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Denver: One of the Country’s Hottest Multifamily Real Estate Markets
Many Western US markets are extremely strong for multifamily real estate. Denver, for example, has been very popular among real estate investors for years ― a major reason it annually ranks among the top cities in the U.S. for housing growth. Denver is a draw for people looking for big city life as well as…
Read MoreSBA 7a Loans: Still a Great Option!
If you’ve been in the market for an SBA 7a loan since the pandemic hit, you know that Congress provided several relief benefits that helped business owners weather the COVID storm. Specifically, the 7a program was enhanced by increasing the government loan guarantee to 90 percent; forgiving the standard SBA Loan Guarantee Fee; and waiving…
Read MoreKeys to a Successful Letter of Explanation
Life doesn’t always go as planned. We all face obstacles in life and business, but that shouldn’t mean you can’t go forward with your goals. A bump in the road for a real estate investor or small business owner can become a roadblock with the local bank. Your reportable tax return income may suffer, or…
Read MoreWorking 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,…
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