The state of Florida has long been a popular place for investors to start new businesses. With year-long sunshine, a strong tourism market, and an ever-growing state population, it is no wonder so many investors flock to Florida.
Still, Florida investors often have difficulty securing financing with traditional lending sources. In response to this, Commercial Direct is highlighting several examples of closed loans in Florida to give prospective borrowers a better idea of how they can succeed with their investment strategy.
One such recent success story involved a retail strip mall in Hialeah, Florida. Stabilization issues prevented the borrower from working with banks, even though they possessed a high credit score. The mortgage experts at Commercial Direct were able to overcome this hurdle and help the borrower secure a long-term financing solution that met the borrower
A more complicated situation took place in Lake Worth, Florida,and involved bank seasoning requirements. In this case, an investor sought to refinance their retail property less than two years after they made the initial purchase. Banks typically will not approve a loan request unless the borrower has owned the property for a longer period of time, so the investor had to look for an alternative solution. Thankfully, Commercial Direct was able to connect the investor with a loan solution that did not include any seasoning requirement. The investor was also able to get approved for the loan without having to provide tax returns.
The final success story took place in St. Augustine, Florida. An investor wanted to purchase a retail property but struggled to work with banks because of the property
Potential investors can read more about the Florida success stories here: https://www.investmentproperty.loans/commercial-investment-opportunities-in-florida/
About Commercial Direct
Commercial Direct is a division of Silver Hill Funding, LLC, a direct commercial mortgage lender that provides investors and small business owners with customizable commercial mortgages tailored to fit their unique needs. Commercial Direct
Silver Hill Funding, LLC is the proposed lender. Commercial Direct is a division of Silver Hill Funding, LLC.
The information provided herein is intended for business users only, and is not intended for use by the general public or individual consumers. Programs may be cancelled or modified at any time without prior notice. Programs may not be available in all jurisdictions. These materials are intended to provide general information to the reader. This information is made available with the understanding Commercial Direct, a division of Silver Hill Funding, LLC, is not engaged in rendering legal, accounting, or other professional services. Commercial Direct uses reasonable care in providing information but cannot guarantee accuracy or completeness. Information is provided with no warranty, express or implied, any and all such warranties are expressly disclaimed. Commercial Direct assumes no liability for any loss, damage, or expense from errors or omissions in these materials, whether arising in contract, tort, or otherwise.