Commercial Real Estate Financing Westerly RI

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

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. David M. Urso, CFP®
(401) 596-0234
75 Granite St.
Westerly, RI
Firm
LPL Financial
Areas of Specialization
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. Stephen C. Poplaski, CFP®
(401) 596-3392
85 Beach Street
Westerly, RI
Firm
Lighthouse Financial Mgmt., LLC
Areas of Specialization
Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Service Professionals

Data Provided By:
Mr. Philip M. Overton Jr., CFP®
(401) 596-8297
53 High St
Westerly, RI
Firm
Prudential
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Insurance Planning, Investment Planning, Retirement Planning

Data Provided By:
Mr. Theodore L. Parker, CFP®
28 Cottrell St
Mystic, CT
Firm
Parker Financial Planning, LLC

Data Provided By:
Mr. Michael T. Ryan, CFP®
(401) 596-2800
Professional Planning Group
Westerly, RI
Firm
Professional Planning Group

Data Provided By:
Mr. Malcolm A. Makin, CFP®
(401) 596-2800
9 Granite St
Westerly, RI
Firm
Professional Planning Group

Data Provided By:
Mr. Matthew Joseph Cunningham, CFP®
(401) 596-0193
85 Beach St Bldg C
Westerly, RI
Firm
First Allied Securities, Inc.
Areas of Specialization
Budget Development, Comprehensive Financial Planning, Education Planning, Investment Management, Investment Planning, Life Transitions, Long-Term Care
Key Considerations
Average Net Worth: $250,001 - $500,000

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



Data Provided By:
Mr. Daniel M. Makin, CFP®
(401) 596-2800
9 Granite Street
Westerly, RI
Firm
Professional Planning Group

Data Provided By:
Ms. Paulette A. Retsinas, CFP®
(860) 572-4046
2 Water Street
Mystic, CT
Firm
Infinex Investments Inc.
Areas of Specialization
Estate Planning, General Financial Planning, Investment Management, Investment Planning, Long-Term Care
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

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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