Financing/loans can help you build your businesses in a better way, especially when your business is facing a crunch. The same goes for contractors or property developers too. If you’re constructing a property and need financing you can opt for construction loans. As the name suggests, these loans are the loans used to finance the construction of a home or a real estate project.
Though there might be a lot of confusion and trouble to get one but do not worry. We at the Commercial Real Estate Loan Pros of Key West have seasoned financial experts to clear all your dilemmas and provide you with the best solution. So, if you are willing to lower your risk and get your dealer’s optimum interest rates, contact our experts now.
What are construction loans?
Construction loans are the loans used to fund the construction of a building in your real estate project. Such loans are considered riskier and have more interest rates. However, Commercial Real Estate Loan Pros of Key West has financial experts who can help you to get through this. So, if you are looking to apply for construction loans, get in touch with us.
What are the requirements of construction loans?
Let’s discuss the requirements of construction loans:
- Credit Score: Construction loans are high-risk loans. Therefore, you’ll be needing your credit score to be in good shape to get approved. Also, pay your own debt, get debt-to-income as low as possible, start reviewing your credit report months before you apply, and work on increasing your score.
- Down Payment: Many lenders demand from borrowers at least 20% down payment on construction loans, but some allow up to 25%. The borrower can face trouble in getting a loan, particularly if they have a limited credit history.
- Blue Book: Bluebook is actually the detailed plan of your construction project, which many lenders will like to see before offering you a construction loan. So, to look better in the eyes of the lender, prepare your blue book carefully.
What are the benefits of choosing us?
You can finance your projects the easy way by choosing us. Listed below are some of the few benefits of choosing us:
- Knowledge: Our company has reliable financial experts who have the required knowledge to help you get through the entire financing process. Our professionals will help you achieve your funding in the least amount of time and that too at the ideal interest rates.
- Expertise: Our knowledge about the real estate financing industry is exemplary. Our experts will recommend you the best action plan that will help you to achieve your goal.
- Approval and Funding Are Quick: We know, construction loans involve lots of delays and risks. Therefore, quick approval and funding are the most needed in these types of loans which can be provided by our experts.
At Commercial Real Estate Loan Pros of Key West, you need not worry about the procedure, as our experts will be there for you. You’ll get the best solution to all your financing needs. So, connect our financial experts now, discuss your project and get quick approval and funding.
There are so many areas or regions where we offer these services with most of them being cities.
However, if you need any of these services, you need to contact us. The list below comprises the areas where we offer these services.