Commercial real estate is a highly competitive industry. As the demand for commercial properties surges, real estate companies are in dire need of finances to kick start the development of their projects.
Whether you are developing an office, a shopping mall or an industrial unit, a commercial construction loan will help you find the whole project.
Securing a commercial construction loan for different types of commercial properties is much more challenging than residential properties.
It’s a complicated and lengthy process because traditional lenders take into account several factors before offering loans. This includes but is not limited to, a commercial real estate borrower’s financial situation, the value of the land and local market conditions.
There are also a large number of commercial construction loans available in the market. Selecting a loan that caters to a specific project’s needs is not an easy job. However, Global Capital Partners Fund Limited has been offering clients specialized financing solutions for construction properties.
With over 40 years of experience in commercial lending, Global Capital Partners is a leading commercial construction financing company. Here are some of their main construction financing products:
Land development loan is available for financing the construction or building of different types of properties, such as stalled sub-divisions and bank owned properties. The borrowed money is spent on converting raw land into a construction site.
An interim construction loan is a short-term loan. The borrowed money is used to pay the labor and materials during construction. Once the construction is completed, the loan is converted to permanent financing.
A take-out loan offers long-term financing for commercial real estate projects. These include office buildings, malls or any other income-producing project. Borrowers must pay interest and principal at the end of the loan.
This loan is provided to finance the development or improvement of raw land.
Finally, a mini perm loan is a short-term loan that is used to pay off outstanding income-producing construction or commercial property loans.
In order to choose the right construction financing product, get in touch with us. We offer flexible terms and conditions for a number of commercial construction projects, such as retail shopping centers, hotels, warehouses, medical office buildings, franchises, and more.
From start to end, our certified, experienced brokers will make sure you receive funds quickly in order to ensure that your investment goes on as planned.
For further information about our construction and development loans, feel free to contact us anytime.