First Financial Capital explains that the two most important things that their borrowers look for when seeking out a loan are flexible loan terms and high loan-to-value ratios.
Los Angeles, CA (PRWEB) October 16, 2015
According to an article published October 8th on Vegas Inc., the city of Las Vegas has bounced back dramatically from the recession that struck the nation several years ago, and it shows in the prices of commercial real estate. The article notes that, in the years immediately following the recession, bargain-bin prices on commercial real estate drove sales to high volumes, which have, in time, settled down to a normal pace. While the current, higher commercial real estate prices are appropriately reflective of the value of the property, First Financial Capital notes that many companies and real estate buyers may not have adjusted their financial allocations to purchase these higher value buildings, and may require additional funding to complete a transaction. According to First Financial Capital, many returning and new borrowers have come to them for funding in order to acquire Las Vegas properties. They explain that the two most important things that their borrowers look for when seeking out a loan are flexible loan terms and high loan-to-value ratios.
- Flexible Loan Terms – First Financial Capital explains that, because all borrowers come into a loan agreement with extremely varied needs and financial expectations, they design their loans so that borrowers do not feel restricted and locked-in. The basis of this, they explain, is the fact that they never charge their borrowers any pre-payment penalties, so real estate buyers are able to pay their loans back as quickly as they are able. Loans from First Financial Capital typically have a one to three year payback period.
- High LTVs – When prices are higher, as they are in Las Vegas, that means that borrowers will need a larger loan to secure whatever property they have their eye on. While First Financial Capital is used to funding large real estate purchases, typically ranging from one to twenty million dollars, they also provide their borrowers with loans with a high loan-to-value ratio based on the appraised value of the property. They explain that, by providing loans with an LTV as high as 80 percent of the property’s value, borrowers can close on the building in question with less worry about where they will get the entirety of the funds.
Potential borrowers in Las Vegas, Los Angeles, and everywhere in between that are interested in learning more about the loans provided by First Financial Capital can call the lender today at (310) 694-5060 or visit them online at http://www.FirstFinCap.com. (Broker license number: CA DRE 01523939)