Working from Home Isn’t a Passing Fad
Remote Work Has Changed Our Home Needs. Is It Time for Your Home To Change, Too? Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the…
Read MoreShould We Buy or Should We Wait?
Why Waiting to Buy a Home Could Cost You a Small Fortune Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who…
Read MoreRecent Loan Closings: Franchise Startups and Expansions
Preferred Capital Funding has deep connections and experience in helping business owners obtain capital for their franchise startups and expansions. Here are just a few recent SBA 7a loans we’ve helped our franchise clients obtain: Coin Laundry Franchises: $800k Startup coin laundry in Chicago: equipment, store construction, working capital, miscellaneous soft costs $1.7mm coin laundry…
Read More30 Year Fixed is for Commercial Real Estate
Think 30-year fixed is only for your primary residence? Or long-term commercial loans without a balloon need an SBA guaranty? Well, think again. At Preferred Capital Funding we close 30-year fixed conventional loans every month. At very attractive rates. Traditional bank loans can include ten or five-year balloon maturities. Private money loans may be due…
Read MoreHome Prices Soar to Fastest Growth Since 2006
The latest iteration of CoreLogic’s Home Price Index (HPI) report revealed that home prices nationwide jumped 10.4% year over year in February, the largest annual price increase recorded on the index since April 2006. Price gains surpassed 10% for the first time since 2013, CoreLogic noted, exceeding the prior month’s HPI gain of 9.69%. Prices…
Read MoreCould a New Market Tax Credit Loan Work for Your Business?
Delving into the finer points of the federal government’s New Market Tax Credit (NMTC) program may not be your cup of tea. The good news is you don’t have to, with this brief overview of the program and its benefits. First, click this link and input your business’ address to see if you are in…
Read MoreCould an Asset Based Loan Be in Your Future?
The last twelve months have been a roller coaster. If you are in a customer facing service industry, it may have been downright disastrous. While business may be on the upswing now, and the near-term future a bit brighter, it’s going to take time to dig out. As a business owner or real estate investor,…
Read MoreGeorgia Doctor Sees Benefit of Working with Experienced Commercial Mortgage Brokerage
Our Connections Make the Difference Preferred Capital Funding announces closing of a $1,500,000 interest only bridge loan that defied the odds. Our client had been working with a traditional lender to buy a building, but was running out of time. Underwriting and processing delays continued to mount and endangered the purchase contract. Timing was everything.…
Read MoreBridge to a Brighter Future
Do you have a loan deadline looming and the clock is running out faster than you’re able to find alternative financing? Does your commercial investment property have a temporary vacancy bump or need renovations to attract better tenants and increase cash flow in the future? In the COVID affected economy of today, many lenders have…
Read MoreAlternative Mortgage Does Not Have to be Hard Money
Have you been turned down by your bank for a real estate loan? Or are their underwriting requirements just too onerous? Let’s face it. Trying to buy real estate to house your growing business, or investing in income producing property, can be challenging. Add into the mix a few bumps in the past, such as…
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