Commercial Real Estate Financing Pierre SD

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

Wells Fargo - Pierre
(605) 945-3000
333 E Sioux Ave
Pierre, SD
Type
Branch
Office Hours
Mon-Fri 07:30 AM-05:30 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Richard Kahler
Kahler Financial Group
(605) 343-1400
1010 9th Street, Suite 1
Rapid City, SD
Expertises
Real Estate Investments, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, MSFP

Mr. Neil H. Graff, CFP®
(605) 977-2801
200 E 10th Street, Ste 500
Sioux Falls, SD
Firm
Eide Bailly Financial Services

Data Provided By:
Mr. Kenneth Krause, CFP®
(605) 229-2073
101 3rd Ave SW
Aberdeen, SD
Firm
Amerprise Financial

Data Provided By:
Dr. Kathryn J. Morrison, CFP®
(605) 688-5196
Box 2275A
Brookings, SD
Firm
South Dakota State University

Data Provided By:
US Bank - Pierre Office
(605) 945-2133
604 E Sioux Ave
Pierre, SD
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

Mr. Kameron J. Carlson, CFP®
(605) 338-9191
5032 S Bur Oak Pl Ste 100
Sioux Falls, SD
Firm
Professional Financial Service

Data Provided By:
Mrs. Kathryn M. Greeneway, CFP®
(605) 665-4940
225 Cedar St
Yankton, SD
Firm
First Dakota National Bank/Ray

Data Provided By:
Ms. Nancy Ann Carlson, CFP®
(605) 338-9191
5032 S. Bur Oak Place
Sioux Falls, SD
Firm
Professional Financial Svcs

Data Provided By:
Mr. Spencer J Miller, CFP®
(605) 399-3110
909 Saint Joseph St Fl 6
Rapid City, SD
Firm
Morgan Stanley Wealth Management
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Investment Management, Investment Planning, Life Planning, Life Transitions, Long-Term Care
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



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...

Click here to read the rest of this article from GlobalBx