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Real Estate Business Financing Network (BFN) can help secure financing for your real estate project. Whether it's a new office building, a strip shopping center, a free-standing retail establishment, or an apartment complex, we can help. We work on all types of real estate ventures and have access to a network of lending institutions across the country that will want to look at and fund your project. BFN secures capital for:
Business Financing Network (BFN) can help secure financing for your real estate project. Whether it's a new office building, a strip shopping center, a free-standing retail establishment, or an apartment complex, we can help. We work on all types of real estate ventures and have access to a network of lending institutions across the country that will want to look at and fund your project.We are experienced in dealing with the many different property classification types that influence different potential lenders, as some will not consider certain types of property uses. The following are a few of the different classifications of property types of interest to various lenders:
Getting the Financing You NeedBFN helps clients get the type of financing needed for their projects. There are multiple types of real estate projects, and lenders often will look at them differently. There are few "one size fits all" loan companies for the wide variety of projects. Does your local bank offer loans for the property type you are financing? Some banks fund loans for apartment complexes, but shy away from office buildings. Others may favor newer buildings, while some are well-acquainted with historical restorations. Some banks will not make loans for special use properties, while others specialize in them. In addition to locating a lender who prefers your type of project, it is important that you obtain the best type of financing. Getting a loan is important, but it is vital that it also be best for your project--both now and in the future. During the loan approval process most lenders will issue what they call a "conditional loan approval" (also often called a commitment letter). This provisional agreement is contingent upon obtaining clear titles, compliance with covenant restrictions, winning zoning variances, and permission for "road cuts," etc. Other challenges can arise if the property is in a Tax Increment Financing or historic district.BFN addresses virtually all aspects and issues that will come up during your real estate loan project. We have lenders who are eager to lend on your property, and we have secured loans with institutions offering the lowest interest rates in the country. Our experience helps you anticipate and resolve such issues before they arise--saving you time and money. Just give us a call or send us information about your project to see how we can help. Copyright 2007 © Business Financing Network |