Recent Economic Forecast Predicts Strong California Real Estate Market through 2018, notes First Financial Capital
Los Angeles, CA (PRWEB) February 12, 2016 -- According to an article published on January 28th in the Times of San Diego, citing a report from leading economists, California can expect strong performance in the commercial real estate market for the next three years due to job and income growth and a need for more commercial buildings, particularly in the coastal cities. Commenting on this article, Los Angeles based commercial real estate lender First Financial Capital explains that commercial real estate developers and investors remain confident due to growing opportunities for investment in office, multi-family, retail and industrial sectors, despite relatively higher interest rates. Additionally, the direct lender notes, technology companies seeking non-traditional office parks account for a significant portion of these figures, and the locales favored by these companies are becoming robust markets. According to the lender, this may be an optimal time for commercial real estate investors who are considering purchasing property in some of California’s flourishing cities.
Moreover, First Financial Capital highlights that they are a fully funded commercial real estate lender and are able to provide real estate loans of up to $25 million to prospective, qualified real estate investors at competitive and attractive terms with agreeable loan-to-value (LTV) ratios. The group explains that an agreeable LTV is fundamentally important to successful loan agreement, as one that is significantly lower than the appraised value of a building can prevent the borrower from finalizing a deal on a piece of property.
Additionally, while a significant number of First Financial Capital’s frequent borrowers rely on them because the group reliably distributes funding to qualified and approved applicants within a period of two weeks, the group also offers attractive repayment terms. Unlike long term loans which are often preferred by traditional bank lenders, commercial real estate loans from First Financial Capital often come with one to three year repayment terms, so that borrowers will not need to expect to make payments long into the distant future. Furthermore, First Financial Capital notes that it does not charge pre-payment penalties on their loans, so when borrowers begin to generate profits from their investments, they need not wait in order to begin repayment.
First Financial Capital notes that they have a great many repeat borrowers who know them as the go-to lender whenever they need funding for a number of special-purpose property types, including office buildings, gas stations, multi-family apartment buildings, and car washes. For more information, or to start the loan application process today, interested readers can call First Financial Capital at (310) 694-5060, or visit them online at http://www.FirstFinCap.com. (Broker license number: CA DRE 01523939)
Matthew Newton, Cyberset Corp, +1 (818) 883-7277 Ext: 121, [email protected]
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