Commercial Real Estate Financing Charlottesville VA

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

David Marotta
Marotta Wealth Management, Inc.
(434) 244-0000
One Village Green Circle, Suite 100
Charlottesville, VA
Expertises
Ongoing Investment Management, College/Education Planning, Financial Issues Between Generations, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AAMS, AIF, CFP®

Nora Gillespie
The Wrightbridge Company, Inc.
(434) 971-6825
1227 Cedars Court
Charlottesville, VA
Expertises
Cash Flow/Budgets/Credit Issues, College/Education Planning, Insurance Related Issues, including Annuities, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BA, CFP®, CFS, MA

Mr. William L Wolfe Ii, CFP®
(434) 970-2326
401 E Market St Ste 200
Charlottesville, VA
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Socially Responsible Investments, Wealth Management

Data Provided By:
Mr. Adam O. Snider, CFP®
(434) 220-9397
684 Berkmar Cir
Charlottesville, VA
Firm
C-VILLE FINANCIAL
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Investment Management, Retirement Planning

Data Provided By:
Mr. Steven Moultrie Ball, CFP®
(434) 973-3457
620 Woodbrook Dr.
Charlottesville, VA
Firm
Ameriprise Financial
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Investment Planning, Retirement Planning
Key Considerations
Profession: Not Applicable

Data Provided By:
Robert Arms
Marotta Wealth Management, Inc.
(434) 244-0000
One Village Green Circle, Suite 100
Charlottesville, VA
Expertises
Helping Clients Identify & Achieve Goals, Insurance Related Issues, including Annuities, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, AIF, ChFc, CLU

Mr. Samuel W. Kan, CFP®
(434) 326-1226
600 Massie Road
charlottesville, VA
Firm
US Army
Areas of Specialization
Estate Planning, Government and Military, Legal Advice, Real Estate, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Government Employees

Data Provided By:
Mr. Joseph M Marques, CFP®
100 E South St
Charlottesville, VA
Firm
Wells Fargo Advisors, LLC

Data Provided By:
Mr. Glenn Catalano, CFP®
(434) 973-3457
620 Woodbrook Dr Ste 4
Charlottesville, VA
Firm
Ameriprise Financial
Areas of Specialization
Asset Allocation, Budget Development, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Elder Care, Employee and Employer Plan Benefits

Data Provided By:
Mr. Jonathan N. Chasen, CFP®
(434) 244-3920
123 E Main St Ste 4
Charlottesville, VA
Firm
Wells Fargo Advisors, LLC
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000



Data Provided By:
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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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