Commercial Real Estate Financing Frankfort KY

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

Mr. Michael L Wilkerson Ii, CFP®
(502) 352-2995
202 W Main St
Frankfort, KY
Firm
Layne Wilkerson Financial Services
Areas of Specialization
Budget Development, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Intergenerational Planning, Investment Management

Data Provided By:
Mrs. Aprill Ergas Shepherd, CFP®
(859) 879-5455
101 N Main St Fl 2
Versailles, KY
Firm
Community Trust Investment Company
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Divorce Issues, Employee and Employer Plan Benefits, General Financial Planning, Insurance Planning, Intergenerational Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Not Applicable

Data Provided By:
Fifth Third Bank
(502) 570-0259
Georgetown, 100 Lawson Dr
Georgetown, KY
Office Hours
M-TH 9-5; F 9-6; SA 9-12
Drive Up Hours
M-F 8-6; SA 9-12

Fifth Third Bank
(502) 633-4652
Shelbyville, 300 Taylorsville Road
Shelbyville, KY
Office Hours
M-TH 9-5:30; F 9-6; SA 9-12
Drive Up Hours
SAME AS LOBBY

Lewis Financial Resources
(502) 839-9286
1048 Eagle Lake Dr
Lawrenceburg, KY

Data Provided By:
Mr. Donald E. Lewis, CFP®
(502) 839-9286
1048 Eagle Lake Dr
Lawrenceburg, KY
Firm
Lewis Financial,LLC
Areas of Specialization
Tax Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Self-Employed Business Owners

Data Provided By:
Fifth Third Bank
(502) 227-4588
West Frankfort, 1269 U.S. 127 Bypass
Frankfort, KY
Office Hours
M-TH 9-5; F 9-6; SA 9-12
Drive Up Hours
M-TH 8-5; F 8-6; SA 9-12

US Bank - Shelbyville Office
(502) 633-6160
1622 Midland Trail
Shelbyville, KY
Drive Up Hours
Mon 08:30 am to 05:00 pm
Tue 08:30 am to 05:00 pm
Wed 08:30 am to 05:00 pm
Thur 08:30 am to 05:00 pm
Fri 08:30 am to 05:00 pm
Sat 08:30 am to 12:00 pm

Chase Bank
(502) 647-1688
251 Boone Station Rd
Shelbyville, KY
Type
Freestanding
Office Hours
Mon:9:00-6:00
Tues:9:00-6:00
Wed:9:00-6:00
Thurs:9:00-6:00
Fri:9:00-6:00
Sat:9:00-2:00
Sun:closed

State Farm Insurance - Steve Woodrum
(502) 863-0608
420 North Broadway
Georgetown, KY
 
Data Provided By:

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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