Commercial Real Estate Financing Addison IL

Looking for Commercial Real Estate Financing in Addison? We have compiled a list of businesses and services around Addison that should help you with your search. We hope this page helps you find Commercial Real Estate Financing in Addison.

Armond Dinverno
Balasa Dinverno Foltz LLC
(630) 875-4900
500 Park Blvd, Suite 1400
Itasca, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Planning Issues for Business Owners, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, JD

Therese Martin
Martin Financial Management
(847) 524-1232
1420 Parker Place
Elk Grove Village, IL
Expertises
Ongoing Investment Management, Insurance Related Issues, including Annuities, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CLU

William Keffer
Keffer Financial Planning
(630) 842-5609
511 West Wesley Street
Wheaton, IL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Advising Employee Benefit Plan Participants, Insurance Related Issues, including Annuities, Divorce Planning
Certifications
NAPFA Registered Financial Advisor, CDFA, CFP®, ChFc, CLU, MBA, CRPS

Donald Duncan
D3 Financial Counselors, LLC
(630) 271-0033
5151 Mochel Drive
Downers Grove, IL
Expertises
High Net Worth Client Needs, Hourly Financial Planning Services, Retirement Plan Investment Advice, Tax Planning, Investment Advice without Ongoing Management, Advising Entrepreneurs
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, CPA/PFS, MBA

Jason O'Hallen
JMG Financial Group, Ltd.
(630) 571-5252
2301 West 22nd Street, Suite 300
Oak Brook, IL
Expertises
High Net Worth Client Needs, Planning Concerns for Corporate Executives, Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, AAMS, CFP®, CMFC

John Davis
Mentor Capital Management Inc.
(630) 530-1191
105 S. York Street, Suite 450
Elmhurst, IL
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Insurance Related Issues, including Annuities, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®

Charles Prudhomme
LVM Capital Management, LTD.
(630) 580-5900
115 W. Wesley, Suite 2
Wheaton, IL
Expertises
Ongoing Investment Management, Charitable Giving - Trusts & Foundations, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Mark Smith
Smith Financial Advisors Inc.
(630) 510-3262
1755 S. Naperville Road, Ste 100
Wheaton, IL
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Investment Advice without Ongoing Management, Planning Concerns for Corporate Executives, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®

Cheryl Krueger
Growing Fortunes Financial Partners, LLC
(847) 230-9636
1821 Walden Office Square, Suite 400
Schaumburg, IL
Expertises
Helping Clients Identify & Achieve Goals, Hourly Financial Planning Services, Middle Income Client Needs, Women's Financial Planning Issues, College/Education Planning, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BS, CFP®

Michael Rohrwasser
Vantage Financial Partners Limited
(847) 590-9191
Nine North Vail Avenue, Suite 200
Arlington Heights, IL
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Estate & Generational Planning Issues, Helping Clients Identify & Achieve Goals, Planning Concerns for Corporate Executives, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Commercial Real Estate Financing - Where To Get It And How

Purchasing property that will be used for your business is, in most cases, the biggest startup expense business owners have. There are several ways, and numerous places to obtain commercial real estate financing , whether you are buying an existing building, purchasing land and constructing a new building, or buying and remodeling an existing building to meet your businesses requirements.

Common sources for commercial real estate financing are banks, savings and loans, mortgage companies, venture capital firms, and even insurance companies. You can also obtain financing through the Small Business Administration through their 504 loan program, which was designed for small business commercial real estate financing , and offers a low down payment, low fixed-rate interest, 20 year terms, and steadily decreasing fees through a partnership between banks and non-profit development companies. There are also firms that specialize in finding commercial real estate financing for their clients. These firms do not provide the financing; they simply work to find the financing for their clients, for a fee.

Start with the Small Business Administration. The SBA is in the business of helping small business owners. Therefore, they work to make things less complicated for their clients. If you fail to get a commercial real estate loan through the SBA, you should strongly consider hiring a firm to help you find the financing you need. The time and effort that you will save are greatly worth the fees that will be required. These firms can be easily found by doing a search on the Internet for " commercial real estate financing ."

Documents that will be requested by the potential lenders will be your business plan, financial statements for the last five years, federal income tax returns for the last five years, articles of incorporation (if you are incorporated), and your business licenses. The lenders will also want as much documentation as possible on the real estate.

If you are purchasing land to build on, the lender will want the specifics in regards to the land, including the price, as well as blue prints and construction costs for the building. A common problem that many business owners face when they obtain financing for the construction of a new building is that they do not apply to borrow enough funds for the completion of the building. That is why it is best to have the blueprints drawn up, and to get estimates from three or four construction companies first. This is also true if you are planning to remodel an existing business.

For existing buildings that will not need to be remodeled, provide the lender with documentation concerning the dimensions, the age, and the condition of the building, as well as the seller's asking price and contact information for the seller or realtor. Many lenders will require that the building be inspected by a professional and that you provide them with a report of the inspector's fi...

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