Commercial Real Estate Financing Poughkeepsie NY

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

Mr. Craig M. Pesce, CFP®
(845) 554-1046
110 Main St
Poughkeepsie, NY
Firm
Marshall & Sterling Wealth Advisors, Inc.
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management
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. Patrick John Ford, CFP®
85 Civic Center Plz Ste 202
Poughkeepsie, NY
Firm
AXA Advisors

Data Provided By:
Mr. David J. Mazzetti, CFP®
(845) 454-3021
176 Church St
Poughkeepsie, NY
Firm
Mazzetti and Associates
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Business Executives

Data Provided By:
Ms. Diane Justine Arvay, CFP®
(845) 483-7948
2645 South Rd
Poughkeepsie, NY
Firm
Wells Fargo Advisors, LLC

Data Provided By:
Mr. James P. Agrawal, CFP®
(845) 463-1047
22 IBM Rd
Poughkeepsie, NY
Firm
J Agrawal Financial Group
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Elder Care, General Financial Planning, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided By:
Mr. Charles M. Simon, CFP®
(845) 486-5039
42 Catharine Street
Poughkeepsie, NY
Firm
Taconic Advisors Inc
Areas of Specialization
Life Transitions
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided By:
Mr. John T. Mcfadden, CFP®
(845) 463-1045
22 IBM Rd
Poughkeepsie, NY
Firm
McFadden & Associates

Data Provided By:
Mrs. Mellany Bagtas, CFP®
(845) 431-2267
2649 South Road
Poughkeepsie, NY
Firm
Merrill Lynch Group, Inc.
Areas of Specialization
Comprehensive Financial Planning, General Financial Planning, Investment Management, Retirement Income Management, Retirement Planning, Wealth Management, Women's Finances

Data Provided By:
Mr. Joseph Carl Steiniger, CFP®
(845) 483-7940
The Beechwood Group
Poughkeepsie, NY
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Charitable Giving, Education Planning, Estate Planning, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning

Data Provided By:
Ms. Susan L. Murphy, CFP®
(845) 431-2222
2649 South Rd
Poughkeepsie, NY
Firm
Merrill Lynch
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

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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