Access short-term financing for a wide variety of small balance commercial properties including apartments, retail spaces and office buildings.
It is common that an investor will buy a project that is under performing or distressed and will need to use a Commercial Loan to buy and often times rehab the project. Once it is performing it can qualify for bank financing and the real estate investor will refinance into a more permanent loan.
The typical term for a Commercial Loan is 12 to 18 months but First Capital Trusts will be flexible with the term depending on the exit strategy. These loans are great for apartments, warehouses, retail, office, raw land, and more. Here are some reasons to consider a Commercial Loan:
- Low occupancy rates
- The property needs rehab
- A project needs to be entitled
- You need to close fast
We can close on your commercial property in weeks not months making this the ideal loan for any investor that needs to get to the closing table fast. Qualifying for this loan is easy with a good exit strategy in place. Give us a call to discuss your specific deal and lets work together to close on your next project.