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Commercial Real Estate Financing
From development loans to new construction and tenant improvement, New Market Funding has finance options to support your next step.
Based on our background in construction, tenant improvement and custom installation, New Market Funding has your back when it comes to construction financing. We understand the scope and process to take your project from start to finish, and we can find the financing options to meet your construction timeline.
Acquisition Loans
Owner operated properties are one of the best opportunities for small businesses tied up in high rents and without a break in site. Purchase a building with low interest loans from the SBA. So long as you are utilizing a majority of the space in the building, rent to lessees and see your revenue streams expand while you pay off your property.
Owner operated hotels, office buildings, restaurants in a shopping center – all of these are opportunities to adjust your ownership structure, manage cash flow, and gain tax benefits as you grow and expand your operations.
Construction Loans
A sound building starts with a solid foundation, and a resilient business plan is likewise built on the bedrock of a comprehensive financial plan. Many business owners think that to gain the benefits of ownership you must start out with a mountain of cash. In reality, new construction can cost less than a retrofit or the purchase of an existing building. By planning your building from the ground up to meet your specification, you get exactly what you need.
Construction loans are built to pay out over the life of the project, when construction meets specific benchmarks. That helps you manage your cost of cash. You only pay interest on the amount disbursed, rather than taking out a lump sum to manage on your own. This loan type can help you measure performance toward project completion along the way.
Permanent Financing
Roll construction loans, development financing or bridge loans into long term or “permanent” financing to manage your location costs over time. Whether you are warehousing, purchasing a standalone retail location or are an owner/operator leasing space in a shopping center or mall, permanent financing helps you manage your monthly payment as you build equity.
Hard Money
When the right location comes available you need the ability to move quickly. Hard money loans offer the opportunity to close in only a few days as compared to the standard 45 day close rate on long-term financing.
For many businesses in aggressive, overheated commercial real estate markets, waiting isn’t an option. You need to take possession now in order to keep products and services moving to expectant customers.
Take charge of your acquisition plan with a hard money loan.
Fix & Flip Lines of Credit
Renovations are some of the most enjoyable types of projects on the market today. Whether you are retaining a rustic look with exposed brick and classic features, or you are bringing a historic building into the 21st century, fix and flip lines of credit allow developers and contractors access the funds they need to move quickly on rentals, materials and funds for payroll and day labor costs.
Bridge Loans
Leverage ownership in your first property to bridge the gap and take possession of your new property in shorter time. With a bridge loan you can access your new property and make interest only payments while your former property is on the market. Or, if you are expanding your properties, start collecting rent immediately while you await permanent financing.
Development Loans
When your project is larger than a single building and you are acquiring land to build a new neighborhood or subdivision, look to development loans. Like construction loans, these disburse over the life of the project as phases are completed and inspected. Pay for permitting, subdivision and essential infrastructure such as water, sewer and electric.
Let us know about your business and financing objectives.
New Market Commercial Funding
25550 Grand River Avenue
Redford, MI 48240
info@newmarketfunding.com
855-215-6092
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