Your worries are over if you think that obtaining financing is impossible. Many lenders are loosening the purse strings and aggressively looking for new business. I have recently been contacted by a number of loan officers seeking new loans. A hungry loan officer means more creative thinking to get loans approved.
I spoke with Beth Kelsey at Liberty Savings Bank who has helped several of my previous clients and she told me:
“Companies and individuals in the market to make a real estate purchase should act now because values have stabilized and asking prices will start going back up. Interest rates are expected to rise. The SBA 504 option is an excellent option for qualified business owners as the current pricing is low and the SBA has reduced their fees in this program“.
Rates are affordable, prices of commercial real estate at bargain prices coupled with highly motivated sellers could mean the time is right to purchase instead of leasing.
Contact Steven and Beth to review your options!
Steven C. May - Commercial REALTOR®
Prudential One Commercial REALTORS®
7234 Far Hills Ave
Dayton, OH 45459
Beth Kelsey – Commercial Lending
Liberty Savings Bank
1015 S. Main St.
Centerville, OH 45458