Move Beyond Leasing

Frustrated with your rental situation? We get it. Negotiating with landlords to make repairs and improvements can be difficult. Rental charges always seem to go up but never down. When you move beyond renting, your business can thrive without the friction of working with a landlord. Consider breaking into property ownership today with a real estate loan.

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Real Estate Loans

Commercial real estate loans help cover the cost of purchasing investment or owner-occupied property.

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SBA 7(a) Loans

Secure financing with help from the Small Business Administration, even when banks and credit unions decline your application.

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SBA 504 Loans

Work with a Certified Development Company to secure better interest rates and stronger backing from the Small Business Administration.

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Bridge Loans

Secure money quickly through a non-traditional loan and enhance your purchasing power.

Financing Details

Commercial Real Estate Loans

Commercial real estate loans help cover the cost of purchasing an owner-occupied property. These loans are typically used to buy assets like offices, apartment buildings, retail centers, and subdivisions. Loans can also cover the cost of renovations to your existing properties and future investments. Additionally, you can explore the option of refinancing a current loan. By replacing a higher interest rate with a lower alternative, refinancing is a great way to lower recurring costs and free up working capital.

SBA 7(a) Loans

The Small Business Administration 7(a) loans are a popular flexible option for small businesses. Through the SBA, your business can get up to $5M in funds (or up to 90% of the asset value) to buy or renovate the property. Real estate loans through the SBA are usually long-term, lasting up to 25 years.

Additionally, the SBA regulates interest rates, making financing more affordable to small businesses. Through these tools, the SBA helps small business owners obtain financing when other financial institutions may be unwilling to work with a borrower. In such cases, the Administration acts as a cosigner, encouraging lenders to securely approve loan applications.

SBA 504 Loans

An SBA 504 loan is similar in structure to the SBA 7(a) Loan. Like the 7(a) loan, an SBA 504 loan has a $5M borrowing limit. They’re financed 40% by a private lender, 50% by the CDC, and the final 10% comes from the buyer as a down payment. These loans have a fixed interest rate, with either a 10-year or 20-year term.

SBA 504 Loans, however, have slightly tighter controls. All of the funds borrowed must go toward the stated purpose on the loan documentation. Real estate loans, for example, must be spent strictly on real estate, and not on anything else. In contrast to 7(a) loans, which are privately serviced, 504 loans must go through a Certified Development Company licensed by the Administration.

Bridge Loans

When you don’t have time to wait on a traditional bank loan or the SBA, bridge loans can be an excellent option. Designed to “bridge” the gap between immediate needs and long-term solutions, these loans allow you to quickly tackle short-term projects. Bridge loans are ideal for “fix-and-flip” investors and those who want to see a quick return on their investments.

Bridge loans are usually approved quickly, giving the borrower cash to renovate property or make their offers more attractive. Borrowers can then repay the loan from real estate sales, tenant revenue, or through other long-term loans.

Move Beyond Leasing

Take The Next Step

Get Started

Advantages Of Real Estate Financing

Financing your next property investment can yield many benefits. With our help, you can:

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Access cash to strengthen your buying power

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Access assistance through the SBA if other institutions decline

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Reduce monthly costs through refinancing

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Receive up to $5M in government-backed financing

F.A.Q.’s

Do I qualify for a commercial real estate loan?

Most owner-occupied property loans require your business to occupy at least 51% of the building’s available space. Additionally, you’ll need to provide a business plan, financial records, business tax returns, and a third-party appraisal of the property. If you are not occupying 51% of the property (such as a rental unit), we can help you explore investment property loans.

What is an owner-operated property?

Data warehouses, offices, and manufacturing sites are a few examples of owner-operated properties. Business owners who acquire property for their own daily use are considered owner-operators.

Is a good credit score needed for a commercial real estate loan?

Lenders typically want a credit score of 680 or higher. If your score is lower, there are still options. Our vast lender network and leverage our professional relationships to find you the best deal on a property loan for your business.

Is a down payment required?

Most lenders will require a 20% or 25% down payment. An SBA 504 Loan, however, only needs a 10% down payment. As always, the more money you can offer upfront, the better your chances for approval. Larger down payments will also help lower your interest rate.

Move Beyond Leasing

Get Started Today

Here’s how to get started:

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Fill out a Short Questionnaire

Your answers will help us get a good idea of where you want to go with your business. Whether you’re dealing with strained resources, leasing issues, or high-cost markets, we can help you secure the funds you need.

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Speak with One of our Brokers

After reviewing the questionnaire, we’ll talk with you and go deeper into the details of your financial situation. Once we understand what you truly need, we’ll hunt down the best offers for you, and arrange a discussion to present our findings.

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Recieve Customized Financing

We will work with you to answer all of your questions. Once you are satisfied and ready, we will help you with an official funding application process.

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Enjoy Continued Support

We understand that some forms of financing are complex, and may require advice beyond the initial application. Our team of professionals stands ready to help you along every step of the way.

OUR ADDRESS

625 Kenmoor Ave SE Suite 301
Grand Rapids, Michigan 49546

PHONE NUMBER

616-229-4548

SUPPORT MAIL

info@criticalfundinggroup.com

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