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Commercial Real Estate Loans: Application Checklist

Posted by Carolina Trust Federal Credit Union on May 23, 2022 10:30:00 AM

Experienced lenders exercise caution when reviewing commercial real estate loans. The lending team reviews wide-reaching documents and financial disclosures before determining whether a business can effectively repay the revenue. The strict scrutiny employed by loan professionals tasks applicants with collecting and submitting a substantial amount of information. By reviewing this commercial real estate loan application checklist, borrowers can be better prepared and receive a faster loan approval.

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Topics: Commercial Lending

6 Types of Commercial Real Estate Loans

Posted by Carolina Trust Federal Credit Union on May 19, 2022 12:15:00 PM

Commercial real estate loans provide entrepreneurs, investors, and other industry leaders with revenue to improve profitability and advance business goals. But selecting the best loan product can prove challenging. Lenders offer commercial real estate loans with varying interest rates, repayment terms, and qualification thresholds. If you require an influx of revenue to purchase or refinance a property, make renovations, or expand your business it’s crucial to find the best financing solution for your needs.

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Topics: Commercial Lending

Commercial Real Estate Loans: What do Lenders Look For?

Posted by Carolina Trust Federal Credit Union on May 17, 2022 4:00:00 PM

Purchasing commercial real estate to construct a new building, renovate an existing one, or use the property as a revenue-generating asset requires financing. Few small, mid-sized companies or investors possess the cash on hand to complete a transaction and pay for next steps out-of-pocket. That’s why commercial real estate loans are a necessary resource for building a strong economy, creating jobs, and growing personal wealth.

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Topics: Commercial Lending

6 Reliable Tips To Get Your Commercial Real Estate Loan Approved

Posted by Carolina Trust Federal Credit Union on May 11, 2022 9:15:00 AM

Few business leaders possess the cash on hand to purchase a commercial property outright or make wholesale renovations needed for success. That’s why lenders provide commercial real estate loan opportunities for qualified borrowers. Many of the options are in place to help entrepreneurs, investors, and companies, improve our economy and garner a lucrative return on their hard work and financial investment. If you are considering applying for a commercial real estate loan, the following information could help fast-track your loan approval.

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Topics: Commercial Lending

Ready to Buy Commercial Property? Review the Pros and Cons

Posted by Carolina Trust Federal Credit Union on May 3, 2022 2:45:00 PM

The primary reason to buy commercial property revolves around increasing personal wealth and achieving professional goals. The same holds true when considering purchasing a residential property or investing in the stock market. But buying commercial property involves a potentially greater return on investment than flipping or renting residential buildings. And the lower risk is generally far more palatable than a sometimes unpredictable stock market.

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Topics: Commercial Lending

Commercial Construction Loans Demystified

Posted by Carolina Trust Federal Credit Union on Apr 28, 2022 12:00:00 PM

A certain percentage of developers and investors shy away from applying for commercial construction loans because gaining approval seems out of reach. While it’s true that lenders tend to be rigorous in their review of commercial construction loans, that’s largely because projects do not always succeed. But the fact these loan products are thoroughly audited proves beneficial to potential borrowers. Finding soft points in a construction plan early prevents setbacks later.

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Topics: Commercial Lending

Commercial Real Estate Investing Strategies for Beginners

Posted by Carolina Trust Federal Credit Union on Apr 26, 2022 10:15:00 AM

If you harbor a desire to engage in commercial real estate investing, wide-reaching and lucrative opportunities are available. But the question is not necessarily whether you want to improve your wealth. It’s how to invest without taking a major risk.

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Topics: Commercial Lending

A Year After Reopening: How Is Local Business?

Posted by August on Apr 30, 2021 12:43:47 PM

In 2020, many businesses, both local and big corporations, took major hits due to the Covid-19 Pandemic. Even those that were able to stay afloat were not left unscathed. Everyone had to make significant adjustments to how they were operating their businesses, and online presence became a MUST to continue generating revenue.

So, here we are now, almost a year since Governor McMaster reopened all non-essential businesses. Like everything else, businesses adjusted to the new way of life; but, what does that look like? How have these adjustments affected the way we do business, and how businesses in our area are growing?

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Topics: Commercial Lending

Carolina Trust Federal Credit Union Blog 

Welcome to the Carolina Trust Federal Credit Union Blog! We're excited to share financial tips and information for a variety of different topics.

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Check out recent blog posts by our Brand Ambassador, August, for tips on achieving financial success in the bag. 

 

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