Why Commercial Asset-Based Lenders Are Better Than More Traditional Counterparts
Commercial asset-based lenders work exclusively with real estate investors. These asset-based loans are classified as business loans. Commercial property asset-based lenders do not provide consumer loans, which means you cannot use them to finance your primary residence. Asset-based commercial lenders prioritize real estate investment properties and are primarily concerned with the value and equity in a property.
The primary objective of commercial lenders in California is to provide asset-based loans to real estate investors seeking to progress from point A to point C. Typically, point A entails the acquisition of distressed property, point B involves the renovation of the property, and point C encompasses the sale of the newly renovated property at the highest possible price based on local market conditions.
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