Commercial Real Estate Financing Rapid City SD

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

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

Ms. Myrna L. Mitchell, CFP®
(605) 343-1408
4116 Heidiway Ct
Rapid City, SD
Firm
Consultative Services, Inc. dba Myrna Mitchell, MBA, CFP
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits, Estate Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Not Applicable

Data Provided By:
Mr. Duncan D. Mcrae, CFP®
(605) 721-9588
2800 Jackson Blvd.
Rapid City, SD
Firm
Investment Centers of America
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Divorce Issues, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Thietje A. Hunt, CFP®
(605) 399-2741
2040 W Main St
Rapid City, SD
Firm
Ameriprise Financial Services
Areas of Specialization
Estate Planning
Key Considerations
Average Net Worth: $100,001 - $250,000

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

Profession: Legal Professionals

Data Provided By:
Tobin L. Mason, CFP®
(605) 716-3177
628 1/2 6th St Ste 214
Rapid City, SD
Firm
Modern Woodmen of America
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Insurance Planning, Investment Management, Investment Planning

Data Provided By:
Mr. Donald L. Frankenfeld, CFP®
(605) 348-8441
3601 Canyon Lake Dr Ste 2
Rapid City, SD
Firm
Frankenfeld Associates

Data Provided By:
Mr. David W. Schmidt, CFP®
(605) 342-5434
2834 Jackson Blvd
Rapid City, SD
Firm
Dave Schmidt Insurance Agency,

Data Provided By:
Mr. Christopher B. Green, CFP®
7145 Prestwick Rd
Rapid City, SD
Firm
Green Wealth Management, Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Investment Management, Investment Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided By:
Mr. Randy W. Ellis, CFP®
(605) 348-3030
1575 North LaCrosse St.
Rapid City, SD
Firm
Ameriprise Financial
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, Investment Management, Investment Planning, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Mr. Richard S. Kahler, CFP®
(605) 343-1400
1010 9th St Ste 1
Rapid City, SD
Firm
Kahler Financial Group
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Debt Management, General Financial Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

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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