Commercial Real Estate Financing Lancaster SC

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

Ms. Jana B. Morrison, CFP®
(803) 286-2187
PO Box 460
Lancaster, SC
Firm
The Springs Company

Data Provided By:
Mrs. Kristen Davis Rhyne, CFP®
(803) 578-4236
607 N. Main Street
Lancaster, SC
Firm
Founders Federal Credit Union
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Education Planning, Healthcare Planning, Insurance Planning, Investment Management, Long-Term Care
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Mr. Thomas J. Donahue, CFP®
(704) 292-2920
312 N Church St
Monroe, NC
Firm
The Pinnacle Financial Group
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Elder Care, Employee and Employer Plan Benefits

Data Provided By:
Wells Fargo - Lancaster Main
(803) 286-3321
705 N Main St
Lancaster, SC
Type
Branch
Office Hours
Mon-Thu 09:00 AM-05:00 PM
Fri 09:00 AM-06:00 PM
Sat-Sun Closed

Bank of America - New Town Market
(704) 243-6411
1530 Providence Road S.
Waxhaw, NC
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Indoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Multi-Check Deposit, Deposit Image
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Multi-Check Deposit, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-1
Sunday Closed
Drive Up Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-6
Saturday 9-1
Sunday Closed

Mrs. Debra P. Brock, CFP®
(803) 416-4442
104 E Springs St
Lancaster, SC
Firm
The Springs Company

Data Provided By:
Mr. Walter R. Costenbader, CFP®
(860) 997-4160
4703 Magnolia Ridge Dr
Waxhaw, NC
Areas of Specialization
Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Charles E. Alvis, CFP®
(803) 323-2695
209 THURMOND BLDG
Rock Hill, SC
Firm
Winthrop University

Data Provided By:
SunTrust Bank
(704) 843-5002
8109 Kensington Drive
Waxhaw, NC
Type
ATM, Branch, Drive-Thru
Office Hours
Monday: 9-5
Tuesday: 9-5
Wednesday: 9-5
Thursday: 9-5
Friday: 9-6 Weekend:
Drive Up Hours
Monday: 9-5
Tuesday: 9-5
Wednesday: 9-5
Thursday: 9-5
Friday: 9-6 Weekend:

Fifth Third Bank
Cureton 3, 8100 Kensington Drive
Waxhaw, NC
Office Hours
M-F 9-6; SA 9-2
Drive Up Hours
M-F 9-6; SA 9-2

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...

Click here to read the rest of this article from GlobalBx