Commercial | Paces Funding

27 02, 2017

Commercial Loans vs. Residential Loans

Paces Funding2017-02-27T10:00:43-05:00February 27th, 2017|Categories: Business, Commercial|Tags: Commercial Hard Money Loans, Hard Money Loans Atlanta, Residential Hard Money Loans|

The differences between commercial and residential loans may seem cut-and-dry, but they’re not always obvious. Determining which type of loan you require can be confusing at times, and being prepared before you speak with a lender may save you some time. Residential mortgage loans are intended for properties that have one to four family units. Anything above that, or a property intended solely for business (not a dwelling), falls under a commercial loan. When you require a residential loan, your personal income, debt and ability to repay a loan are reviewed before you’re approved for a mortgage. If you need

7 01, 2017

What is an Environmental Report in Commercial Real Estate (And Do You Need One)?

Paces Funding2024-01-09T17:18:16-05:00January 7th, 2017|Categories: Business, Commercial, Hard Money Loans, Investments|Tags: Commercial Hard Money Loans, Contamination, Environmental Reports, Hard Money in Atlanta, Hard Money Lender in Atlanta, Lenders, Phase I Environmental Report, Phase II Environmental Report, Pollution|

Many traditional and hard money lenders in Atlanta require an environmental report before they’ll grant someone a commercial loan. The report should show that the property has been examined for environmental contamination. Even if there’s no lender requirement, though it may be a good idea to obtain one anyway, just for your own peace of mind — and for your future buyers’ peace of mind. What is an Environmental Report? An environmental report is an investigation on commercial property to discover if there are any dangerous contaminants. Potential buyers assume the cost of the investigation and it is completed in

28 11, 2016

Energy-Efficient Commercial Buildings

Paces Funding2016-11-28T10:00:38-05:00November 28th, 2016|Categories: Business, Commercial|Tags: Commercial Buildings, Energy Efficiency, Hard Money, Investments|

If your real estate niche is investing in commercial buildings, be sure to check out the federal tax incentives offered for energy efficiency upgrades. Since commercial buildings release the most carbon emissions and are the world’s largest energy consumers, the government is looking for ways to entice building owners and designers into going green. Commercial Building Tax Deduction You may be eligible for a deduction of up to $1.80 per square foot if you reduce your building’s total energy usage by at least 50%. You can qualify for this deduction by replacing your building’s boiler or furnace with a new heating

14 11, 2016

How to Deal With Late Rent During the Holidays

Paces Funding2016-11-14T10:00:16-05:00November 14th, 2016|Categories: Commercial, Investing, Investment, Investment Properties, Investments, Real Estate, Tenants|Tags: Arrears, Eviction, Holidays, Landlords, Late Rent, Property Owners, Rent, Rental Units, Tenants|

While everyone is scrambling to get their festivities organized and shopping done, unfortunately, it's too common for rent payments to be put on the back burner. Landlords are faced with this problem each year, and if it's happened to you, you know that it's a tough decision (you know, whether or not to be a Scrooge). Keeping a Professional Distance From Your Tenants If you're a landlord, you know that maintaining a professional relationship and not becoming involved in your tenant’s financial woes is a necessity. No one enjoys evicting a tenant—especially during the holiday season—but you should remember that this is

5 11, 2016

Commercial Lease Acronyms That You Need to Know

Paces Funding2024-01-09T14:36:02-05:00November 5th, 2016|Categories: Business, Commercial|Tags: atlanta hard money, BOMA, Building Owners and Managers Association International, CAM, Commercial Lease Acronyms, Commercial Leases, Common Area Maintenance, Hard Money Loans in Atlanta, NNN, Rentable Area, Rentable Square Feet, RSF, Tenants, Tenants Improvements and Betterments, TIBs, Triple Net Lease, Usable Area, Usable Square Footage, USF|

If you’re new to the world of commercial investment—there are a lot of terms, lease types and calculations you’ll need to be aware of. On top of that, everything is an acronym. Learning the lingo of the industry can be overwhelming—but it should be ranked high on your to-do list. If you’ve acquired a building and think you’re ready to start looking for a tenant, you’ll want to have the lease conditions drafted well ahead of time—but be prepared for negotiations! Here are some acronyms you should be familiar with before starting out. Building Owners and Managers Association International (BOMA):

26 05, 2016

3 Tips for Valuing a Commercial Property

Paces Funding2016-05-26T10:00:56-04:00May 26th, 2016|Categories: Business, Commercial, Developers, Hard Money|

Many real estate investors understand the value of walking around a residential neighborhood to gauge the potential investment value of a property. However, fewer REIs place the same importance on walking a commercial property. However, if you know what to look for, you can glean some valuable insight into value of commercial real estate. Valuing Commercial Property: Typical Vehicles and People in the Area As you walk through the area, make note of what you see. Do you feel safe as you walk? What kinds of cars and trucks do you see? Is the neighborhood demographic appropriate for the

21 12, 2015

Commercial Real Estate Investing 101: What You Need to Know

Paces Funding2015-12-21T21:08:42-05:00December 21st, 2015|Categories: Commercial, Hard Money|

Commercial real estate investing can be a lucrative field – but if you’ve primarily dealt with residential investment properties, you might be a bit nervous about jumping in with both feet. Commercial Real Estate Investing 101: What Makes a Good Investment Property? If you’re a commercial real estate investor, the same principles that apply to residential investors will apply to you: Appreciation. Property values that go up result in a profit for you. Cash flow. If you rent a property to make a profit, and you have more income coming in than expenses going out, you’ll have a positive cash

12 11, 2015

Investors and Developers: Could You Use Hard Money?

Paces Funding2015-11-12T12:56:14-05:00November 12th, 2015|Categories: Commercial, Developers, Investment, Loan, New Construction, New Home Development, Real Estate|

In some cases, investors and developers are better off taking out a hard money loan than using a traditional loan. So when is a hard money loan better for developers and investors? Typically, hard money is a better choice when an investor or developer: Needs to close quickly and following traditional funding routes would take too long. Often, banks and other traditional lenders take several weeks – if not longer – to process the paperwork on a loan. Has several good opportunities but not enough cash to accept them all. Banks won’t extend credit if it appears you’ll become over-extended.

4 11, 2015

Commercial Hard Money Loans: What You Need to Know

Paces Funding2015-11-04T10:00:00-05:00November 4th, 2015|Categories: Commercial, Hard Money, Loan|

Commercial hard money loans aren’t something you typically hear about in casual conversation, and if you’re like most people, you’re wondering what they are – and whether they could help you. What Are Commercial Hard Money Loans? Commercial hard money loans are designed to help business owners get access to cash quickly. They aren’t the same as traditional commercial loans; in fact, there are several key differences. In order to obtain a commercial loan through a bank or another lender, you generally have to provide: Proof of income High credit scores Tax returns Financials from your business You’ll also have

5 02, 2014

New Paces Funding Website

Paces Funding2024-06-17T12:50:00-04:00February 5th, 2014|Categories: Commercial, Equity Lending, Hard Money, Investment, Loan, New Construction, Real Estate|

To start 2014 off, we've updated our website. New content as well as the ability to apply for a hard money loan online. If you need an Atlanta hard money loan or for other parts of the south, contact us today at (404) 814-1644 x101 or email Dean@Paces Funding.com. We also do hard money loans on commercial properties. Check us out at www.Paces Funding.com

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