More Opportunities Await NY Businesses As OverFund Capital Offers Commercial Real Estate Financing
January 11, 2022 at 18:20
Rockville Centre, NY - OverFund Capital is helping more businesses in New York gain more opportunities as they offer all types of financing tailored to different needs.
“We offer a variety of business financing tailored specifically to every business needs,” says OverFund Capital. On top of their list of service offerings are Commercial Real Estate Financing. This type of financing allows businesses to buy a commercial property necessary for their growth.
OverFund Capital makes every business owner’s dream come true, even without any cash or assets to put up as collateral. A variety of commercial real estate financing solutions are available at OverFund Capital. Further, it is being offered at reasonable rates and periods, allowing more freedom for businesses.
“We are committed to providing rapid, flexible, and cheap pricing so that any business owner can expand their company. We have the finances a business may need,” the company states.
The New York-based financing company mainly offers small business financing or other forms of solutions to purchase properties or equipment for their operations. Examples of commercial real estate include hotels, apartment buildings, condominiums, office buildings, warehouses, and other manufacturing sites. These are all income-producing properties used to run businesses.
To give clients a clear overview of what type of commercial real estate financing to choose from, OverFund Capital explained that their financing solutions come in various shapes and sizes, “each with its own set of advantages and disadvantages.” The most common commercial real estate financing is the US Small Business Administration (SBA) offered in two programs; SBA 7(a) Loans and SBA 504 Loans. Of the two, SBA 7(a), which is ideal for real estate acquisition, SBA 7 is more popular. To be eligible for this type of financing, clients must meet specific criteria such as income, credit history, and even location.
On the other hand, SBA 504 loans provide fixed-rate funding for substantial fixed assets like buildings and land. To be eligible for SBA 504, the client must have managerial experience and a viable business strategy.
Another opportunity for business owners is the Bridge Loans for short-term projects, typically between six months to two years. Business owners can use it to construct an office building on a property they have purchased and then decide to sell it to another party.
OverFund Capital also offers Ordinary Commercial Real Estate Loans in New York, which are often compared with home financing. To avail of this loan, business owners must have collateral, like the property itself. Lastly, they have Hard Money Loans frequently granted to businesses with poor credit.
To know more about the different types of commercial real estate, clients may visit https://overfundcapital.com/. They may contact the Reliable Commercial Real Estate Financing Company In New York at 1-888-300-1169 or email at firstname.lastname@example.org. The company is located at 265 Sunrise Highway Suite 1544 Rockville Centre, NY 11570.
For more information about OverFund Capital, contact the company here:
"265 Sunrise Highway Suite 1544
Rockville Center, NY 11570"