Increased Tolerance for Risk
Independent and alternative lenders who specialize in CRE loans can typically assume a greater degree of risk as to the sole decision-makers about your loan application. In some cases, they may be willing to consider non-standard collateral to secure your loan, which can sometimes qualify you for a larger loan or more favorable terms on your real estate lending arrangement. By exploring your options with independent lenders, you can often achieve the best possible solutions for your financial needs.
Improved Chance of Approval
Because independent lenders have greater autonomy when making decisions about which loans to approve, they are a great choice if you have been turned down for loans by traditional lending sources in the past. Alternative lenders are often motivated to make CRE loans to companies or investors who have a solid business plan and adequate collateral to back up their loan applications. By investigating your options in the alternative lending marketplace, you can typically acquire the funding you need more easily than through other channels.
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Faster Processing for Your Loan
One of the biggest advantages of independent CRE lenders is their ability to move quickly in addressing your loan application. Because these lending companies do not have to answer to any other agencies or authorities, they can streamline the application and approval process to ensure that you receive the funds you need for your real estate acquisitions. This can result in faster processing for your loan and rapid disbursement for your funds, which can help you to take advantage of opportunities in the real estate marketplace to achieve greater profitability for your investments.
Independent lenders can sometimes provide the most practical solutions for your lending needs. By including these lending options in your overall plan, you can enjoy the widest array of choices when obtaining loans for your CRE acquisitions.