Once in a while, we are faced with the challenge of having to secure funding for commercial structures. Commercial building financing is a delicate endeavor that requires one to invest on the services of real estate experts. The professionals will be able to accurately calculate the value of the property in question. They are able to conduct such financial matters in a quick and effective manner.
The companies will make a custom program that will satisfy all your requirements. Some of them have loan programs that do not indicate the amount of income that is obtained from tax returns. The program targets commercial buildings that are valued at more than one hundred dollars. The property in question should not exceed $1.5 Million. The programs are aimed at closing transactions faster than in normal circumstances.
There are those programs for business that include their income on tax and therefore favor a complete documentation of the transaction. Such programs target assets worth less than $10 Million. For a commercial property to qualify for this program, it must be worth more than ten thousand dollars.
There are various commercial buildings that can qualify for these services. Some of the most common buildings are multi purpose ones. Such buildings integrate commercial facilities together with residential housing. For example, a building can offer housing as well as office space. Most of these building usually offer commercial space at the lower floors with housing at the higher floors.
Storage facilities that are designed for private use are very common in the market. There is high demand for such facilities. If your storage facilities are modified to accommodate special functions like refrigeration, then they are more marketable. Warehousing facilities can also be included in the programs. In addition to warehousing, they also consider light industrial facilities.
Financing is also offered for those who own housing meant for a number of families under one building. The building should be able to accommodate more than five families at one particular time. The buildings should be providing residential housing for individual families who share common area facilities.
Buildings that offer commercial space are also eligible for this type of financing. They should be able to hold a number of businesses all under one roof. Facilities associated with automotives, their service and maintenance also fall under this program.
Hotels, motels and restaurants are also covered by such programs. They are each looked at differently in terms of the conditions under which each is offered funding.