For businesses or individuals wanting to renovate or purchase commercial real estate, long-term financing options may not provide the reasonable rates they’re looking for. That’s because a strip mall might need to be refurbished before a bank is willing to write a traditional mortgage. Or maybe a buyer needs to act fast to secure a desirable loan with low interest ...
If you’re looking for commercial lenders in Texas, we’re here to help. Our team of commercial brokers and CRE experts hand-picked these nine commercial banks in Texas and three private lenders based on their trustworthiness, flexibility and how well they serve Texas’ commercial real estate middle market. Brian Hwang, Director of Lender Relationships at Lev and contributor to this list, ...
When seeking out funding for commercial real estate investments, many investors often find themselves in a situation where they need fast financing from a lender who can close quickly. In this scenario, a traditional bank loan wouldn’t work, as banks or conventional real estate loans take anywhere from 45 to 90 days, said Brian Hwang, Director of Lender Relationships at ...
A Line of Credit is a borrowing option where you are approved upfront for a set credit limit that you can draw on whenever you want. It is an agreement between a financial institution, like a bank, and that bank’s client, with the bank determining the credit limit. You are not charged interest on the full credit limit. Only the ...
When it comes to investing in real estate, few tactics bring confusion to mind quite like hard money loans and commercial bridge loans. Not only are both terms often used interchangeably, sometimes incorrectly, but their strengths and weaknesses are also misunderstood. When it comes to financing commercial real estate, let’s settle the difference and explore when to best leverage each ...
Commercial real estate investors often find themselves in a tough spot: They need cash and they need it quickly, either to complete work on a newly acquired property or to finance the purchase of a new one. One way to make this happen is by using their existing building as collateral to get the money in their pockets quickly — ...
When you’re looking to purchase a commercial real estate property that is not yet stabilized or optimized, you’ll likely need a commercial bridge loan to finance your deal. Interest rates on bridge loans are higher than traditional loans, but buyers use them as short-term solutions so they can optimize their property and then apply for permanent financing. What Is a ...
Often in commercial real estate, a buyer needs short-term financing for an investment, repair or upgrade. Your best options are a bridge loan, a home equity line of credit, also called a HELOC, or home equity loan. But each one can serve a different purpose, depending on your needs. So what's the difference between a bridge loan vs HELOC? Bridge ...
What You'll Learn What Is a Bridge Loan? Pros and Cons of Using a Bridge Loan for Commercial Property in Texas How Does a Bridge Loan Work in Texas? 4 Ways to Use a Commercial Bridge Loan in Texas Commercial Bridge Loan Lenders in Texas What to Include in Your Application for a Bridge Loan in Texas Texas: Open For ...
Bridge loans are common in commercial real estate. When a buyer wants to purchase a property that needs to undergo renovation or is not yet producing income, he likely won’t be able to secure a permanent mortgage. That’s where commercial bridge loans come in. What Is a Commercial Bridge Loan? A bridge loan is short-term, temporary financing a borrower can ...
Lev is using technology to transform the CRE financing process.
Lev is using technology to transform the CRE financing process.