How To Finance Special Use Properties
Financing special use properties such as gas stations, auto dealerships, assisted living facilities, bowling alleys, hotels, etc., requires working with a lender who understands the nature of specialty or limited use properties
The Different Types Of Private Lenders
In the private commercial real estate lending industry, there are several types of private lenders 1) a private individual, 2) a private equity fund or firm, 3) a family office, 4) a hedge fund, and lastly, 5) a self-funded specialty finance company.
How To Leverage the SBA CDC/504 Program
The SBA CDC/504 loan program was designed to help commercial borrowers who cannot currently qualify for traditional bank or conational financing. With the 504 program, a lender has the added security of a CDC (Certified Development Company) who's portion of the loan is subordinate to the lender's loan.