The key to obtaining the best commercial real estate financing is to find a lender that will meet the needs of the business and allow it to grow. An increasing real estate value means having the right business which in turn results from obtaining commercial real estate financing from a lender that believes in looking forward. Bond Street Capital is such a lending institution with institutional and private affiliations that allow them to provide multiple solutions for nearly every financing requirement of their borrowers including commercial real estate financing. Bond Street Capital is currently headed by Mr. Joseph Forman who began his career as a lawyer but is now the President and CEO of Bond Street Capital with a number of successes in the commercial real estate industry behind his name.
FACTORS DETERMINING COMMERCIAL REAL ESTATE FINANCING.
Deals for commercial real estate financing are structured based on the following factors:
" Type of real estate
" Size of real estate
" Anticipated used of the property
" Anticipated returns from the property
" Geography
" Market conditions
" Perceived risk to lender
Bond Street Capital realizes that many lenders only offer one or two loan programs with limited options. At their 50 Corporate and Branch offices that offer multiple alternatives and the willingness to be creative, commercial real estate financing can be customized to meet the specific needs of the borrower. Because Bond Street Capital is a flexible lender, loans can be moved between programs without any additional costs to the borrower or loss of time.
Some of the documents that may be required in your application for commercial real estate financing include: an income and expense statement for the property to demonstrate a solid income stream, financial statements on all principals involved as owners of the property, property appraisal, financial statements on the borrowing entity, plans and construction blueprints for the use of the property and profiles of the management team. There are a number of common mistakes that borrowers make especially when applying for commercial real estate financing thereby failing to make the right impression and are unable to secure the loan. These are:
1. Not thoroughly researching your options. Ensure you don't lose out on one of the best commercial real estate financing opportunities available at Bond Street Capital by visiting www.bondstreetcapital.com.
2. Failing to have a definite plan. Because lenders are taking a risk by giving you commercial real estate financing, you need to show them that you have a plan in place for using the money.
3. Failing to have a business plan. Most lenders will not offer you commercial real estate financing or any other type of loan if you do not have a well-structured business plan that includes operating and financial data.
4. Not having cash ready to put into the project. Commercial lenders want to see that you are investing your own money to cover a percentage of the project.
While Bond Street Capital will do their best to ensure you get the right commercial real estate financing, the borrower needs to be aware of and rectify the above mistakes. For more information on the various programs available for commercial real estate financing visit www.bondstreetcapital.com; investing with them will ensure you get the best deal available and that your business will always grow.
