Commercial Real Estate Financing Worcester MA

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

Cheryl Costa
AFW Wealth Advisors
(508) 655-0210
550 Cochituate Road - Suite 25
Framinham, MA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, College/Education Planning, Retirement Planning & Distribution Rules, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA

Janice Swenor
Langtree Associates
(978) 874-0885
206 Ayer Road
Harvard, MA
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, College/Education Planning, Middle Income Client Needs, Newlyweds & Novice Investors, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA, MS

Janice Swenor
Langtree Associates
(978) 874-0885
65 State Road East
Westminster, MA
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, College/Education Planning, Middle Income Client Needs, Newlyweds & Novice Investors, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA, MS

Mr. Daniel J. Coletti, CFP®
(508) 755-4884
316 Main St
Worcester, MA
Firm
ING Group

Data Provided By:
Miss Heather C. Arndt, CFP®
(508) 926-3708
100 Front St Fl 9
Worcester, MA
Firm
Merrill Lynch
Areas of Specialization
Asset Allocation, Banking, Business Succession Planning, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Intergenerational Planning

Data Provided By:
Thomas Sturiale
Sturiale Financial Planning
(508) 872-4191
2 Royal Meadow Lane
Framingham, MA
Expertises
Ongoing Investment Management, Cash Flow/Budgets/Credit Issues, Helping Clients Identify & Achieve Goals, Middle Income Client Needs, Newlyweds & Novice Investors, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA, MS

Andrew Chan
Integrative Financial Advisors, LLC
(508) 663-4878
945 Concord Street
Framingham, MA
Expertises
Hourly Financial Planning Services, Retirement Plan Investment Advice, Retirement Planning & Distribution Rules, Cash Flow/Budgets/Credit Issues, Investment Advice without Ongoing Management, Tax Planning
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, CIMA

Georgia Bruggeman
Meridian Financial Advisors, LLC
(508) 429-2600
13 Water Street
Holliston, MA
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, College/Education Planning, High Net Worth Client Needs, Planning Concerns for Corporate Executives, Advising Employee Benefit Plan Participants
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Ms. Jennifer L. Simes, CFP®
(508) 791-7126
446 Main Street
Worcester, MA
Firm
Carl P. Sherr & Co., LLC
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, Debt Management, Education Planning, General Financial Planning, Insurance Planning
Key Considerations
Average Net Worth: Not Applicable



Data Provided By:
Mr. Michael D. Brockelman, CFP®
(508) 926-3407
311 Main St
Worcester, MA
Firm
Bowditch & Dewey, LLP

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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