Commercial Real Estate Financing Narragansett RI

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

Stephen Poplaski
Lighthouse Financial Management, LLC
(401) 596-3392
85 Beach Street, Building D
Westerly, RI
Expertises
Ongoing Investment Management, Tax Planning, Planning Issues for Business Owners, Divorce Planning, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, CPA/PFS, MBA, MSFP

Mr. William A. Entwistle Iii, CFP®
(401) 782-6166
24 Salt Pond Rd
Wakefield, RI
Firm
Entwistle Financial Life Planning
Areas of Specialization
Business Succession Planning, General Financial Planning, Investment Management, Life Planning, Life Transitions, Retirement Planning, Small Business Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $50,001 - $100,000



Data Provided By:
Mr. Michael Charles Paolino, CFP®
(401) 783-7548
35 S County Commons Way Ste D7
Wakefield, RI
Firm
Edward Jones

Data Provided By:
Mr. James V. Aukerman, CFP®
(401) 788-9080
60 S County Commons Way
Wakefield, RI
Firm
James V. Aukerman & Associates
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Elder Care, Estate Planning, Long-Term Care

Data Provided By:
Mr. James W. Blackerby, CFP®
(401) 789-1120
343 Main St
Wakefield, RI
Firm
Ameriprise Financial Services,
Areas of Specialization
Business Succession Planning, Charitable Giving, Estate Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Business Executives

Data Provided By:
Mr. Thomas A. Denicola Jr., CFP®
(401) 792-4910
35 South County Commons Way
Wakefield, RI
Firm
Ameriprise Financial Services, Inc.
Areas of Specialization
Asset Allocation, Budget Development, Debt Management, Estate Planning, General Financial Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Business Executives

Data Provided By:
Mr. Edward J. Molloy, CFP®
(401) 284-3221
535 Jerry Brown Farm Rd
South Kingstown, RI
Firm
Aetna
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Healthcare Planning, Insurance Planning, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Profession: Business Executives

Data Provided By:
Mr. Edmund J. Brock, CFP®
(401) 788-0106
24 Salt Pond Rd Ste A6
Wakefield, RI
Firm
Ameriprise Financial Services, Inc.

Data Provided By:
Kathryn Hansmann Welles, CFP®
(401) 845-0731
4 Old Tower Hill Rd
Wakefield, RI
Firm
Merrill Lynch Pierce Fenner & Smith
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning

Data Provided By:
Ms. Maryanne P. Cunningham, CFP®
(401) 783-8647
18 Wayside Ct
Kingston, RI
Firm
Bank On Mac
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Debt Management, Education Planning, Employee and Employer Plan Benefits, LGBT Individuals and Couples, Life Planning

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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