Over the last 45 days, the commercial lending enviroment continues to change. It is not that the money has gone away, it is more a question of loan to value and rate.

What does that mean for you, the customer????

First it means it might be time to move forward with any financing needs you may have. As we move through the rest of this year, money may get even harder to come by. Our lenders still want to lend, they just want to make sure property values will not deteriorate to a point where they are over 85-90% LTV.
Secondly, rates have not jumped to the degree that residential have. YET! The rise of fixed and variable rates is inevitable. The government has put so much money on the streets there is no way to avoid it. The best bet now is to lock in on a long term fixed rate so you can plan your budget.

Give us a call and let us help you get the best financing option.

Equity Based Lending or "Hard Money"

Do you need money fast?

Do you fit into one of the following scenarios or something similar?

1. Under pressure from your local bank to refinance your commercial property elsewhere?
2. Need to purchase commercial property quickly?
3. Late on your payments and the bank is threatening foreclosure?
4. You own real estate and need cash for any reason at all?
5. Construction is complete, but leases are not in place and the bank wants to be paid off?

If any of these scenarios sound like what you’re going through, then hard money may be for you. Hard money is not as harsh as the name sounds. Instead it is designed as short term solution to your problem. Yes, you may have to pay a high interest rate for 6 to 24 months, but it’s worth it if you get the cash you need and/or avoid foreclosure.

Our hard money lenders look specifically at your commercial property, not your personal credit or other situations. If you have equity in your commercial property, we have sources that will refinance your property at up to 65% LTV (higher in some circumstances). The terms are usually 12 to 15% interest for a term of 12 to 24 months. Payments during the term are interest only and there is no pre-payment penalty (lender must receive 6 months of interest payments). You can even build an interest reserve account into the loan to make the payments for you. More good news…these loans typically close in 14 to 30 days!

If you own commercial property and need money fast…for any reason…give Crown Funding Group Inc a call….WE CAN HELP!

Jeff Poynter Joins Crown Funding Group

I am very excited to announce that Jeff Poynter has joined Crown Funding Group.



Jeff brings a wealth of experience and expertise to our company.

He has over 21 years of business lending and financial management experience. He worked for First Union/Wachovia as a Sr. Financial Specialist where he assisted cusomters with all their business needs. For the last 5 years, Jeff has been a controller for a multi-million dollar contractor who specialized in apartment rehab and construction. Having both of these experiences, Jeff understands the needs of the business client from both sides of the desk.


Please contact Jeff for all your lending needs.


Tom Barnard
President
Crown Funding Group, Inc.
(678) 387-5587

Commercial Loans Now!!

Who is funding commercial loans in this enviroment... WE ARE!!!!!!!!!

AND

WE are able to lend in all 50 states!!

Both of these statements are rarely said by themselves...much less together.

If you have a need for funding for a commercial property or business need, we can help. We offer a professional approach with unmatched service.

We represent over 40 national and regional lenders who not only have money to lend, but are eager to lend it.

Let Crown Funding Group Inc review your needs and give you the best options.

Commerical Lending has changed dramatically over the last 9 months. As the economic landscape shifts the manner in which loans are approved (or not) changes. A loan that was once a "no brainer" for a local community bank is now looked upon as a "toxic asset". This development has put business owners and banks in a very ackward position. The message most businesses hear is "we want your deposits, but please feel free to take your loan somewhere else".

That is a Bad news/Good news scenario. How, you may ask.....I am glad you asked.

The Bad news is that local banks are no longer a 1 stop shop for business owners. The days of all a businesses accounts (checking, savings, payroll, and loans) residing with one institution are over.

That is also the Good news...while maybe not as convenient, diversifying should save a business money and limit its exposure to these exact situations.

Think of it this way. How many people do you know who have all their money and all their loans at one place??? Not many, maybe not anyone.

Crown Funding Group, Inc. can help you get the funds you need in this credit market. There are many lenders who are not encumbered with deposits that are lending.

If your bank has said "no" or worse "not now", we represent over 50 commercial lenders who not only have money, they want to lend it.

Give us a call to discuss your funding needs!!!


Tom Barnard
President
Crown Funding Group, Inc.
(678) 387-5587