Cre Loans
Commercial real estate (CRE) loans are financing arrangements specifically designed for the acquisition, development, or refinancing of commercial properties. These loans are typically utilized by businesses, investors, or developers to purchase or renovate properties such as office buildings, retail centers, industrial facilities, apartment complexes, and hotels.
CRE loans come in various forms, including:
- Permanent Loans: These loans have longer terms, typically ranging from 5 to 20 years, and they are used to finance the purchase or refinance of stabilized properties.
- Bridge Loans: Bridge loans are short-term financing options used to cover temporary financing gaps, such as when a property is being renovated or repositioned before obtaining long-term financing.
- Construction Loans: These loans provide funding for the construction or renovation of commercial properties. They may have a draw schedule, where funds are released in stages as the project progresses.
- Mezzanine Loans: Mezzanine financing sits between senior debt (such as a traditional mortgage) and equity in the capital stack. Mezzanine loans are often used to fill the gap between the amount of senior debt available and the total project cost.
Genesis Commercial Loans offers loans across the entire USA, including St. Lucie County, Martin County, Broward County and Miami-Dade County.