Businesses and real estate owners are buying commercial properties like never before.
The current availability of capital makes this time a borrowers’ market, yet, borrowers should still proceed carefully and be sure not to accept any bad deals.
Los Angeles, CA (PRWEB) November 20, 2015
According to an article published October 27th on GlobeSt.com, a group of professionals in the commercial real estate (CRE) industry gathered for a conference in San Diego to discuss the current climate surrounding commercial real estate. Overall, those at the conference concluded that 2015 will be “the biggest year for CRE ever.” Attendees noted that the CRE sales numbers for the first half of 2015 reflected a 35 percent increase from the same time period the year before. The article explains that this increase is even greater than the rise seen in 2006, only this time, experts are not concerned about a similar bubble bursting in the years that follow. According to Los Angeles CRE lender First Financial Capital, the current availability of capital makes this time a borrowers’ market, yet, borrowers should still proceed carefully and be sure not to accept any bad deals.
The article explains that, with buyers so eager to close a deal, they are often likely to accept a deal they may not like, simply because they are not sure if they would be able to finalize it with a different lender in the time needed. First Financial Capital explains that they aim to solve this problem, both by offering borrowers favorable loan terms, and delivering the funds in a timely matter after the loan is approved.
- Favorable Terms – First Financial Capital explains that, to be successful, a lender does not have to resort to offering a borrower loan terms that are less favorable than they need to be. The lender explains that it succeeds when its borrowers succeed, so they make sure that they only offer loans on commercial real estate that will be able to be paid off in a responsible way. Also, the firm notes that they never lock-in borrowers with pre-payment penalties, so they are free to repay the loan in as little time as they wish.
- Fast Funding – For those who are interested in a loan from First Financial Capital, but who have concerns about their ability to deliver funds in a timely manner, the firm assures that its borrowers receive their funding within two weeks of being approved.
First Financial Capital is currently accepting new borrowers who are looking for commercial real estate loans of anywhere from one to twenty five million dollars in Southern California and beyond. Those interested can call First Financial Capital today at 310-694-5060 or visit them online at http://www.FirstFinCap.com. (Broker license number: CA DRE 01523939)