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Commercial
Loan Funding & Related Services
Commercial
lending had always been a specialized
business but, the sources of commercial loans have been
limited. Now, with the addition of a large number of diverse
lenders, the innovations that have been available in the residential
mortgage market are now becoming available to commercial
borrowers...especially advantageous in these days of extreme caution by
the formerly usual lenders.
Even as local,
community banks are choking on
non-performing commercial debt, new sources of funds and
varied programs have come on board which increase the potential for
many underserved applicants to become borrowers... From limited
documentation loans to "hard money" mortgages, for commercial borrowers
with special funding circumstances or even damaged credit; to
alternative funding opportunities that lie somewhere between
conventional and hard-money loans.
Whether you are
looking for acquisition funds, operating
capital, bridge loans, construction loans, Small Business
Administration loans, mortgages on unique properties, Cash-Flow
& Private Note Buyouts or even an auction to convert
under-performing property to cash, we probably have a source
or service for you. For those who need loan amounts that are
larger than is available locally, we have lenders who have virtually no
limit on the size of their commercial loans, provided it is financially
justified. Even if we do not have an immediate source of
funding for you, we will try to find one, or direct you to one, as
appropriate for your needs.
Get
Your Head "Screwed On Right" About the Application Process
and the Funding You Are
Requesting
Click HERE for
Bridge, Mezzanine, Alternative or Hard Money Funding
SBA-Small
Business Administration
Loans:
SBA loans are often the best solution for persons wanting to acquire a
business, with or without real estate, or to expand an existing
business. Quest Funding Services is associated with
recognized SBA providers in a manner that circumvents a long approval
time...These sources are able to approve the loans without first
sumbitting them to the SBA.
In addition to
community development loans, SBA loans
are available in two loan size ranges: Long-term financing for business
entities with net worths up to $7.500,00 and net income up to
$2,500,000. Loan limits range from $1,500,000 to about
$4,000,000. SBA "Microloans" and "Express" loans are provided
for working capital or to purchase inventory and have a maximum loan
amount of $35,000 & $25,000 respectively...far less than most
commercial lenders will consider. Ask us for details.
It would be
wise to remember that the SBA only
guarantees loans made by conventional lending institutions. The loans
are intended to be for those borrowers who have already shown that the
funding they desire is not available through any other means. The SBA
will not lend for rental real estate investments nor will they finance
a lender who, in turn, lends the money out to others. When the
financing of real estate is involved, it is expected that the borrower
will occupy the premises.
Commercial
Construction. Construction
& Construction-to-Perm loans:
In need of a commercial "construction-to-perm" or commercial
construction loan? Quest Funding Services can help
you. We also have construction loans for owner-builders,
builders of "spec" homes or for entire residential projects, even land
acquisition. The variety of lenders and programs for these
purposes varies too widely to make generalizations about
them. Provide us with details of your needs and we will work
to obtain the financing that you have had trouble placing.
- Construction loans are listed on this page and on
the Alternative/Hard
Money and residential pages because these
loans are available in conventional, commercial or Alternative/Hard
Money forms. There are so many permutations of borrower and
property/use that it impossible to
assume what type of loan will work for a particular funding request
without knowing the details.
Click
HERE for Alternative/Hard Money Construction Funding information
Commercial
Loans from Insurance Companies,
REITS & REIMC's:
Quest Funding Services can fund loan from these sources for qualified
borrowers and properties. These include lenders that offer some of the
most advantageous rates...even approaching the prime rate. These loans
are often often submitted through correspondants and can take a fairly
long time for approval and processing. With their low rates and fees,
these lenders are very cautious lenders. The lenders prefer newer
properties and it is difficult to modify the loans, after they are
originated, or to add subordinate financing later. But, the rates they
offer are about the lowest available. So, if you have the time and
qualify, it may be worth your while to pursue this financing. Just do
not expect to settle on you loan quickly, ever if you are a highly
qualified borrower with a very "do-able" funding proposal.
- Note: In the current mortgage crisis, loans that
are funded with monies from investment bank mortgage security pools,
called REIMC's (Real Estate Investment Mortgage Conduits) have dried up
to a great extent. However, there is too much profit to be made for
them not to return in some form, even if the financial controls on them
are tightened to increase the quality of the underlying mortgages.
Traditional
Institutional Commercial Lenders:
Quest
Funding Services offers loans from a number of these conventional
commercial lending sources, such as commercial banks. Let us know your
needs and we will determine if you meet the lending guidelines of any
of these institutions. If you do, the rates and terms can be
advantageous. Do, however, bear in mind that, as with the above
category of loans, these loans are not for borrowers who must close
very quickly.
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