GNBC offers financing for various types of real estate, including commercial, multi-family, and mixed-use properties. We offer loan options to support your investment goals, business acquisition or meet business cash flow needs. You can invest in owner occupied property, rental homes, office buildings, or retail spaces.
Yes, we provide financing options for property improvements and renovations. With our flexible terms, you can finance both the purchase of a property and any necessary repairs or upgrades.
Credit score requirements vary by loan type. Generally, we recommend a minimum score of 680 for most real estate financing options. However, we look at the overall financial health of your business and your property investment plans.
Yes, most real estate loans require a down payment. The amount varies depending on the loan type. Some options require as little as 10%, while others may require up to 30%.
Approval times vary depending on the loan type and complexity of your application. On average, approval can take anywhere from 2-4 weeks. We work quickly to ensure that your financing is in place as soon as possible.
It depends on the lender. Some loans may have prepayment penalties, while other may not. We encourage early repayment when possible, as it helps reduce your overall interest costs.
SBA loans offer several advantages, including lower down payments, competitive interest rates, and longer repayment terms. These loans are ideal for business acquisition and expansion, businesses that need to purchase or improve real estate but want to preserve working capital.
Yes, GNBC provides assistance in locating financing options across the country. While we specialize in Florida, we can assist with investment properties in other states, depending on the financing program.
To increase your chances of approval, maintain a good credit score with healthy business cash flow. Prepare a solid business plan. Provide clear financial documentation, including income statements and tax returns. Our team will work closely with you to ensure your application is as strong as possible.
Your business plan should outline your investment goals and the type of property you want to buy. Include your expected returns and how you plan to manage the property. This shows that your strategy is feasible. Please not that GNBC can also assist with this.
