Why should I get a Commercial Real Estate Loan from an Alternative lender?
There are several reasons why you might consider getting a commercial real estate loan from an alternative lender:
- More flexible underwriting criteria: Alternative lenders may be willing to take on more risk than traditional lenders, which means they may have more flexible underwriting criteria. This can be especially beneficial if you have a non-traditional income source, a higher debt-to-income ratio, or other factors that may make it difficult to qualify for a loan from a traditional lender.
- Faster processing times: Alternative lenders typically have more streamlined underwriting processes, which means they can often approve and fund loans more quickly than traditional lenders. This can be especially important if you need to close on a property quickly.
- More personalized service: Alternative lenders often specialize in certain types of commercial real estate, such as retail or multifamily properties, and may be more knowledgeable about the specific needs of those types of properties. This can lead to more personalized service and tailored loan products.
- More creative loan structures: Alternative lenders may be more willing to offer creative loan structures, such as interest-only payments or balloon payments, which can be beneficial if you have a specific financial strategy in mind for your property.
- Potential for better terms: Alternative lenders may offer more competitive interest rates and fees than traditional lenders, which can save you money over the life of your loan.
Overall, if you’re looking for a commercial real estate loan, it’s worth considering all of your options, including alternative lenders, to find the loan product that best meets your needs.
Remember, when traditional options fail, Plan B Capital is here to elevate your possibilities. We look forward to hearing from you! 💫
