Commercial Real Estate Financing New Lenox IL

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

Cynthia Menker
Contour Financial
(708) 460-3800
9031 W. 151st Street, Suite 107
Orland Park, IL
Expertises
Ongoing Investment Management, Middle Income Client Needs, Retirement Planning & Distribution Rules, Tax Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Joseph Alotta
Open Door Investment Advisors, Inc.
(630) 390-8392 - cell
409 North Washington Street
Westmont, IL
Expertises
Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CFS, MA, MBA, Other

Mr. Dennis C. Wesel, CFP®
(815) 485-3399
100 Batson Ct. STE 104
New Lenox, IL
Firm
L & W Associates

Data Provided By:
Chad Brian Humphrey, CFP®
(815) 741-2379
100 Batson Ct Ste 102
New Lenox, IL
Firm
Raymond James Financial Services
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Investment Management, Small Business Planning

Data Provided By:
Mr. David C. Hendrickson, CFP®
(815) 717-6075
12222 W Donegal Ln
New Lenox, IL
Firm
OneAmerica Securities

Data Provided By:
Brian Rezny
Rezny Wealth Management, Ltd.
(800) 618-8577
2287 Foxboro Lane
Naperville, IL
Expertises
High Net Worth Client Needs, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Eric M. O'Neill, CFP®
(815) 485-5200
329 W Maple St
New Lenox, IL
Firm
Financial Network Investment C
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Mr. Michael A. Scroggins, CFP®
(815) 741-2379
100 Batson Ct
New Lenox, IL
Firm
Raymond James
Areas of Specialization
Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Philip A. Sgariglia, CFP®
(815) 485-5200
329 W Maple St
New Lenox, IL
Firm
Financial Network Investment C
Areas of Specialization
Estate Planning, General Financial Planning, Investment Planning, Long-Term Care, Retirement Planning, Tax Planning, Tax Preparation
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Mr. Lester Z. Koryczan, CFP®
(708) 349-0091
9951 W 190th St.,
Mokena, IL
Firm
FSC Securities Corporation

Data Provided By:
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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