When you choose to open a business in Newport Beach, you’re choosing excitement. This beautiful coastal town has miles of pristine beaches, great weather, dozens of specialty shops, close to 500 restaurants, and the best golf resort in the world. With over 50 million tourists flocking to Orange County every year, there’s no shortage of business opportunities.
Because Newport Beach is such a popular destination, the competition for commercial property is fierce. To capitalize on the great investments in Newport Beach, you have to move quickly. Whether you’re looking to start a new business or want to expand your existing one, Nelson Funding can provide you with a quick closing hard money loan in Newport Beach, CA. In many cases, we can provide your hard money loan in a matter of days.
Don’t let your competition take your perfect property, let our team of professionals help you close your loan quickly and move your project forward on your timeline.
If you’re a little wary of partnering with a hard money lender because of past experiences and are considering going through a bank, contact Nelson Funding first. Securing commercial loans from our company yield so many benefits, but perhaps the biggest benefit of choosing us is saving time. Below, we’ll discuss the process that traditional banks have you complete and how much faster the process at Nelson Funding is.
Whether you’re choosing to open a warehouse, office space, hotel, or travel or tourism-related business, purchasing commercial property is a major financial commitment. As you’re preparing to purchase property, you’ll have to provide banks with a significant amount of documentation. Most banks require you to provide the following records:
Even if you have all this information gathered and ready to submit to a bank, it can still take weeks or months for a lender to process it. If you have poor credit or a new business, the process can take even longer. While you’re waiting for your funds, it’s very probable that another competitor can swoop in and purchase the property you’ve had your eye on. If that happens, you’ll have to look for a new property that can delay your project timeline even further. Only after all this information has been reviewed will you receive your commercial loans.
Here’s how the process at Nelson Funding works:
From the application process to closing, our whole process takes at the most a month to complete. There’s no waiting around to hear from one of our team members of being kept in the dark. We’ll communicate with you the entire time and let you know where things are at. Even after we’ve provided your commercial loans, we’ll continue to stay in touch. We can even help you secure a conventional commercial mortgage at the same low-interest rate.
No matter what your business venture is, our team is here to help make it a reality. We provide a variety of low-interest rate commercial loans, including fix-n-flip loans, retail property loans, 10-day bridge loans, construction loans, and so much more, at rates as low as 4.5%.
If you’re ready to purchase commercial property in Newport Beach or have more questions about our process, get in touch with us! You can contact us online or by giving us a call at 573-246-7087. Don’t miss out on your perfect commercial property! Call us today and take advantage of Nelson Funding’s incredibly easy and fast lending process.