and local banks are financing real
estate buys, especially for investors with strong credit or other assets available to
secure the note. Local investors who have a better sense of the trends in their
community often own local banks. In areas where big banks may balk from
extending $500,000+ loans, local and regional banks are often there to provide the
financing that you need. The rates of these banks are generally competitive with
those of the big banks, and you can begin to establish a personal relationship with
your banker in an era where that is largely a thing of the past.
Local and regional banks are also actively financing small business loans in addition
to real estate financing. You may also find that these same smaller banks are
available to provide refinancing for existing commercial properties or projects that
you may already have in your portfolio. In a time of hard to find credit, look to the
regional and local banks in the areas where you are planning to invest.
Click this link and make the second to find the help you are seeking to change your financial freedom.Thanks!
Kind regards
Martin Crawford
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