Owner-Occupied Real Estate
Your Property, Your Way
Create a workspace to suit your needs.
Finding the right property for your business isn’t always easy. You might find an ideal building in the wrong neighborhood or a great area with less-than-great properties. Instead of playing Goldilocks with commercial real estate, build your own property. You’ll get to customize your space with details exclusive to your business. Add in special ventilation, modern kitchen amenities, or a corner office with an affordable construction loan from our lenders. We’ll help you manage everything from drafting plans to cutting the ribbon on your new workspace. Why pay inflated market prices when you can have your ideal property at a lower price?
Construction
Loans
Construction loans are the most affordable way to manage the cost of building your own property. Get the funding you need from one source instead of piecing together capital that might not add up. With construction loans, you pay interest only during the term and then refinance into a permanent loan when the project is complete.
After you’re approved, your lender will work with you to set milestones for the project. Funding gets released as you complete each milestone. If the project falls through for any reason, you only owe the milestones that were funded. In contrast, lump sum loans provide the full expected cost upfront, but require full payment if the project stops.
To qualify for a construction loan, you’ll need a clear plan with an exit strategy. Make sure your builder has any applicable licenses and a verifiable record of quality, finished projects. Your lender will also require both your business and personal financial records. We’ll help you gather everything you need to make a successful application with your lender.
There are two purposes for building property: to hold it or to sell it. If you plan to hold the property you’re building and use it to house your business, an owner-occupied loan is the one for you. Owner-occupied loans can be less expensive than other commercial loans because lenders know you’re invested. That reduces their risk, and your cost. You may qualify for a lower interest rate and down payment.
SBA development loans require you to use at least 51% of the accessible space in the property yourself in order to qualify. Once you’ve satisfied that, you’re free to rent the rest of your property to other businesses. The revenue you earn from your tenants can offset the cost of the loan. Depending on your business and location, you may also qualify for tax incentives. To discover more advantages to building your own space, speak with one of our professional team members now.
Owner Occupied
Land Acquisition & Development Loans
Before you build real estate, you need the land to build it on. Land acquisition and development loans help you prepare for your next construction project the right way. Manage the upfront costs of buying land before you build with an acquisition loan. Development loans cover expenses like land grading, permitting, inspections, and utility infrastructure. Then transition to a construction loan for the final project.
When you find the perfect location for your next project, make sure to set the groundwork to make it a success. We’ll show you the best way to pay for every stage of construction from removing trees to landscaping. You have many choices when it comes to funding. But it’s not always easy to weed out the good deals from the bad. Don’t waste time bouncing from lender to lender. Compare all of the best lenders in one place by contacting us today.
A commercial mortgage can help you buy property, but it can’t help you build it. A construction loan only offers short-term financing. That’s why our lenders offer term to perm loans. Start with a short-term loan for construction or renovations. Then, convert the loan into a long-term commercial mortgage. You get the advantages of both loans without having to go through separate lenders.
Term to perm loans save you money on closing costs and remove the challenges associated with applying for two different loans. You can avoid rising interest rates during construction by locking in rates for both loans before you start. While construction is underway, you only pay interest on the loan, giving you time to save. If you’re considering building your own investment property, give R-Edge Commercial Funding a call. We’ll help you finance each stage of your build from the day you break ground.
Term-To-Perm
SBA 7(a) & 504
Every business needs a place to call home, regardless of their credit score. That’s why the Small Business Administration partners with lenders to give small businesses a second chance. If you’ve been turned down for a real estate loan before, consider applying for an SBA-backed loan for your small business. For-profit businesses with $15M or less in net worth and $5M or less in net annual revenue can qualify. Some exclusions apply based on the type of business. Ask an R-Edge Commercial Funding team member for details.
The SBA caps interest rates on SBA loans so you are secure in knowing that you won’t be paying outrageous costs for your financing. Down payments start as low as 10% and you can finance $5M or more. Choose terms of 20 or 25 years at a fixed or variable rate. To get started with SBA loans for real estate, equipment, renovations, or working capital, talk to an R-Edge Commercial Funding specialist today.
Our Process Is Simple
Three Steps to Funding
Step 1
Fill Out Our Application
Fill out a quick application form to tell us about your company.
Step 2
Match With a Lender
Meet with an R-Edge Commercial Funding specialist to help you choose your options.
Step 3
Receive Funds & Grow
We’ll make sure your application is complete and set up for success.
Customize your workspace with affordable financing from our lender network. We’ll help you finance every stage from buying land to moving day.
ALTERNATIVES
If customized space isn’t what you’re looking for, try:
Equipment Loans
Equipment loans help you buy everything from medical diagnostic machines to earth-moving machines. Fund restaurant supplies, tech, computers, printers, and networks with a low-cost equipment loan from our lenders. Whether you’re looking to buy or lease, we’ll help you compare loans across lenders so you get the right price for the loan you want.
Working Capital Funding
Managing cash on hand across dynamic sales cycles can be challenging. Working capital financing can help. With options like secured and unsecured lines of credit, and factoring, which provides early access to funds tied up in accounts receivable, working capital funding accelerates cash flow and increases capital efficiency. We can help you pursue the right type of funding and amount to pursue.